Work Longer, Live Longer

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There’s finally an answer to an age-old question: How can you live a longer, more satisfying life?

The answer: work past the traditional retirement age of 65.

A new study published in the Journal of Epidemiology & Community Health looked at the risk of dying for different age groups of Americans, and compared it to their retirement age.  The researchers found that the likelihood of dying in any given year was 11% lower among people who delayed retirement for just one single year—from age 65 to age 66.  By age 70, people who continued working experienced a 38% lower risk of dying than people of the same age who had retired at age 65.  By age 72, the risk was 44% lower.  These results seemed not to be affected by other variables, like gender, lifestyle, education, income and even occupation.

Why is working longer good for your health?  The article suggested that when you continue working, even part-time, your normal age-related decline in physical and mental functioning happens more slowly.  You’re having to stay engaged in the complicated work-world, which keeps you sharp—and, apparently, alive.

About the Author: Bob Veres has been a commentator, author and consultant in the financial services industry for more than 20 years.  Over his 20-year career in the financial services world, Mr. Veres has worked as editor of Financial Planning magazine; as a contributing editor to the Journal of Financial Planning; as a columnist and editor-at-large of Dow Jones Investment Advisor magazine; and as editor of Morningstar’s advisor web site: MorningstarAdvisor.com.

Mr. Veres has been named one of the most influential people in the financial planning profession by Investment Advisor magazine and Financial Planning magazine, was granted the NAPFA Special Achievement Award by the National Association of Personal Financial Advisors, and most recently the Heart of Financial Planning Distinguished Service Award from the Denver-based Financial Planning Association. 

Source:  http://www.wsj.com/articles/retiring-after-65-may-help-people-live-longer-1462202016

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