Today’s College Grads Can Expect To Retire When They Are 73

<p>Actually, a news story that I think aired on CNBC said that the new retirement age
is…NEVER. Yes, you read this right.</p>

<p>When I was in my 20s, the last, the very last, thing on my mind was my retirement age. :smiley: We are talking about 40 or 50 years from now. What will the world be like then? I might see the 40 yr from now version, unlikely to see the 50 yr from now world. </p>

<p>But since the “study” put it out there, what percentage of college students are graduating with no student loans? The “average debt” figures might be misleading.</p>

<p>We are extremely fortunate to be in seemingly good health and have a good income and savings with no debts now. We always wonder if we’ll err in the timing and find we have lots of money, but saddled will poor health that won’t permit us to enjoy our end game, or if we drop the jobs too early, get hit by some financial tsunamis and keep fretting about retiring prematurely. </p>

<p>For worrywarts like me, I really think the only solution that makes sense is to strive for a mindset that one is happy with even while working, and not constantly count down to a magical date when the shackles come off and a life of bliss starts.</p>

<p>It is gonna be more true when people realize that by 2025 or so, Social Security and Medicare they may have been expecting simply will not be there, the cash they thought they would get will have run out. That is gonna force most of them back to work even if the economy dramatically improves from where it is now.</p>

<p>Wow that’s crazy!</p>

<p>We may end up someplace like this.
[Half</a> of Britons consider ‘Marigold Hotel’ retirement overseas - Telegraph](<a href=“Half of Britons consider 'Marigold Hotel' retirement overseas”>Half of Britons consider 'Marigold Hotel' retirement overseas)</p>

<p>I could retire today! Unfortunately it means I would have to die in about 4 years…sigh. I’ll be working until at least 70. One problem with us baby boomers working longer and not retiring is that we’re not opening up our jobs to future generations. In a perfect world if our generation had saved and been able to retire at 65, the younger generations would be taking the jobs over and be saving for their own retirements.</p>

<p>If we did away with double dipping, more jobs would be opened up.</p>

<p>Its pretty common for employees for our school district to still collect a paycheck while they collect their pension.
[Double-dipping</a> is common for public-sector ‘retirees’ who take on additional work - San Jose Mercury News](<a href=“Double-dipping is common for public-sector ‘retirees’ who take on additional work – The Mercury News”>Double-dipping is common for public-sector ‘retirees’ who take on additional work – The Mercury News)</p>

<p>[More</a> than 100 retired City of Omaha employees return to their jobs while drawing pensions - Omaha.com](<a href=“http://www.omaha.com/article/20131006/NEWS/131009169/1101]More”>http://www.omaha.com/article/20131006/NEWS/131009169/1101)</p>

<p>[Disability</a> double-dipping drains millions from NJ pensions | Fox News](<a href=“http://www.foxnews.com/politics/2013/09/09/disability-double-dipping-drains-millions-from-nj-pensions/]Disability”>Disability double-dipping drains millions from NJ pensions | Fox News)</p>

<p>[Report:</a> Pension reform efforts fail to stop double-dipping | abc7news.com](<a href=“http://abclocal.go.com/kgo/story?section=news/politics&id=8821194]Report:”>http://abclocal.go.com/kgo/story?section=news/politics&id=8821194)</p>