Late retirements can be hazardous to your life. That could be a conclusion of a study was done by Dr. Ephrem (Siao Chung) Cheng using pension check data from Boeing retirees. Since there were excellent records for pension distributions, Dr. Cheng was able to track the exact age for retirement and death for those in the study.
The results of the study, in the table below, showed people who retired younger lived longer. While the study did not determine the cause, some speculate that younger retirees may have had more resources to maintain a good lifestyle. Others speculate that the additional years of stress on older workers may have caused more health issues.
|Age at Retirement||Average Age At Death|
Since the study is about 25 years old, the conclusions may not directly apply to today's workers. However, the fact that the difference in longevity existed at one time, motivates me to strive for the earliest possible retirement.
For more on articles on retirement, check back every Friday for a new Reaping the Rewards segment.This is not financial, health or retirement advice. Please consult a professional advisor.
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