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Bloomberg on working to 65
Old 02-20-2016, 10:36 AM   #1
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Bloomberg on working to 65

Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!

Not sure what to make of it.

If you have the Bloomberg radio app it was 1:30pm eastern time
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Old 02-20-2016, 10:53 AM   #2
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LOL, whats the thought process here, if you don't get riffed by the time your 65 you must be good?
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Old 02-20-2016, 11:30 AM   #3
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LOL, whats the thought process here, if you don't get riffed by the time your 65 you must be good?
The emphasis was more that having the physical ability to work until 65 was the new status symbol. As compared to, say, being FIRE'd and having both the time(!) and physical ability to spend 30 days backpacking the John Muir trail, which we plan to do next year.

Absolute rubbish IMHO.
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Old 02-20-2016, 11:31 AM   #4
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Well... my LBYM mindset has me ignoring status symbol stuff anyway. LOL.
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Old 02-20-2016, 11:33 AM   #5
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Originally Posted by LastOfTheBoomers View Post
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!

Not sure what to make of it.

If you have the Bloomberg radio app it was 1:30pm eastern time
At age 65, RE'd with a 32 y.o. new wife might be a better status symbol. IMO.

I guess Bloomberg has lost sight of the old leisure class. Having a trust fund is the ultimate status symbol in my neck of the woods.
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Old 02-20-2016, 11:34 AM   #6
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Interest-in-status-symbols and FIRE are often mutually exclusive.
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Old 02-20-2016, 11:43 AM   #7
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Actually, for many of the younger Boomberg employees, working until 70 will be the norm due to longer healthier life spans, so working until one is 'only' 65 will be an ER status symbol, I suppose.
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Old 02-20-2016, 11:56 AM   #8
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OK all you trend following RE website folk, back to work or your peers will jeers at you. Who will step to the plate and develop the not-early-retirement.org?
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Old 02-20-2016, 11:58 AM   #9
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OK all you trend following RE website folk, back to work or your peers will jeers at you. Who will step to the plate and develop the not-early-retirement.org?
It can be called Work-till-you-drop.org.
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Old 02-20-2016, 12:33 PM   #10
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Originally Posted by LastOfTheBoomers View Post
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!

Not sure what to make of it.

If you have the Bloomberg radio app it was 1:30pm eastern time
Well *someone* needs to keep feeding cash into the pension and SS coffers...
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Old 02-20-2016, 01:12 PM   #11
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Originally Posted by LastOfTheBoomers View Post
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!

Not sure what to make of it.

If you have the Bloomberg radio app it was 1:30pm eastern time
Hmm. Maybe I should start focusing on status--I've been lax in that for a while. Time to change my username to 2026ish--and hope that DW doesn't find out, as she'd probably kill me if I told her that she has to work for another decade.
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Old 02-20-2016, 01:57 PM   #12
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Hmm. Maybe I should start focusing on status--I've been lax in that for a while. Time to change my username to 2026ish--and hope that DW doesn't find out, as she'd probably kill me if I told her that she has to work for another decade.
Well technically *she* wouldn't have to work another decade... only you.
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Old 02-20-2016, 02:36 PM   #13
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Well technically *she* wouldn't have to work another decade... only you.
Nah, she claims to want me around to carry her bags--one for all and all that!
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Old 02-20-2016, 02:37 PM   #14
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The emphasis was more that having the physical ability to work until 65 was the new status symbol. As compared to, say, being FIRE'd and having both the time(!) and physical ability to spend 30 days backpacking the John Muir trail, which we plan to do next year.

Absolute rubbish IMHO.
You're my hero ElizabethT!! I'd love to backpack JMT, but DW has a bad back. Still loving FIRE though, never planned to work to 65

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Old 02-20-2016, 02:41 PM   #15
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I guess Bloomberg has lost sight of the old leisure class. Having a trust fund is the ultimate status symbol in my neck of the woods.
I guess many of us built our own trust funds over the years. So we didn't ER at 18 like some trust fund kids or Failures To Launch, but it's a great feeling to know that we've built something great and rather unusual.

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Old 02-20-2016, 03:34 PM   #16
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Interest-in-status-symbols and FIRE are often mutually exclusive.
Very true. There was a lot written about that in The Millionaire Next Door.
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Old 02-20-2016, 04:11 PM   #17
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Go figure. I'm ERing in 68 days and now it's out of style! What will I do?!
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Old 02-20-2016, 04:25 PM   #18
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Hey, for those of you reading this and are still working, go for 70, the hell with 65.
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Old 02-20-2016, 04:35 PM   #19
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I retired at 61 due to toxic politics. I'm 63 and I think if I were still working I'd be counting the days till retirement (had planned age 65). I loved what I did and worked mostly for great companies with great people but 38 years was enough.
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Old 02-20-2016, 04:44 PM   #20
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Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!
I have never been one for the status thing. I am ready to climb in the wagon and stop pulling it for a while.

Thank goodness for those that work til 65+. It keeps my SS solvent longer.

136 days left!
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