My comments on the five reasons not to retire that are discussed in this article are,
5. Your kids may be coming home
Perish the thought!
When I charged post-college rent I called it "real life".Maybe its just the people I know but what's with all these parents charging their kids rent to live at home after college?
Maybe its just the people I know but what's with all these parents charging their kids rent to live at home after college? People I know are taking advantage of the no rent/low expense post college lifestyle to save up money and pay down their massive student loan debt. They're not blowing their paychecks every Friday night at the bars.
My comments on the five reasons not to retire that are discussed in this article are,
1. Retirement means lots of free time ... maybe too much
Most of us seem to be able to adjust to having more free time, but some do have a harder time of that than others. It helps if you do not need to be entertained, in my opinion.
2. Working later may help you stay healthier
Correlation is not causation, as we know, and studies that say this seem to assume causation without investigating that hypothesis. When someone is extremely ill or dying, they may not be able to work and thus are more likely to retire.
3. Your savings probably aren't up to the task
Usually this hasn't been a problem for our forum members in the past. If necessary, LBYM can save them.
4. It's hard to un-retire
But, but..... who wants to do that? Yes, I agree, it may be best to only retire if you know that you want to do it and will not be changing your mind.
5. Your kids may be coming home
Perish the thought!
My comments on the five reasons not to retire that are discussed in this article are,
1. Retirement means lots of free time ... maybe too much
Most of us seem to be able to adjust to having more free time, but some do have a harder time of that than others. It helps if you do not need to be entertained, in my opinion.
2. Working later may help you stay healthier
Correlation is not causation, as we know, and studies that say this seem to assume causation without investigating that hypothesis. When someone is extremely ill or dying, they may not be able to work and thus are more likely to retire.
3. Your savings probably aren't up to the task
Usually this hasn't been a problem for our forum members in the past. If necessary, LBYM can save them.
4. It's hard to un-retire
But, but..... who wants to do that? Yes, I agree, it may be best to only retire if you know that you want to do it and will not be changing your mind.
5. Your kids may be coming home
Perish the thought!
Don't confuse rent with shared living expenses. I don't charge rent as I own my own house outright and my kids have shown me they are paying off debt and then saving for the future. However, if I did have a mortgage or paid rent myself then why shouldn't they, as income earning adults, pay their share of rent/mortgage repayments? Even after them paying rent and living expenses, they'd still have much more disposable income than me to pay down debts, save and party on.Maybe its just the people I know but what's with all these parents charging their kids rent to live at home after college? People I know are taking advantage of the no rent/low expense post college lifestyle to save up money and pay down their massive student loan debt. They're not blowing their paychecks every Friday night at the bars.