Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
The longer you work, the sooner you die
Old 02-27-2012, 09:45 AM   #1
Recycles dryer sheets
 
Join Date: May 2005
Posts: 58
Send a message via MSN to cons Send a message via Yahoo to cons
The longer you work, the sooner you die

DUH!!

A good article, nonetheless, for us young dreamers. Looks like 49.9 is the 'sweet spot'.
Attached Files
File Type: pdf retirement-age-vs-life-span.pdf (118.7 KB, 112 views)
__________________

__________________
cons is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-27-2012, 10:15 AM   #2
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,455
This is the study and author
Quote:
Optimum Strategies for Creativity and Longevity By Sing Lin, Ph.D
This is the analysis
Quote:
The Boeing experience is that employees retiring at age of 65 receive pension checks for only 18 months, on average, prior to death. Similarly, the Lockheed experience is that employees retiring at age of 65 receive pension checks for only 17 months, on average, prior to death. Dr. David T. Chai indicated that the Bell Labs experience is similar to those of Boeing and Lockheed based on the casual observation from the Newsletters of Bell Lab retirees. A retiree from Ford Motor told Dr. Paul Tien-Lin Ho that the experience from Ford Motor is also similar to those in Boeing and Lockheed.
This is the conclusion
Quote:
The hard-working late retirees probably put too much stress on their aging body-and-mind such that they are so stressed out to develop various serious health problems that forced them to quit and retire. With such long-term stress-induced serious health problems, they die within two years after they quit and retire.
On the other hand, people who take early retirements at the age of 55 tend to live long and well into their 80s and beyond. These earlier retirees probably are either wealthier or more able to plan and manage their various aspects of their life, health and career well such that they can afford to retire early and comfortably.
I get the feeling there is a flaw in the analysis, but because there is no data, it’s hard to say exactly what it is.
__________________

__________________
MichaelB is offline   Reply With Quote
Old 02-27-2012, 10:20 AM   #3
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,107
This analysis has been discussed many times on the forum - search the forum for "Boeing" and you'll get lots of hits. Here's a thread from 2004 dissecting the many flaws in the analysis:

Retire early, live longer
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 02-27-2012, 10:28 AM   #4
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,455
Quote:
Originally Posted by REWahoo View Post
This analysis has been discussed many times on the forum - search the forum for "Boeing" and you'll get lots of hits. Here's a thread from 2004 dissecting the many flaws in the analysis:

Retire early, live longer
Good link. Thanks
__________________
MichaelB is offline   Reply With Quote
Old 02-27-2012, 06:40 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,409
This "study" has come up from time to time on the Web, and this forum is no different. I thought I have shared info that this was most likely a hoax. But here's the info again, from Boeing Co. itself.

http://www.boeing.com/companyoffices...nars/Rumor.pdf

Excerpts:
In fact, for those who retired at age 65 and are still alive – the average age is 78. This is higher than the life expectancy at birth recently published by the U.S. Centers for Disease Control of 77.2 years.

“The idea that working longer will shorten a Boeing employee’s life expectancy simply isn’t true,” said Julie Curtis, an actuary at Boeing. "I’ve been looking at the data since 1983, and the length of a retiree’s life is unrelated to the age at his or her retirement. Our retirees tend to live a long time no matter how old they are when they retire. If the charts were accurate, we wouldn’t have the large number of retirees that we do (nearly 500,000) and the large amount of pension payments (more than $2 billion a year).”
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 03-02-2012, 11:17 AM   #6
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
I would tend to agree that the most creative years one has are between 20 and 30 years old. This is because during that time one is typically single, childless and hold a non-managerial role in a company. Translation - there are less distractions from work, and one can allow one's mind to freely associate and/or think about work issues 24/7/365. After one gets married (or into a relationship), has child(ren) and/or assumes a managerial role, there are numerous forces competing for one's time. Even when alone, one is usually thinking about those same forces, limiting creativity.
__________________

__________________
Jay_Gatsby is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Top five regrets of the dying MichaelB Other topics 81 04-25-2012 03:15 AM
Why doctors die differently clifp Health and Early Retirement 63 03-15-2012 10:44 PM
Hi, I'm weighing the 10% penalty jazaddict Hi, I am... 28 03-03-2012 08:54 AM

 

 
All times are GMT -6. The time now is 07:24 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.