Article encouraging never retiring....

[seraphim]

5 Compelling Reasons Never to Retire - DailyFinance

Wonder about his author's motivation, that he would spend time convincing others to work until they die...

Didn't want to sign up for an AOL password just to ask.

[Gumby]

If that's how Mr. Brian Lund feels, then he probably should work until he drops. I've got my own plans, and they're substantially different.

[Walt34]

He didn't convince me. I like not having to get up at o'dark thirty to go to work. Had enough of that.

[REWahoo]

To save everyone the time of reading the article, here are the 5 "compelling" reasons:

You Will Die Much Faster
You Will Have a Hard Time Making Your Money Last
You Really Don't Want To Spend That Much Time With Your Family
You Are Not Going to Learn to Play Guitar
You Are Going to Be Bored

What a crock.

Quote:

Originally Posted by seraphim Wonder about his author's motivation, that he would spend time convincing others to work until they die...

I'd guess a bad case of sour grapes...

[panacea]

Wow, that is a crock.

[Midpack]

Never gets old here does it

The equivalent of posting a Seahawks promo on a 49ers fan site.

[Dash man]

He spent four years on the football team and never played a down...poor guy.
He also said 51% of Greeks that retired early died young...so 49% must have lived longer! A 2% difference doesn't seem significant to me.

[REWahoo]

Quote:

Originally Posted by Dash man He spent four years on the football team and never played a down...

And apparently that experience left a lasting mark because he found a way to work that terrible injustice into an article about never retiring.

[Chuckanut]

Let me guess, this article is written by a relative of the fellow in the recent Cadillac commercial?

Maybe we should all adopt this old philosophy until we work ourselves to death.

[seraphim]

Thanks Wahoo. Should have done the summary myself...

[seraphim]

"The equivalent of posting a Seahawks promo on a 49ers fan site."

I was really trying to figure this guy's angle. I would suggest he's a plant for the current administration, attempting to increase revenue for the government via taxes, but the article was so poorly written the author couldn't possibly achieve his goal.

Hmmm. Maybe he DOES work for the current administration. *grin*

[David1961]

I've read about studies that show the longer you work, your life expectancy goes down. Wish I could remember where I read it.

I can see where if someone retired early because of serious medical problems or is forced to retire before they want to, that could shorten your life. But for those who voluntarily RE, I doubt it.

[daylatedollarshort]

There are a surprising amount of why you should never retire articles out there these days. I think some originate from the investment industry. With boomers retiring largely without pensions, that means cashing in stocks and stock funds, which means less money in 401Ks to siphon off in recurring management fees.

[Bestwifeever]

Here is the blogster's bio from the link:

Quote:

Brian is the co-founder of Ditto Holdings, Inc., parent company of Ditto Trade, a registered broker dealer, and has been trading, drumming, and running businesses for over 25 years. Brian writes a popular blog on StockTwits described as "the intersection of markets, trading, and life," is the author of the book "Trading: The Best of the Best - Top Trading Tips For Our Times," and has made numerous appearances on CNBC. A native Californian, he lives in Orange County with his wife and two children. He also really, really likes beer.

His motivation in writing this piece for AOL is probably financial.

[walkinwood]

Quote:

Originally Posted by REWahoo To save everyone the time of reading the article, here are the 5 "compelling" reasons: You Will Die Much Faster You Will Have a Hard Time Making Your Money Last You Really Don't Want To Spend That Much Time With Your Family You Are Not Going to Learn to Play Guitar You Are Going to Be Bored What a crock. I'd guess a bad case of sour grapes...

I think the key thing is the FI part. None of those are a good reason not to aim for FI as soon as possible. Then you have choices!

[seraphim]

"His motivation in writing this piece for AOL is probably financial."

You mean someone PAID him for that?

[Bestwifeever]

Quote:

Originally Posted by seraphim "His motivation in writing this piece for AOL is probably financial." You mean someone PAID him for that?

Actually I imagine we all did, every time we clicked on it, which drove up the hits and his compensation. And indirectly he may get some clients from people reading it. So he is probably very grateful to you for posting this link.

[foxfirev5]

Quote:

Originally Posted by REWahoo And apparently that experience left a lasting mark because he found a way to work that terrible injustice into an article about never retiring.

I had to look up his bio myself. Little wonder why everyone else should work. Doesn't sound like someone who's ever baited his own hook/

[EastWest Gal]

Yep, he got paid to write an article. Re: you will die earlier... Guess the "study " didn't separate out those who retired for health reasons.

[Travelwanted]

Here is a portion of an article that addresses this:

Epidemiologists at the oil firm Shell carried out a study of past employees in the US, which found that mortality was slightly earlier - on average - for staff who retired at 55, than for those who continued working to 65.

But the actuary Dave Grimshaw says we need to be very careful about what conclusions we draw from the Shell data. The statistical waters, he says, are muddied by the fact that people retire at different ages for different reasons.

"You will have a group who are forced to retire [early] as a result of ill health and that may impact on their life expectancy," he says.

"In contrast there will be other people that choose to retire at 55, as more of a lifestyle decision. They may well be more affluent people. And they will also probably be in good health."

People who retire early because they are seriously ill will make average life expectancy for all retirees of that age look lower.