Quote:
Originally Posted by BobC
Looks like I’m one of the few that plans on working until 70. I’m 66 now and there’s always the possibility that something comes up to cause a change in plans. The GM assembly plant where I’ve been a skilled trades electrician for over 36 years does not yet have new product allocation. It could close in a few years and I’ll be done then. In the mean time my medical costs are lower while an active employee and I receive yearly benefits like profit sharing. Each year I work past 30 also increases my pension. Working until 70 will max my SS plus it will increase the SS survivor benefits for my wife.
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This is the carrot on the stick for most of us. I could have gone longer and got increased benefits with each year (incremental) but for me, my time was more important than a couple hundred dollars a month. You can
always make more money. You can't make more TIME.