I suspect if people live a lot longer they would be retired for a somewhat longer period of time. Just the financial planning takes on a very different character.
Sentiment: NEGATIVE
We have some control over when we retire. However, we have very little control over how long we will live.
There are some who start their retirement long before they stop working.
I just see too many people retire and say, 'I'm going to take off, travel, spend time with my family' and they are just miserable. They end up dying. People who work and stay active, and like what they are doing, live longer.
To retire is to begin to die.
To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that can be levered, not a curse. They must understand that there's a cost to sitting in cash. No one talks about that cost.
I have to think about the possible ramifications of an early retirement.
I think the notion of retirement is just a dreadful, dreadful idea and I hope I never have to do that.
People think retiring is fun. Well, maybe, but if you have a certain kind of fire inside, there is no end in sight.
I guess I'll retire someday if I live that long.
People do not retire. They are retired by others.