"The Boeing experience was that employees retiring at age 65 received pension cheques for 18 months, on average, prior to death. A similar experience was discovered at Lockheed Martin, where on average, employees received pension cheques for just 17 months.
Apparently the experiences at Ford Motor Company and Bell Labs were similar to those of Boeing and Lockheed. Statistics at a pre-retirement seminar illustrated that the average age of retirement at most large corporations in the US was 57. So people retiring at age 65 are a minority, but it is still a startling statistic.
The thought is that the hard working late retirees (65) are more than likely putting too much stress on their ageing bodies and minds and due to the stress, they develop a variety of health problems. The associated stress induced health problems lead to them dying within two years of retirement.
Another startling statistic from the same Corporations is that those who retire earlier, say age 55, tend to enjoy their retirement on average for more than 25 years. The chances are that those able to retire earlier have less stress, have planned and managed their lives better, with respect to finances, health and career and are able to retire comfortably."
Apparently the experiences at Ford Motor Company and Bell Labs were similar to those of Boeing and Lockheed. Statistics at a pre-retirement seminar illustrated that the average age of retirement at most large corporations in the US was 57. So people retiring at age 65 are a minority, but it is still a startling statistic.
The thought is that the hard working late retirees (65) are more than likely putting too much stress on their ageing bodies and minds and due to the stress, they develop a variety of health problems. The associated stress induced health problems lead to them dying within two years of retirement.
Another startling statistic from the same Corporations is that those who retire earlier, say age 55, tend to enjoy their retirement on average for more than 25 years. The chances are that those able to retire earlier have less stress, have planned and managed their lives better, with respect to finances, health and career and are able to retire comfortably."