Why retire

Respondents could list more than one reason, choosing from a list of ten options. These can be regrouped into five categories:. The results below apply to those who retired after and were at least 60 years old at the time of retiring.

Note that more than one reason can be provided and percentages therefore exceed Among Finnish retirees, 83 per cent indicated that they retired because they became eligible for a pension. Almost 7 per cent retired due to early retirement, while 11 per cent retired because of ill health. These results showed no strong differences between Finnish men and women.

Less than 2 per cent said they retired because of factors in their social environment, all of whom were women. Moreover, less than 2 per cent retired to enjoy life. As the wise old saying goes, it's important not just to retire from something but to something.

American Advisors Group. Epidemiol Community Health. Accessed Nov. National Bureau of Economic Research. Social Security Administration. United States Government Accountability Office. Retirement Planning. Personal Finance. Social Security. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

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Table of Contents Expand. Some Pros of Retiring Early. Some Cons of Retiring Early. A Middle Ground. The Bottom Line. Key Takeaways Many Americans plan to retire early, before the proverbial age of Despite these concerns, retirement might be sounding more realistic.

It may even sound like a smarter choice than sticking it out at work. Though there are plenty of folks that insist on retiring as late as possible, retiring sooner has some strong advantages.

Here are our top seven reasons why you should retire this year. Often times, folks of retirement age have the means, but lack the motivation to move forward.

Always remember that retirement is an emotional journey , just like any other large transition in life. Talk to friends, family, and old colleagues to find out just what you are missing by not diving into retirement. Retirement has undergone significant changes in the past years. Stress is toxic. According to Dr. Varnada Karriem Norwood , longterm stress can cause the following unhealthy symptoms:.

Stimulation: Keeping our minds challenged by learning something new each day. Of course not. We know there are far more problems and opportunities on this spinning planet than there are people to help with them, so go solve some! You have 1 free article s left this month. You are reading your last free article for this month. Subscribe for unlimited access.

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