Rock Your Retirement Show

In this week’s episode, I got featured in Yaya Diamonds' Dream Chasers podcast; This was 2 years ago to date and we talked about the Secrets about Retirement. Yaya has been inspiring and changing people’s lives for over 8 years. She believes that in every state of life, whether it’s the beginning or the end, there’s always something to do. Your life just doesn’t stop.

Retirement Is Just at the Tips of Your Fingers

You can retire at almost any age. One of my guests retired at 40. She and her husband were living in Los Angeles and they had these highly powered, highly pressured jobs working 80 hours a week. Then, one day she picked up all her stuff and moved to Costa Rica. That is why you can retire anytime you want; You just have to make sacrifices. Her sacrifice was really a great internet like what we have, but she still loves it.

Laugh and Have a Good Attitude

Another one of the secrets on retirement is laugh and have a good attitude. One of my guests on The Rock Your Retirement Show, her name is Vikki Claflin, she has Parkinson’s Disease, and she’s still young for a person to have that disease. What she did is that she wrote a book called, Shake, Rattle & Roll With It: Living & Laughing with Parkinson's Chronicles. Even though she got this horrible disease, she still manages to laugh, have a good time, and have a good attitude towards life.

Keep On Moving Even in Retirement

People need to move even in retirement, I’m not going to say that you need to go to the gym and lift weights. You just need to move, get up, walk around, garden, or dance. Any type of movement if going to be better, even if it hurts a little. Just like when we get older, people get arthritis. What happens is you got pain in your joints; Your tendency is to not move. But if you just work through that little bit of pain, you will save yourself a lot of pain down the road.

Create a Support Group

Create a support group in person. Several of my guests came on and they talked about how they were depressed, or having physical problems. Their lives changed when they started getting together with people because there’s nothing like face-to-face support group.

The next secret about retirement is having an active sex life. I also had a couple of guests on my show that talked about sex. One guest was Joan Price, she has a website that reviews sex toys. Giving advice about love making for older people.

It’s hard when you’re young and think about things you’re going to do or how you’re going to feel when you get old. But the thing is that people are living longer and longer and also healthier. Age is just a number; You don’t have to put things away when you get older.

Mentioned in this Episode

Dream Chasers Podcast

The Secrets About Retirement

RockYourRetirement.com/Yaya

RockYourRetirement.com/Subscribe

This is Angie, the Rock Your Retirement producer. Kathe has been featured in other podcasts over the years. This episode takes you back to 2017, where Kathe appeared on the Retire Hoppy Podcast. We hope you enjoy it.

And while you're enjoying our podcast, can you do us a quick favor? Click on this link to join the Retirement Community and Rock Your Retirement at http://www.rockyourretirement.com/group.

One challenge of early retirement is finding affordable health insurance. Enter Health shares a more cost effective option for some. On this episode, I joined Roy Weinberg and Ted Carr of Retire Hoppy to break down what a health share is. Also, who might be interested and what a health share is not.

What is a Health Share Ministry?

I sell Medicare Insurance, so that is my background on health insurance. Because if that, I also look into a health share ministry for myself back in 2015. There’s not a lot of them and I was seriously considering it. What I know about health shares is that you have to be a Christian and they make you sign a document saying that you will live through Christian standards. Also, it depends on what you’re asking what Christian standards are. So, you need to look at the document that you sign if you can actually do that. Let’s say you had an extra-marital affair and you wound up with an STD, so that’s not covered.

The health care sharing ministries are not insurance. They have different rules that insurance does. For example, I have a condition called dystonia, and that is why every 3 months I have to go to a neurologist to get Botox. Health share doesn't cover that neurology appointment. Therefore, it’s kind of a block for me to join the health share ministry.

What Happens in a Health Share?

In a health share, you pay a certain amount each month similar to a premium, but it's called a sharing amount. You have an unshared amount or personal responsibility that you can use to help pay your bills just like a deductible. There are maximum eligibility amounts that determine how much money you can request for individual expenses. HSMs had additional sharing options. It lets you contribute money to other members once they have reached the summit to help them with uncovered costs.

 

If you can live through the standards of the Bible because not all Christians live through the Bible. Just because you call yourself a Christian, it doesn’t mean that you're covered.

After Our Health Shares Episode

After you discussion about health shares, I joined Ted and Roy for their beer segment. I'm a craft beer newbie who’s comfortable with standard light lagers. However, Roy and Ted took me out of my comfort zone with Stone Brewing’s Go To session IPA.

Mentioned in this Episode:

Retire Hoppy

Retire Hoppy Episode 011 – Health Shares and Stone's Go To Session IPA

This is the last episode of this 4-part series podcast, and today we will talk about the Unretirement. You won't find this word inside a dictionary, but the question is why should you a retiree who have worked for many years, consider to unretire yourself? In the first episode of this series, we talked about why it is important to Rightsize Our Homes. The second part talked about the value of owning a second home, while in the last episode we have dwell into why it is the right time to feel contentment in life as we approach our golden years.

These days, many workers who have retired are coming back into the fold. Your life doesn't end at 65 years of age, That is why older workers unretire because many of us derive work as our sense of purpose. People are living longer and because of that they are healthy enough to take on another job that can give them a sense of fulfillment in their career.

Partial Retirement / Semi-Retirement

Kathy Gottberg loves to write. Even though she can already afford to retire, she still does what she loves because it keeps her brain very sharp, teaches her new skills, new technology, which is like learning a new language.

The whole way we look at retirement and work could use a revision. What happens is that so many people have been working at jobs they don’t like.

“Over 50 percent of people think that their job is unpleasant or hazardous.”

No wonder people want to retire and get away from that. But if you work to find a job you liked, that you felt rewarded in, that you were productive and creative, and did something that excited both your mind and your heart, then you don’t need to get away from it. Instead of working for 40 years, hoping to eventually someday to retire so that one day you can sit on an island somewhere, how about all that 40 years you kind of work your way towards finding a work with purpose, meaning, happiness, and contentment?

The younger generation does not like the fact that baby boomers are continuing to work. A lot of the younger generation thinks we are taking something from them. Some occupations have a little competition in them. Younger workers are struggling to find both the jobs and the pay that they want to live and exist.

From Retire to Unretire

Retirement as we know it is relatively in the span of human life, a very tiny blip. It’s only been within a certain amount, not even a hundred years that retirement was a possibility. Until then, when you retire, you had to because you just literally could not work. Somewhere along the line they want to move the older people out and give them a little something to look forward to. That's when retirement was brought up. We’ll give them a golden watch and a little money, and maybe they’ll just go away. That is why Social Security came along and tried to ease that.

The mindset that when you get older, you should just go to a retirement village, park yourself, and just play golf all day is like an outdated mode for our generation, your generation, and the generations to come. With these many people that are getting older, maybe it’s time to rethink of ourselves as still productive with someth...

As we approach our golden years, it is a great time that we feel that contentment with life. No more worries, no more insecurities, and no more busy schedules in life. What you need to have is that freedom to do all the things you ought to do. The article, The Secret to Aging Well? Contentment dwell into the subject that in order for us to age gracefully, we need to have that contentment with life.

Positive Aging

We have always been on the lookout for information and ideas about positive aging. We have so much to learn from the people who have gone before us and are ahead of us and this article is a perfect example of it. There are plenty of messages from the media and the world that as you get older, you lose things and have to be taken care of. Kathy believes that there is still a lot of positive information out there, but it requires a little shift in mindset. We change, we are different as we age, so why not find out what that is, what that means and make the best of it.

The Key for Contentment with Life

One of Kathy’s favorite topics is rightsizing, and that’s creating a life that works for you, that makes you remember what’s important to you. Kathy thinks contentment is another way of looking at happiness that says, can you feel at peace and satisfied? Peaceful and satisfied with how your body is behaving. Can you still be at peace and satisfied to say “Yes I am still taking care of this body, I’m still taking care of my mind and I’m ok with my life the way it is.”

Gratitude is also a key for contentment. If you’re not feeling grateful, no matter what, you will look for the downside. You will always look for that shoe to drop. Instead of saying, “You know it’s not so bad”, just like what the author said in the article.

Blue Zones

There are certain communities around the world that have been identified by a research team to have the people that live the longest of any age group overall, some in Japan, California, and a couple of areas around the world. They break down what makes these areas so unique and why people live so long and happy in these areas. One of the 9 things they all have in common is their “Se La Vie” attitude.

Exercise

There’s a huge pressure for the older age to take exercise to the max. Exercise is important, but it’s not everything, if we’re not equally adding to our mental well-being and our contentment then we will end up old and cranky even though we look healthy because we exercise, it's still not complete if nobody would want to be around us.

Socialization is one of the Six Pillars

The most important thing aside from having a good retirement is socialization. Many people though retired they kind of become reclusive. And even though you are into social media, that's doesn't help with your socialization. In fact, social media decreases the quality of face-to-face interactions. Most people are not having intimate conversations and interactions with each other anymore.

3 Things that keep Kathy from feeling contentment with life

* Comparison – We compare ourselves to others and decide in a way that they have more and I should have more. Or life isn’t fair because this is not equally this. And she feels more healthy than I am. We make ourselves crazy and unhappy and then we spread that unhappiness around. Comparison is the thief of joy when you’re comparing yourself with others.

* Worrying – We create these dramas and all these worrying going on in our heads and then we spread worry around. A worrier or Debbie Downer can make you feel miserable.

The value of owning a second home can be very rewarding, fun, and tempting. You can buy it in your own city or that vacation spot you are longing for. It can also be a bad idea to purchase a new home. Today's episode talks about Tom Sightings article on Do You Really Want to Own a Second Home? and it details the pros and cons of owning a second home. It could be a great investment or it could become a drain on your retirement finances.

The Need for a Second Home?

My co-host for this episode Kathy Gottberg lives in the Palm Springs area of Southern California. It is also a dessert but not as humid as South Carolina where I live and the weather in Palm Springs is about 115 degrees. But instead of being there experiencing that heat, she stays in a mountain cabin that she and her husband rent every summer for a month. They’ve been doing it for 23 years. That is why they always get the question of why don’t you buy a second home because you go there every summer for a month? People may not realize the downside of buying a second home.

Also, coming from a real estate background, Kathy has two thoughts on that. One is people got into homes that they honestly could not afford. They were bigger, fancier, more expensive than they could afford. That was a huge portion of what happened with the housing crisis. Banks were not helpful at all; they were making money, and they gave loans to people that they should never have given them to. So, what is the value of owning another home?

Renting Can Be Another Choice

In certain cases, rather than buy a home that you can’t afford, renting is probably a better choice. But if you’re like Kathy, just like what she said in the last episode, she and her husband bought rightsize, so they bought a smaller home, free and clear, and they made it as energy efficient as possible. They don’t have HOA dues, and their utilities taxes, insurance, and everything is less than $300 a month.

The value of having a home is good security for seniors to know that they’ll have a place that they can live but the problem is that if you’re barely making it now in your home and you have a huge mortgage, that will go on for another 30 or 40 years, and you're in your advanced age. It will not be a rocket science to figure out that that will not work, that’s a recipe for disaster.

Value of Owning a Second Home

The value of having another property is that you can use the property whenever you want, which is true. It’s so tempting to think you can go over the mountains where your property is and use that property. But the downside to it is how often are you going to use that property because life gets in the way. Before you know, you got a thousand of things on the plate and you can’t get to it. Also, you’re tied to go to that one place rather than having the freedom to go to other places that you haven’t gone to.

Though there are many people who like to travel, there are also many people that are home buddies. Many people are just happy staying home. And even though if they’ll have a second home, Kathy doesn’t think they’d be excited about going to that second home because they just want to stay home. That is because they have the value of having a life, a family, and experiences right where they are. Buying a second home won’t make them happy either, and they won't have the value of it.

RVs and Boats

I have friends that travel and they literally live in an RV. But there are also people that I know that buy an RV and then it just sits in the yard and they never use it. These things are so expensive, we’re not talking about the price of a car; we’re talking about six figures for these RVs.

Kathy and her husband borrowed an RV from her parents and w...

Rightsizing or Downsizing?

The size of our house is critically important when you are rightsizing. The reason Kathy called it rightsizing rather than downsizing is that she thinks it’s all very individual. What’s right for you might not be right for me. Also, rightsizing isn’t a sacrifice; instead of a downgrade, it’s an upgrade. The article, Think you need a 2000 sq ft house to be comfortable? Think again! talk about the benefits of rightsizing for you and your family.

Unused Spaces

A vast majority of us live in a tiny percentage of our actual square footage. Mostly when people come over, we just hang out in the kitchen or dining room. But the guest rooms or all these extra rooms and anything formal gets seldom used. That’s where so much of the square footage of the house goes to all those things that aren’t being used.

In my old house, we had a parlor, a formal dining room, and a breakfast area. We only used the formal dining room 3 times in the whole 10 years that we lived there. I never used the parlor; My husband would go in there sometimes to play the piano. These were probably 600 square feet that we never used.

Rightsizing Will Work for You

It’s actually a habit of buying bigger houses. When you started looking, you think in your mind, “Oh, I need this much space I’ve always had.” And Kathy thinks it’s very common for us to think, “If you are a hammer, everything looks like a nail.” You are so used to looking at what you have become comfortable with. You don’t think, “Maybe you don’t need all that much space. Maybe I should look at homes that are much smaller than I’m accustomed to.” Kathy started out with a 2,400 square foot house and they ended up buying a 1,400 square foot house. She didn’t even think there’s any way in the world that she could live in a 1,400 square foot house. But now she can’t imagine living in anything bigger because they definitely rightsize into it.

The Secret About Bigger Houses

Builder’s make more money when they sell you a bigger house. When they go mapped out a development, they want to squeeze as many houses as they can on the deluxe that they can get. Also, the bigger the house, the more they sell for it. Most houses sell for price per square foot. They’re very invested in trying to get you to want a bigger house because they make more money out of it.

Rightsizing Means Fewer Expenses

When Kathy downsized, she used the equity in their house and paid off their home, so it’s free and clear. She would rather have a tiny house rather than 2 or 3 times more and have a mortgage on it that you constantly have to keep paying on.

Our HOA fees are $285 a month, meaning that we moved for a more expensive area. Les and I moved to Sun City for the amenities. We have a 4-part series on our search for our new home. Here, they have great amenities; they have over a hundred clubs. That’s why we moved here. And also, I’ve met a ton of people, but you have to pay for everything.

Let Go of It

It’s all the other stuff that we have to let go of including the square footage of our houses. Kathy listened to one of our episodes about Multigenerational Living. In Kathy’s words, loneliness is a huge problem as people get older. That is why having people around you is a great way to use the space in your home. You can also rent out rooms or bring in family members. There's a lot of ways you could still keep that house. That is rightsizing for you but it’s not eating your lunch or it’s not just setting their dead space.

If you listened to the previous episode in this series, you’ll remember that retirement is a new idea. The first episode of the series discussed that. The second episode discussed that so many baby boomers aren’t really planning on retiring until they are physically unable to work. Then, the third episode talks about maybe we don’t ever want to retire. Today’s episode discussed why you might want to hire some of the people who don’t even want to retire and have better skills.

The article, How hiring the over-50s is the key to beating the skills crunch, talks about the shortage of people with better skills and hiring the older worker will help.

It's a WIN-WIN for Everybody

Basically, hiring older people is a win-win situation in the workplace. Because here are these experienced workers and big employers who are looking to fill positions with people who know how they can jump into the job and takeoff. These experienced workers have the wisdom and better skills to really take that job, that position and that company forward. This skills crunch isn’t just experienced in the US but all over the world. We have people that are willing to work but does not really match the skills that the business needs. Part of it also goes to age discrimination.

Ageism is Based on Old Mindsets

Those old mindsets are based on myths that somebody is going to retire, and as soon as that person retires a younger person will come and build it up. But the misconception is that the time to train, the time to get them up to speed will cost more. You have this person that’s seasoned and he/she has been there and is getting so much money. Part of the problem of the companies 10 years ago is that when they don’t have enough money anymore, they forced the older people out. They just hire younger ones because they are cheaper. Society, employers, and corporations are starting to realize that it wasn’t the best idea. They had this experienced pool of talent and now all they have are these younger people who are capable but just not there yet.

10 years ago layoffs, forced retirements and early retirements were highly encouraged. Now they are realizing that these persons have better skills and knowledge. So, what happens is they get to hire them back as consultants.

In the UK there’s a Government initiative called, Business in the Community Age at Work Leadership Team, which was started in September 2016. The initiative’s aim is that every UK employer should increase the number of workers aged 50-69 in the UK by 12% by 2022.

Kristen thinks the UK is leading the path with this because of number one, the skills crunch, and two, the talent pool. They are realizing that’s the hot age group that they want.

Better Skills, Better Mentors

The article also talked about not only their skills but their ability to mentor their younger colleagues.

“They have often worked for multiple employers, in a range of environments and with a variety of management techniques so they have a valuable sense of perspective and resilience, Combining this with the fresh new skills, ambition and energy that younger colleagues are recruited for is a real recipe for success.”

We talked about multigenerational workplaces in episode 1. This is what the article talks about, bringing the generations together. They'll be able to have this synergy that you don’t get when you have a single generation workplace.

Why is it so Difficult to Break Through Retirement?

The concept of retirement cannot be achieved in today's world without having the appropriate planning and funds in motion well before you reach retirement age. One of the problems is we’re stuck in a rut. It works for our parents it worked for our grandparents. But when you look at the whole picture of life, that was only a very short period of time. Things change but we are reluctant to change. That is why, when the economy went flat, we were trying to hold on to what we believe in, what we were groomed for and it wasn’t going to change.

This has happened in the past as well. If the people's concept hadn't changed, we would still have people who were building a horse and buggy.

The Concept to Retire Retirement

This article, Should We Retire Retirement, is very pro on not retiring and it talks about, baby boomers aren’t really taking jobs away from people. But there are also many articles from millennials who do say that baby boomers not retiring is taking something away from them.

Kristen thinks that this concept is just a myth that goes 2 ways. The younger generations are figuring that if the baby boomers don’t retire and get out of their way, they can’t advance. But the older generations are wishing to get a job so that they can go back into the workforce, but those young whippersnappers are taking the jobs. The truth is that there are so many jobs out there than there are people of any age to fill it. We just need to go and get that out of our mindset, same with employers as well. Because employers have the concept that if you’re turning 65, you’re going to retire soon. The problem is we’re all battling myths, so we just got to let go of that.

Rate of Unemployment in the States

In January 2019, the US unemployment rate grows slightly to 4%, up from 3.9% in the previous month and slightly above the expectations of 3.9%. When you’re looking at this unemployment rates between 16s and the early 20s, and then the 30s, 40s and beyond, there’s no wide divergence in there. Even with the economy falling 10 years ago, everybody who wants a job can get a job. But there are so many factors to consider when you’re looking at those unemployment rates. Those who are 16 and in their early 20s are still in school, they may be just taking seasonal jobs such as babysitting and lawn mowing and then those older employees, they’re starting to come back, but you also have to look at the ones that are done and doesn’t want to work anymore.

You Life's Purpose Is What Will Make You Happier

Just because you are getting paid for something, doesn’t mean that is your concept in life. Kristen’s life’s purpose is probably writing, whereas when she was working for pay for somebody else, she was getting paid for that but still I don’t see that as being her life’s purpose. That is why we need to separate what we are paid to do and what our purpose in life is.

Since the economic downfall, people have taken a whole new approach to what it means to grow up. That is why we need to redefine work. Because we’re so used to thinking of work like that, “we have to do this, we have to do that”. But most people that Kristen have interviewed who were above 50 have said that they should have done this all along because it makes them so much happier.

The Concept of a Better Place for You

Do you think the world would be a better place if we gave up the mindset of we have to do X, Y, and Z and instead turn it all around and find out what is our life’s purpose. Maybe it is an attorney, maybe it is a doctor, maybe it is a plumber or a teacher. The point is, is that really what makes your soul sing? How do you differentiate the work from what you have to do, to what you really want to do that fills your purpose.

I think there’s a place for both.

65 is Not the Right Time to RETIRE

The reality nowadays is that Baby Boomers have turned its back on the belief that 65 is the right time to retire. As a matter of fact, most of them want to work well into their 70s or their 80s or even yet, they might never retire. Baby boomers are born between 1946 and 1965. So, most of them are now in their 70s and the youngest would be 54. Boomers will definitely hold a lot of the most senior and best-paying jobs in the workplace. But some of them won't retire, simply because either they haven't saved up yet or are just not ready to hang it up.

5 Generations in the Workforce

With the trend of those people in their 60s, 70s, and even 80s deciding to stay with their jobs and never retire, it resulted in a new occurrence of more generations in the workplace. That is why today, many workplaces are composed of five generations:

* Traditionalists – born before 1946

* Baby Boomers – born between 1946 and 1965

* Generations X – born between 1965 and 1980

* Generations Y, or Millennials – born between 1981 and 1995

* Generations Z – born between 1996 and 2012

That mixture will certainly provide benefits in terms of the wide range of ideas and knowledge from a broad group of people that can actually serve the workplace well.

Bridge Jobs: Why it Might be Ok to Never Retire

The article, Report: 85% of Baby Boomers plan to work into their 70s (and even 80s), talks about something called bridge jobs (e.g., teaching, social work, counseling). Basically, it’s a bridge between full-time work and retirement or a temporary or short-time job right after your full-time career. People who are attracted to these jobs are usually people who aren't fully ready for retirement. In addition to teaching, social work, and counseling where they have more say over what they’re doing, there’s also second careers such as real estate agents, driving, music, or writing.

Those bridge jobs are like we’re looking at what we’ve done in our past, 20 or 30 years in what every field you did and seeing an opportunity that will open up to us. The big question in this matter is, what do I want to be when I grow up? Because we are now allowed to ask ourselves that question once again. You don’t have to be 10, 20 or on the verge of entering college for that matter.

What's Going to Happen to the Younger People?

We have so many people that want to work. So, what's going to happen to younger people? The generations X, Y, and Z? Do you think it’s going to be difficult for them to find a job because of this?

That is one of the fears and myths that exist. There are a lot of job openings, job availabilities and they’re going to be looking for different classes of workers. Those jobs are not going to be limiting one or the other, especially if you’re doing a bridge job. If I get a job as a real estate agent, that’s not going to prevent a young real estate agent from entering that field. If I get a job working for Uber, that’s not going to stop a younger person from working for Uber. And if I’m writing, that’s not gonna stop you from writing. That is because we’re going to have different styles.

Why are People Choosing to Work Longer and is it Going to be a Problem?

It’s in our own minds that we think that if there are many people who chose to never retire, it’s going to be a problem. These are fears that are established from somewhere that just don’t have any reality in life.

There are negative misconceptions around older workers that must be dealt with. One persistent idea is that boomers are standing in the way of younger talent moving up in an organization.

Social Security Then and Now

When they brought up Social Security, life expectancy for men was 58 and it was 62 for women. What they did is they made the Social Security retirement age at 65. If social security now was similar in concept to social security then, you wouldn’t even start receiving it til’ you’re 85. As what our co-host Kristen Edens said, we already know what’s happening with them, because they are considering to increase it to 70, 71 or 72. A lot of people are realizing that they can’t rely on those services, those things that our parents and grandparents relied on. That is why, in the last few years, there’s been this massive shift of, “I’m gonna take care of myself.” Not really fully relying on 401ks, pensions or Social Security. Today's episode will have some insights on Mike Drak's article about, Where did the idea of Retirement come from?

Why Retirement is Being Brought Up?

The Social Security, pensions, and your own savings used to be the 3-legged stool for you. But nowadays nobody has a pension anymore unless you work for the government. People lost a bunch of money in their 401k plans. Things like these aren't being brought up that much. What they did when they lose all that money is they move it all to cash and then they lock it on all those loses.

People won’t hire people that are older. You’re kind of forced out when you hit a certain age. So many people tell me that after they hit the age of 50, they can’t get a job and you don’t get your social security til’ you’re 65. So, what do you do? Why will the idea of retirement be brought up in the first place?

10 Years of Change

The last 10 years have proven to be very fascinating because of the change of mindset in society, employers, and corporations. 10 years ago, layoffs, early retirements, forced retirements were just rampant. Anybody over 50, they were out with just a small early retirement bonus, which is not enough. But, as we all know there was this massive concern on unemployment, what’s going on and what are we going to do? What people did was, they found side gigs, do freelance, entrepreneurship and find jobs that would accommodate them.

Now, employers are realizing that there’s a lot of wisdom, experience, and knowledge that these older people can bring us. That is why we're brought up into it again.

Unity Between Multigenerational Workforce

We are at the point that we need the tech knowledge, the digital nativeness which is very popular with the younger generations but we also need the wisdom, the experience and the dedication of the older generations. Also, employees who know how to deal with people face to face.

I love the idea of multigenerational workplaces. It’s just not in our world but also in the world for assisted living where they are trying to bring the old and the young together. This has brought up much help for people learn something from different generations under one working environment. They’ve done some studies where it helps both all of the generations where you have different ideas and them coming together and just communicating.

Disadvantages of Working Longer or Not Retiring

If you’re not passionate about your work or if you’re working in a job that is physically demanding or stressful, the idea of continuing work is not very pleasant. Also, if you are working in a physical job (eg., construction worker, waitress), it might not be possible. Older workers can also make it more difficult for the young to get their foot in the door when they are not retiring.

If you receive Social Security benefits before retirement age, there is a significant penalty. Also, if you receive your Social Security benefits while you’re still working, there’s also a penalty.

About Our Co-Host