The Proactive Solutions Blog

Early retirement might be in your future

Posted by on 04.20.16

Think you can continue to work as you age? The answer may depend on your profession.

People in so-called blue-collar occupations are significantly more likely to retire early than those with office jobs that require less physical strength.

That reality informs debates over how to shore up finances of the Social Security system. Some experts argue that raising the retirement age would save money, yet critics counter that it would hurt lower-income workers more than higher-income employees who are better able to afford to wait to collect benefits.

Maybe so. However, a recent study from the Center for Retirement Research at Boston College found a more nuanced reality: A surprising number of office jobs also requires skills that are highly susceptible to age-related decline. The researchers' ranking of different jobs' susceptibility was a loose predictor of when people were likely to retire early.

Click the link below to read full article