10 Benefits to Delay Your Retirement

If you are fit and healthy, it is wise to delay your retirement. Working longer is beneficial financially, physically, psychologically, and mentally especially when you enjoy doing what you do and are happy about it.   

1.      Live longer: We are now more health-conscious because we have access to vast information on aging and healthcare. It means we will live longer than before. However, living longer in a world of inflation with the burgeoning cost of medical expenses is very challenging. Will your retirement fund outlive your life or you outlive your retirement fund? Do not be surprised if your retirement years are just as long as your working life, if not longer. The only solution, if you are fit, healthy, and employable, is to work longer.       

2.      Get paid and do what you enjoy doing: If you enjoy doing what you do why not continue and work for a few more years? After all, you are paid to do your job.   

3.      Delay dipping into your retirement fund: When you get paid every month, you do not touch your retirement fund. Instead of getting depleted, it grows.

4.      Maintain your lifestyle: You do not need to adjust your way of life and trim your expenses because you do not have a regular source of income. You continue to live life as you used to be with a monthly paycheck.

5.      A self-esteem booster: When you look around people of your age they have nothing to do but to engage in idle chitchatting to pass the time at the coffee shop and yet you are gainfully employed. It’s reassuring to know that you are still productive.

6.      Delay brain aging: Working is the best for your brain to stay sharp, active, and healthy.  Bear in mind that you are able to keep your job because you still can contribute and perform.

7.      More time to grow your investment: Investment is not a get-rich-quick scheme. A good investment like blue chips takes time to appreciate in value. When you do not liquidate your investment to fund your retirement, you allow your wealth to increase in value. 

8.      More time to save even more: While you are employed, you and your employer continue to contribute to your retirement

scheme. It means you are able to save and earn more interest. 

9.      Stay current: It is an excellent way to keep up with everyday changes. According to an article, Learn, Unlearn And Relearn: How To Stay Current And Get Ahead,  Since change is the only constant you can truly rely upon, learning to navigate and adapt to it is not just important to your survival, it’s essential for you to thrive in the bigger game of life. Learning new things is fun, exciting, and life-enriching.

10.  Fulfilling life: When you are employed you continue to take part in social engagement and maintaining friendships. Getting connected is a big part of a meaningful life.

Conclusion

It is necessary to sustain healthy habits like daily jogging, mediation, and getting sufficient sleep every night to unwind, relax, and control stress. Drink plenty of water and eat healthily to nourish your system and provide energy to work hard and smart.