Some people believe 60 or 65 is the most reasonable age for retirement due to several causes. Firstly, to work and to retire is citizens’ obligation and right rather than simple individual choice to some extent. If every one could decide when to retire by themselves, it is hard for the government to ensure a productive and healthy workforce. Secondly, the state pension system is operated on an age basis. In particular, people are allowed to receive pension after an intended age instead of from when they retire. Therefore, the pension could be made best use of when people retire at a certain age. Thirdly, the work-induced stress may lead to health concern for the elderly over 60 or 65, such as cardiovascular disease, high blood pressure and insomnia.
However, others argue that people should have the right to work as long as they like which is arguable from some perspectives. The senior citizens who insist working tend to be more energetic and confident with highly-valued experience and wisdom. This is specifically well-illustrated in knowledge-based occupations such as teachers, professors, doctors and lawyers. Moreover, some people argue that if some great minds like scientists or politicians retired at 60, it would be a loss for the society as a whole.
In my opinion, people should retire at 60 or 65 as a norm to keep a balanced workforce for the nation. Nevertheless, there could be exceptions for special careers especially some top experts in various fields if they prefer to work longer.
You May Also Find These Documents Helpful
-
Getting older can bring new challenges to life. Challenges that most will never fully understand until personally experienced. What we once were able to do gracefully now nrequires assistanvce. Independence is gradually being removed and sometime taken. Acceptance can be extremely difficult to a person who feels there is more left in their tank. Although retirement is enevitable, and exciting and productive life can still be lived if properly planned and resources are used effectively.…
- 838 Words
- 4 Pages
Better Essays -
Candidates discuss various issues and one of them is related to the economic welfare of retired and older citizens and workers. They are losing their incomes and the current economic situation affects this part of society deeply. When we evaluate the issue in terms of “Stages Model”, at legitimation stage, in order…
- 1160 Words
- 5 Pages
Better Essays -
While retirement might have disadvantages for people, for others being a retired individual can have different advantages that a normal working person does not have. As mentioned in the essay My Mother Never Worked by Bonnie Smith-Yackel, Yackel mentions how her after retirement workers can receive a monthly income from social security benefits. Men and women are able to retire at the age of sixty five, but some decide to continue working for a few more years. People who retire have a better chance of traveling the world since they no longer have to worry about going to work or asking for time off. They can visit family members who live far away as long as they have no health issues and can still take care of themselves. Retired seniors…
- 1470 Words
- 6 Pages
Good Essays -
Retirement can be an enjoyed time for some older adults as they see it as the first time since childhood they are able to do the things they want in life without worrying about the limits caused by a profession. Others will struggle to figure out to do with all the extra time during each day. Depending greatly on the attitude a person had toward the many years spent employed and the ability to continue financially supporting the extracurricular items they would like to partake in during…
- 1514 Words
- 44 Pages
Better Essays -
During the last couple years of their careers before retiring, people usually enjoy salaries and bonuses that are larger than at any other point in their career. As a result, money is rarely a major concern. However, many people fail to save that money. Instead, they spend it on vacations, their families and in the pursuit of living fun lives. This can lead to a rude awakening when they retire. Because they have not saved much money during their career, a lot of people discover that they do not have enough money to live comfortably during their retirement years. When they retire, they no longer earn a salary. They no longer receive bonus checks. Instead, they are forced to live off the income that can be generated by the investments they have made throughout their lives. Unfortunately, many have not invested any money that can generate this income. Other Baby Boomer issues complicate this money problem. People live longer lives today. When a Baby Boomer retires, he can expect to live many years in retirement. In the past, a 65-year old man could expect to live 10 years in retirement before passing away. The financial requirements of living comfortably for these 10 years were manageable. Today, people use a life expectancy of 90 to 95 years. That is, when a person retires at 65 years of age, he can expect to live up to 30 years in retirement. With dwindling health, rising health care…
- 537 Words
- 3 Pages
Good Essays -
Society, in return, sees the what is fixing to happen and gets ready to function without them. Men and women do this differently. Men tend to have a larger impact through their careers and women have it with societies. These societies tend to be socio-emotional in nature. When they retire, they tend to lose skills and knowledge.…
- 612 Words
- 3 Pages
Satisfactory Essays -
In addition to the case study, the second part of this project discusses about retirement planning, taking the findings of the case study into consideration. The discussion includes the importance of planning after retirement at early stage of our life. Also five guidelines for good retirement plan are addressed at the end.…
- 3576 Words
- 15 Pages
Powerful Essays -
Old age can be defined in many different ways and can vary greatly depending on who is asked to define it or what the reasoning behind the definition may be. One commonly used marker for defining old age is chronological age. When using this method, one might define old age at 65 when a person is able to retire or at 50 when a person can join AARP, the largest senior citizen organization. In an article from the American Society of Aging (Altman, 2009), old age is defined by a quote from 1912 which states:…
- 3055 Words
- 13 Pages
Powerful Essays -
In 1946, America received its first round of baby boomers that continued for the course of 18 years in which more than seventy-nine million babies were born. With that being said, most of the first round of baby boomers are turning 66 this year while the last flood of baby boomers will turn 48 (About.com.Geography ). With this becoming a reality for many employers it is no wonder that management faces many new challenges. However, this challenge is around to stay. Many employers are faced with the first wave of baby boomers to have faced retirement last year and many more to come in the following years. This is alarming because in order to receive full retirement benefits you must be 65, however, you may start receiving benefits at the age of 62. In 1983, the government passed a law making the retirement age gradually higher until those born after 1959 will need to be 67 to receive full retirement benefits (Social Security Online). The havoc this creates for management is the fact that it with the retirement age increasing it means that employers must find way to keep the aging workforce satisfied. With this comes many challenges including learning how to manage an aging workforce, training the elder employees to ever changing rules and regulations, and training the new employees that are taking over positions.…
- 1793 Words
- 8 Pages
Powerful Essays -
If one had the prospect to cease work up to the point of grasping into the age of 62 to receive full retirement benefits, would they? Or is there such a suitable chance of just reaching retirement age more satisfying? One who is devoted into a occupation and willing to stay within a company for the appropriate amount of years. In most systems, shorter-tenured workers’ influences help subsidize benefits of longtime employees. Many of these short-term labors lose money because the interest from their annuity is a smaller amount of what they could earn by investing money on their own.…
- 478 Words
- 2 Pages
Good Essays -
This is especially true for the employment sector, where employers have failed to take advantage of the skilled labor force available from this population. Often, employers perceive older adults as fitting into one profile, not realizing that similar to the rest of the population, each senior citizen is unique, has unique skills as well as capabilities and needs. When this is taken into account, it means that some employers have been able to carefully select older workers to fill specific positions within the organization. I myself have had the privilege to work in various organizations during my senior years and had the opportunity to positively contribute to the wellbeing of society. Individuals aged above 50 years old are still running large companies in senior management positions while others are still able to work in labor intensive industries such as manufacturing and…
- 923 Words
- 4 Pages
Satisfactory Essays -
The majority of seniors look forward to retirement, and last day on the job is a joyous occasion. All seniors should have a solid financial plan. More than 40 percent of seniors have at least one savings account. A large percentage of seniors have 401k savings accounts. Individual retirement accounts are also common among seniors. Some senior citizens receive money from an annuity or a pension. Almost 25 percent of private-sector workers have a traditional pension. Most seniors have less than $70,000 saved for retirement, and more than 50 percent of senior citizens receive half of their income from Social Security.…
- 585 Words
- 3 Pages
Good Essays -
The salient fact reveals that people are aging at a faster rate with noticable noticable results and elderly poulation growth shows a distinguish comparison to the younger population. Findings and research efforts of analysts reveals several reasons for this cause, including people having fewer children, less available care for the elderly and people are living longer. This matter is one that I consider crutial and it should be consider by all interested parties globally. Including the more developed as well as developing countries, where growth in the elderly will present more challenges of population aging in the near future and immediate forecoming decades.…
- 780 Words
- 4 Pages
Good Essays -
Moreover, the number of unemployed old people is going to rise. Improvements in health care and medicine make people live longer than they used to be. Katie Allen writes, "By 2020 a third of the working-age population will be over 50. If employers are reluctant to hire them, there could be huge costs in benefit payments and lost spending power. There is also the loss to employers as they struggle to fill vacancies" (The guardian).…
- 695 Words
- 3 Pages
Good Essays -
Cited: Associated Press. (2004, September 7). Ageism in America. Retrieved March 4, 2011, from MSNBC: http://www.msnbc.msn.com/id/5868712…
- 881 Words
- 4 Pages
Good Essays