Reason 1: Worrying over income
The main reason that older workers end up staying in their jobs is income security. And if you don’t end up retaining any other information from our list, we are sure this one will stick with you. After all, even if you’re older, you know just how valuable fixed income is, and losing those hard-earned dollars could be a pretty big hit to their financial security.
Finally, you may be wasting money without even realizing it, and losing a job you’ve had for decades can be a big blow and change that many seniors don’t think they can handle, no matter how many savings they may have.
I will be 69 in December and I still work full time including an additional 5 hours on Sunday for overtime. I do plan on retiring in December 2023 or February 2024. The reason that I haven’t retired yet is because I want to wait until I am 70 years old to be able to get the full benefit maximum amount from social security. I am eligible for full pensions from my company as I have been there for 31 years. Right now I still enjoy working and when I retire I really would like to travel but I need to find a travel companion to go with me.