Reason 7: Support their families
People used to expect their children to reach the age of 18 and be able to leave the nest and make a living for themselves. Those days seem to be from the distant past now, and this is part of the reason why seniors choose to continue working.
More and more parents choose to keep being employed because they can help their children by doing so, despite their official status as adults. It may not seem like a good reason to you, but the financial situation of their kids may be dire, and most parents would do anything they could to help their children.
This situation will not last forever, and some seniors do not mind continuing to stay employed just to help their kids through rough times. Even so, you should not put your retirement and health on the back burner because of this.
And if you want to know more about the best places to retire with little to no savings, we recommend you read this article for the best states for retirees!
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.