10 Reasons Not to Retire

Believe it or not, retirement doesn’t always improve your quality of life

April 23, 2012 RSS Feed Print

Pass on your skills. A recent Society for Human Resource Management and AARP survey of employers found that 72 percent consider the retirement of talented older workers to be a potential problem for their organizations. "Older workers have a lot of skills that these companies are in need of and are having a hard time recruiting for," says Mark Schmit, vice president for research at the Society for Human Resource Management. "The knowledge drain that could happen when these people retire could be very dangerous."

Job perks. Many human resources managers say they are taking steps to retain valuable older workers, including offering flexible work arrangements (27 percent) and designing part-time positions to attract older workers (24 percent), SHRM found. Some companies are also hiring back retired employees as consultants or temporary workers (30 percent). "They are doing phased retirement, where people don't retire on the spot, but phase out on a time schedule that works with their schedule," says Schmit. "They might do flex start and finish times or flexible break and allowance time for people who need more frequent medical visits or to care for a spouse who needs them or just to take care of the grandkids."

You like your job. The last time you met someone new, one of the first things you probably told them about yourself is the type of work you do. For many people, a big part of your identity is your career. Hitting retirement age is no reason to give up a job you love.

Twitter: @aiming2retire

Tags:: employment,; retirement,; money,; corporate culture

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Amen! to this article!

Barbara Richards of NM 9:52PM January 17, 2013

I would like someone to tell me and explain why we shouldn't sue the federal gov. for taking money out of the s.s.i. This was set up for the individual for thier retirement.The Feds had no right to borrow from this. In the early '90's' it was in a surplus of over 3 billion dollars and now is almost broke. When I borrow money, I have to pay it back with interest. I say this needs to be done and the only wa is to start a law suit against the Fed Gov. and make them pay this mone they borrowed back and sta the hell out of our retirement,since, we the people pay very dearly for thier retirements and maybe that needs to stop.The politicians should have to depend on social security and then we would see a big change. Most of these people are very well off and do not need the retirement from a job that continues to take from the poor and give to the rich.

Darrell Hopkins of MT 12:38PM October 20, 2012