Every once in a while there is an uproar in societies concerning retirement. Governments decide to push age when one is eligible for pension further and further away and many people ask themselves whether it is better to retire now, when they can do it, and get more of a spare time or to postpone this decision and get more money out of it. It is a very serious issue and many elder people face it waging advantages and disadvantages.
One of the most important factors that push people toward the decision of early retirement is a possibility of actually having a free time. Throughout the years people who were working eight hours a day, often in irregular hours simply do not have time to pursue their hobbies or settle down a bit. Work was their life, everything else was just an addition but there was not enough time to commit to anything beyond job. Private life, friends, dreams had to be put aside but by retiring early it can all be reversed.
What is more, thanks to early retirement people can limit stress and as a result have a better health condition. It is no secret that every day at work is a constant period of pressure from clients, boss and one’s coworkers. It is a rat race to be better, faster, more efficient. All these can lead to heart failure, especially in mid 50’s and 60’s, strokes and other major disorders. By retiring as soon as it is possible one’s is capable to simply life longer.
On the other hand working for a few years longer, later one gets much better pension. Because of this, it is not a problem to afford a journey one has been dreaming whole life or get that “one” car. Moreover it is always nice to buy presents and gifts for christmas for children and grandchildren just to see them happy. Money is important, if not the most important so most people choose to work for a couple more years and lead more comfortable life later.
Furthermore, it is important to look not only at yourself but also at one’s friends. Many of them may still be working so it won’t be possible to spend time with them anymore and what is even more important there will be nothing more to talk about. Most people can chat for hours about their work but once it is no longer a common topic, what is left to talk about?
There are both advantages and disadvantages of early retirement. People differ between each other and there is no definite recipe that says whether it is better to stop working early or not. Every one of us is different and has different priorities. For some it is money for others free time to spend with friends but in these troubled times people that have this choice should consider themselves lucky.