18: The Benefits of Retiring Late. It Can Be Great!

Caleb and Riley discuss retirement timing. In other words, what does the research say about the best age to retire. There tends to be a lot of negativity around retiring late; perhaps people feel they have failed if they don’t retire early. Retiring late however can be a winning a strategy, take Warren Buffet for example, still working at age 91. There are many benefits to retiring later and they aren’t just financial, so let’s get into it! Learn more about:

• Walter Orthmann, who holds the Guinness world record for having the longest career at the same company and just turned 100 years old last month.
• The financial, health and Psychological benefits of delaying retirement
• Trends in retirement timing from semi-retirements to multiple retirements

Memorable Quotes:

• “Working longer is associated with lower mortality, depression, and diabetes risk for both men and women using linear regression models.”
• “The U.S. and Canadian workforces experienced the highest levels of daily stress globally in 2020. Employees in these countries reported stress levels of 57%”
• “Turns out humans are notoriously bad at predicting what will make us happy. We make our decisions about the future based on our past experiences, and on our present priorities and ways of thinking, and then by the time that future happens, it ends up being much different than we predicted.”

Resources: You’re Likely to Live Longer If You Retire After 65 Working later in life can pay off in more than just income How Does Delayed Retirement Affect Mortality And Health? Here’s how much more money you’d have if you delayed retirement until 70, according to Stanford researchers Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts