Early or Late Retirement?

The writing is on the wall for retirement at 65, that’s if Ian Duncan Smith gets his way. He says that “Most workers want to work on when they reach 65”. It seems that he has the age of 70 in mind for retirement for most of us. He insisted that higher life expectancy meant people should, and usually want to work for longer before taking their pension.

Whilst I agree that some especially those of his ilk who have never had to do a day’s hard work in their lives might want to work on, but there are others that who are just not capable or just might not want to. Perhaps they might want to spend the autumn of their lives enjoying their family.

In my opinion it should be left to each individual to choose for their selves and those who choose not continue on should not receive any financial penalty for doing so.

Phil