The sky is blue, water is wet....
There are some problems with the Eternal Work Plan:
Working until you drop just isn't as much fun as it sounds.
You may have difficulty finding or keeping a job that you'd want to do at that age. The American Association of Retired Persons found in a recent survey that 80% of those responding had encountered age bias when job hunting.
You may not be able physically to work as long as you'd like. The number of disability claims rises sharply as people age. Data from the Social Security Administration indicates that 63% of disability claims were filed by those 50 and over.
According to Elise Gould, a labor economist at the Economic Policy Institute, many people stop or are forced to quit working long before so-called retirement age. Some people are wealthy enough to retire early voluntarily, Gould acknowledges, "but that's not true for the vast majority," she says.Rather, health problems and other life events, like needing to care for an aging relative or spouse, often prevent people from working. "There's also the fact of age discrimination in the market," she adds.
Duh! Could the possibility of one problem and one reason for that problem be found within a paragraph of each other? Let us be reasonable here. Even menial secretarial work can be very hard on a person who is over 70. Plus the fact that a lot of these people want to start out at a very high pay grade, and are highly medicated they can be rather costly to employ. It will be much harder to obtain a job in the far future so you need to find a good one and plan ahead from the get go. Another funny thig is people don't realise but when someone is disabled out of a ob that employer has to pay for an employee who is no longer at the company. That is what creates "age biase."
I am getting into a job that won't neccesarily be awesome for retirement, but I have guaranteed employment and the retirement benefits are the best for state workers. If I was really smart I'd get into a field in a higher value state where income is more and then retire in Kansas. But I don't want to move around a lot.