July 08, 2007
Yeo Toon Joo, Peter said:
Retire early and die young. That was what I had been led to believe some years ago. But now another study says the later you retire the shorter your life.
Statistics, including Boeing Aerospace’s, support the second conclusion, i.e. people who are still slogging away at the daily grind after 65 usually die within 18 months of retirement. Those, like I, who retire at 55 or earlier, tend to survive into their 80s (see summary of study below).
The study of Boeing’s retirees show that an employee loses on average two years of his life span for every year he remains at work beyond 55!
Recommended by at82: "Does that mean that I might not be able to get my CPF back??"
May 03, 2007
Stressed Teacher said:
If I was your boss, I would never in my life share such thoughts with you. That last thing I want is a worker who is sufficiently wealthy enough to retire. Who on earth is better to work hard for me, than a fearful guy who needs that salary to feed his kids and aged parents? It is great to have a tight grip on his balls, and I sleep even more soundly at night, knowing that in spite of having his balls squeezed by me, the worker comes back for more.
All because he needs that pay check, and he is probably living from pay-check to pay-check.
How far away are you from filing for bankruptcy, if you suddenly lose your source of income or see it slashed by half? If you answer lies within a period six months to one year, you really need to reassess what the hell is your aim in working.
Recommended by at82: "It is Labour Day again. How much longer do you have to labour on?"