When is the time to retire?

江南雨瑶 458 浏览 2022-07-24 更新 2022-07-17 发布

By H.Y
At my age, 28, I am not thinking about retirement, but I am certainly thinking about how I am going to support myself when I get to that age. The normal retirement age in the United States is 67, and the early retirement age is 62. The United States encourages delayed retirement, and if you choose to retire at or after age 70, you can get 132% of your monthly pension.China's current legal retirement age is 60 years old for male employees, 55 years old for female cadres, and 50 years old for female workers. Compared to China's, the U.S. retirement age is relatively high. However, some people said American people shouldn't retire earlier than 65 years of age because they may not have enough money to retire.
According to data from Fidelity Investments, as of June 30, 2021, there were a record 412,000 accounts with a balance of $1 million in U.S. 401K accounts, and 342,000 accounts with a balance of $1 million in IRA accounts. Taken together, the owners of a total of 754,000 accounts have achieved "wealth freedom" in retirement and they don’t have to worry once they reach retirement age.
Somepope also say, “65 old people still enjoy their jobs and their health .” Maybe people 65 years old still enjoy their jobs but According to the definition of the World Health Organization of the United Nations, the age of 65 is already in the stage of old age where normal physical health will gradually decline. This is an inevitable fact. In the age of high-tech development, for people to keep their jobs at this advanced age, they need to learn and keep up with technology, which becomes difficult if their physical and mental condition keeps declining.
Therefore, people at 65 should be spending time with their family, finding some meaningful things to do for themselves, such as participating in some activities organized by the community or some hobbies that they wanted to do when they were young but couldn’t do due to time limitations. Let older people enjoy 😉 their lives and leave all the challenges for the young people to do.