Why Some People Don't Want To Retire

Not Willing to Leave Just Yet

 When people are young, the word retirement is not something of
much concern. It is 20 or even 30 years away and a lot can
happen during that time. It is something that slips in an out
that is given little thought.

Some companies offer early retirement to its employees. Even if
the age of retirement is officially at 65, there are some who
are not yet willing to leave and would rather work some more
instead of enjoying the other pleasures that life has to offer.

A job or a profession to some is what makes the person a member
of the community. It makes the person feel important for the
years of service given and the number of accomplishments one has
achieved. These are things that some people hold on to which
makes retirement hard to accept. 

The psychological impact makes it hard for someone who has lived
in a fast paced world to adjust to a life that is at a more
leisurely pace. Some forms of leisure after working for so long
can be done by spending more time with family and friends,
playing golf or cruising around the world. 

Another reason is perhaps the person who is still employed is
just waiting for the right moment or package that the company
will give out to its employees. Such issues are whether or not
the retirement package that is being offered is higher than the
projected earnings if one stays employed or if the retirement
fund can be used immediately once it has been given.

Some people can get more just waiting for the normal retirement
age than accepting the company's early retirement plan. Instead
of saving, one might end up forfeiting and miss out on
opportunities to make additional contributions to the plan.

People who don't want to retire yet are also concerned if the
offer given by the company includes post-retirement medical
insurance. This is because Medicare doesn't start until one has
reached the age of 65 and the cost of getting private insurance
is expensive. 

There are risks in deciding to stay if a retirement offer is on
the table. Business may not be doing well prompting the company
to lay off workers or even have the position one has eliminated
due to redundancy. 

The most important reason that makes some employees still stay
is that regardless of age, one strongly believes that one can
still do more being at the job.