Tuesday, February 07, 2006

Linkages Between Early Retirement and Poorer Health

Following up on recent findings of a recent study published in the British Medical Journal that leaving the workforce at age 55 doubled the risk for death before reaching age 65, compared with those who kept working beyond age 60, James Pasternak seeks further confirmation. According to one of the authors of “Age at Retirement and Long Term Survival of an Industrial Population: Prospective Cohort Study,” failing health might have played a role in the younger retirees' higher mortality, but data were not available to assess directly whether poor health was a significant factor and it is not clear why continued employment led to longer life, the researchers wrote.

Pasternak reports that a Social Development Canada study released in May 2001 seems to conclude that health, the age of retirement and life expectancy might be intrinsically linked, with the planned age of retirement increasing by 2.5 years for persons who report their health as fair, rising to 3 years for persons who report their health as excellent. However, "[s]peaking anecdotally, Larry Berdugo, a certified financial planner of Toronto-based Independent Financial Concepts Group Ltd has found that early retirement without a road map can lead to malaise, indifference and reduced life expectancy."

Source: "Early Retirement May be Dangerous to your Health" CARP Online (February 2006)

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