Americans are living longer than ever before, and for many people, that means stretching retirement savings for many years.
To help finance their golden years, a growing number of retirement living seniors are working past the age of 65, according to a report in the Miami Herald. And not all of these seniors are working past 65 purely for financial reasons; some do it for the physical activity, some for the social outlet it provides, and others do it out of pure enjoyment.
“I enjoy the practice of law and I do a lot of interesting things particularly in the international arena,” Burt Landy, age 82, told the news source. “So that gives me increased satisfaction and motivation. I don’t have any pressing plans of retiring.”
Dr. Charles Nemeroff of the University of Miami Center on Aging, said that exercise, both physical and mental, are essential for a healthy and happy retirement.
“Evidence shows if you keep your brain active as well as your body active, you’re going to be successful in terms of developing your brain,” he told the media outlet. Whatever the motivation, with the various mental, physical and psychological benefits of staying involved with work, assisted living residents and their families can take advantage of many opportunities to continue working in retirement.