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Here's Some Retiree's That Love To Labor...Happy Labor Day

USAToday profiles several of the "new retiree's",   people who have started second careers.  Make sure to see to see my new hero, Grant Holdaway harvesting tomatoes on his farm and working in his garden center.

Hope you have a great Labor Day weekend!

When Social Security was founded in 1935, establishing 65 as the age for full retirement benefits, the average life expectancy in the USA was just 61.7 years. Today, the average 65-year-old man will live 19.2 more years, and the average 65-year-old woman will live 21.8 more years, according to the American Academy of Actuaries. In addition, a 65-year-old woman has a 19% chance of living to 95, and a 65-year-old man has an 11% chance of living that long.

As a result, "retirement isn't what it used to be," says Matthew Tuttle, a financial planner in Stamford, Conn. "You used to retire at 65, move to Florida, have early bird dinners, play golf, and you're dead by 70. Now people realize, 'I could live to 95; I've got to do something.' "

Posted on Friday, August 31 by Registered CommenterWise Owl | Comments Off