Will You Live Longer, If You Retire Earlier?

Research suggests the key to lengthening your lifespan, might be an early departure from the workforce.

Want to live longer? Think about retiring earlier, according to a study from the journal Health Economics that linked early retirement with a longer lifespan. US News reported on the study in the article “Could an Early Retirement Help You Live Longer? Researchers examined the lifespans of civil servants who took advantage of a temporary government program that permitted them to retire as early as 55. 

An earlier piece of research published by the University of Wisconsin System showed that people who had more leisure time in retirement used it to adopt healthy habits, such as more exercise and stopping smoking. Another positive factor for early retirement and longer lifespans is the reduction of stress, particularly for people in pressurized professions.

Unfortunately, it’s not always that simple. The circumstances under which someone retires may have a lot to do with overall health. Their lifespan is likely to be related to how they spend their newly found free time, once they leave the workplace. 

Just as there are studies that show a connection between early retirement and longer life expectancy, there are also studies that show just the opposite. People who are forced into an early retirement because of a layoff, may not feel the same way as people who retire early so they can pursue their passions. People who retire because of health issues, could die prematurely for reasons that have nothing to do with their employment status.

A key finding was that a purpose in retirement is paramount for health and happiness. Rather than devoting time worrying about your lifespan, focus on making sure that your time is being well-spent. Start by defining new milestones for your life and look internally to understand what you want out of your retirement years, rather than basing your goals on any pre-conceived notions of what you “should” be doing. 

However, the one thing you should be doing before retirement, is meeting with an estate planning attorney to make sure you have all the correct documents prepared to protect you and your loved ones.  You can then focus your attention on giving your life purpose and taking good care of your health and well-being.

Reference: US News (June 21, 2018)Could an Early Retirement Help You Live Longer?

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“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

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- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

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I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

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