That's not necessarily a bad thing from a lifestyle standpoint. You can take the pension and go work someplace that is a less stressful and a more enjoyment environment. |
The general rate of inflation is higher for retirees because of the fact that lots of things retirees spend their money on -- travel, hobbies and health insurance -- are going up at a faster rate than the overall inflation. |
This has been an enormous wake-up call for people who thought when they retired five years ago they had plenty of money to live on, and now $400 to $500 of cash flow a month is going to health care premiums. |
This is the biggest single issue I'm seeing out there for people who could otherwise retire. |