7 Advantages of Delaying your Retirement

Americans are short of the retirement fund 

According to Newsweek, Americans are short of the retirement fund and there is a need to save more. How do you go about boosting your retirement fund? One beneficial way is to continue working and delaying your retirement: There are several advantages of working more years:

1. .Happy at work: When you enjoy what you do and you like your work, why not do more of it? It is particularly true when the job does not give you stress or pressure. Just indulge in it.

2. More money for your retirement: In Malaysia, your employer contributes 12% of your salary and you also contribute 11 % (8% in 2010 or maintain at 11% if you wish) to the Employees Provident Fund. It means when you continue to work you continue to save and your employer also helps you save further. Just think of the compound  interest that is working on your fund

3. Allow your investment more time to grow further: When you are in a capacity to earn you don’t dip into your savings and investment. It means your money will continue to grow while you continue to work.

4. Self- image and self-esteem: Imagine the huge number of jobless people around and you will appreciate yourself more when you are holding a job especially when you should not be competing in the job market. You think highly of yourself and you are confident about what you can do.  

5. Keep the brain young: Be in high spirits and feel good about yourself. You are mindful at work and there is nothing to disturb your peace of mind. Your mind is stimulated while you continue to learn new things in life

6. Stay connected: When you are working, you stay connected with other people relating to your work. They update, enlighten and encourage you. Life is meaningful when you maintain a network of connection. 

7. There is no retirement: In life, you do not retire, you continue to do things you find meaningful to live life fully. When you find your job interesting and you get satisfaction out of it, just continue to do it.

When you can work and you are fit to work there is no reason why you should not work. It is especially so when your services are needed. Isn’t it wonderful to know that you are still a valued employee at a time when you should be retired?