Should the government enforce a mandatory retirement?
On One Hand: You’re The Boss Now.If you are someone who has worked most all of your life, a forced retirement may be something that you would appreciate. You would be able to reap the benefits of years of saving and investing, and spend your days doing whatever you please.On the Other: Less Time To Plan.With retirement comes less income. A forced retirement may in turn force those retirees to take a part-time job to supplement their income or downsize a comfortable lifestyle. Not all retirement packages come with lifetime health benefits so additional expensive health insurance premiums may come with a mandated retirement.Bottom LineRetirement is something that is intended to bring joy and relief. Careful planning goes into retirement to make sure that the remainder of your life is spent financially stable, as close to that of your years when you were employed.
