That’s assuming you’ll be employable long past the retirement age, which is by no means certain. Even if you are, chances are that the jobs you’ll be able to get will be much worse paid and lower-status that what you did during your regular career—and even if they’re not so bad by some absolute standards, such a status hit is likely to lead to deep unhappiness.
Of course, this doesn’t hold if future anti-aging medicine allows you to keep your physical and mental powers intact for a longer time. But the present trends are mainly towards prolonging deep old age in which your abilities are severely diminished.
I think many 40-year-olds would prefer working during retirement age over saving for a 75-year retirement. Consider revising #19.
That’s assuming you’ll be employable long past the retirement age, which is by no means certain. Even if you are, chances are that the jobs you’ll be able to get will be much worse paid and lower-status that what you did during your regular career—and even if they’re not so bad by some absolute standards, such a status hit is likely to lead to deep unhappiness.
Of course, this doesn’t hold if future anti-aging medicine allows you to keep your physical and mental powers intact for a longer time. But the present trends are mainly towards prolonging deep old age in which your abilities are severely diminished.