by William Bond

Created on: July 15, 2010   Last Updated: July 16, 2010

You can retire when you are ready, and there are many ways to look at retirement today.  Instead of looking at retirement decisions as being fully retired, you can be semi-retired as well, working a part-time job, and still others working actively in theirs careers,  A recent study by Consumer Reports national research center of 17,877 people, found one third of people retired between the ages of 55 and 59, another 38% retired between 60 and 64.  The smallest group of 18% waited until 65 or later.  The median age at which the group retired  was 60.  Here are some relevant skills/tips to help you decide what is the best time for you to retire. 

Many retirees that work past 65 for many reasons.

One reason for working past 65 is the factor of proper funds from the 40l(k), and the obligations of paying the monthly living expenses, and some people in this group, feel that putting more money  into their nest egg savings, will be necessary in order to support a retirement for them.  Some people in this group planned to work to age 70 or more before starting their retirement.  You must accept the responsibility to look at both the financial factors and the personal factors in choosing when to retire.

Financial and personal factors.

When you look at your 401(k) plan and you find that it was damaged financially by the housing crisis, and recession, remember that by factoring in the the living costs in retirement and all your income from your pension, 401(k)s, savings, and revenue from a part-time job, you could make the necessary numbers to retire.  By doing so, you would now be able to  start work on those hobbies you have neglected over the years because you were pressed for time in other areas.  Consider the lifelong wait for the benefits of  travel and finally finding time to spend with your spouse and partner, and getting to know those fast growing grandchildren, before it will be too late. What is the take away?  Appoint yourself the  final decision maker  on when and how you will retire.

Retire when you are ready and willing  to retire.

There will still be people who love their work so much they will go into the office everyday for the rest of their lives.  But in today's world you can still do  both, take a semi-retirement, and work and play at the same time during your retirement.  Many people start

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