Monday, February 19, 2018

Retiring at age 62, if you are a man, is bad for your health

Pretty much required reading for anyone contemplating retirement at the age of 62.
WSJ: What’s going on at age 62?
DR. FITZPATRICK: A lot happens in our early 60s. Some change jobs, scale back working hours or retire. Our health-care coverage may shift. We may have fewer financial resources, or we may begin collecting Social Security. About one-third of Americans immediately claim Social Security at 62. Ten percent of men retire in the month they turn 62.
WSJ: What do the numbers show? 
DR. FITZPATRICK: There’s a sizable, 2% increase in male mortality at age 62 in the U.S. Over the 34 years we studied, there were an additional 400 to 800 deaths per year beyond what we expected, or an additional 13,000 to 27,000 excess male deaths within 12 months of turning 62. That 2% is 2 of every 100 men in the whole male population who turn 62. We really think these deaths are concentrated among the 10% of men who retire at 62, so instead of 2 in 100, it’d be 2 in 10. So, the increase in the probability of death for men who retire could be as high as 20%. I actually think that’s a pretty big deal.
Read more at the WSJ: Why So Many Men Die at 62


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