Page 13 - 6-6-22

Page 13, RURAL-URBAN RECORD, June 6, 2022

The pros and cons face a significant decline in their standard of living during
retirement. Life expectancy has been on the rise in devel-
of early retirement oped countries since 1900, so retiring too early carries some
significant financial risk for people who have saved but not
Retirement is a milestone that is often the byproduct of necessarily saved enough.
decades of hard work. Though a growing number of work- Retiring early also could make people more vulnerable to
ing professionals have no intention of ever retiring, the vast cognitive decline than they would be if they keep working.
majority of adults look forward to the day when they can One study from researchers at Scotland’s University of St.
call it a career. Andrews found that people who wait until age 67 to retire
The prospect of early retirement is enticing to millions experience less cognitive decline than people who retire pri-
of people. Though retiring early may seem like a no brainer or to turning 67.
for individuals in position to do so, a careful consideration Out-of-pocket medical costs are another significant dis-
of the pros and cons of early retirement can ensure people advantage to retiring early. Employer-sponsored medical
make the best decision. insurance tends to cost individuals less than private plans,
Benefits of early retirement which is a significant consideration for individuals at a point
For many people, early retirement is less about finding in their lives when they may need to visit doctors more of-
a beach to relax on and more about pivoting to a second ten.
career. In fact, a recent report from the Employee Benefit Early retirement has its advantages and disadvantages.
Research Institute indicated that 74 percent of workers plan Individuals must consider both to make the best decision
to get a new job after they retire. In such instances, early for them.
retirement is often about turning a long-time passion into a
second career. That can help adults achieve a lifelong dream, Did you know?
making it one of the better reasons to retire early.
Another advantage to retiring early is the chance to Getting out and about is a vital component of many
spend more quality time with family. One study from the seniors’ daily lives, but it’s important that aging men and NOW BUYING
American Psychological Association found that more than women recognize how much exercise is healthy for them.
half of working professionals now check work emails af- The Department of Health & Human Services notes that • Pre 1964 Silver Coins
ter work hours, including on weekends. Forty-four percent adults need a mix of physical activity to stay healthy. That
even check their email while on vacation. Early retirement mix should be a combination of moderate-intensity aerobic • Gold nearing all-time highs
enables individuals to escape that round-the-clock career activities, which can include golfing, swimming and even • Sterling Silver
commitment, affording retirees a chance to spend more un- gardening, and muscle strengthening activities like weight-
filtered quality time with the people they love most. lifting that make the muscles work harder than usual. The • Silverware
Retiring early also provides an opportunity to escape a DHHS recommends adults combine 150 minutes of moder-
daily grind that many people have indicated has become in- ate-intensity aerobic activity per week with at least two days
creasingly burdensome in recent years. The 2021 Work and of muscle-strengthening activities. The Centers for Disease
Well-Being Survey from the American Psychological Asso- Control and Prevention notes that these guidelines are safe Gift Certificates Available
ciation found that 79 percent of the roughly 1,500 adults for individuals who are 65 and older, generally fit and have “Now Offering 12 months Interest Free”
surveyed had experienced work-related stress in the month no limiting health conditions. Individuals who do not fit that
prior to participating. Work is a leading cause of stress for criteria should consult with their physicians before begin- GOLD
many people, and stress has been linked to a host of health ning a new exercise regimen, as it’s possible that they could
problems. Individuals who can retire early can benefit from be putting their health at considerable risk if they attempt is at an all time high!
less stress in their lives. to follow guidelines designed for people who are general-
Disadvantages to retiring early ly fit. It’s also important that healthy seniors avoid overdo-
Retiring early can seem like a dream, but it could turn ing it in regard to exercise. Though the DHHS suggestions 705 Chestnut Commons Dr., Elyria
into a nightmare for people whose finances aren’t as robust are the minimum recommendations, going too far beyond (440) 322-0019
as they need to be to support a lengthy retirement. One re- those guidelines without first consulting a physician could www.elyriajewelers.com
port from the Boston College Center for Retirement Re- increase seniors’ risk for injury, illness or even death.
search found that around 50 percent of working families Hours: Tues. 9:30-7 • Wed./Thurs./Fri. 9:30-5 • Sat. 9:30-3:30

5-STAR AMENITIES

When you choose to live in one of our unique communities, you’ll find that your new home will fit
your lifestyle. We listen to our residents and have designed our apartments to meet modern-day
living needs, from large rooms to a variety of amenities. Don’t worry. We’ve got you covered!

• Care services in apartment • Full kitchens available

• Individual climate controls • All utilities included
• Private patio & deck options • Pet-friendly environment

• Easy-access shower with seat • Spacious floor plans Ask about touring our Villas
• Emergency call systems • Handicap accessible
440.596.3797 • Housekeeping & linen services • So much more!

Villas | Independent Living | Assisted Living | Memory Care

33770 Bagley Road, North Ridgeville, OH 44039

DanburySeniorLiving.com