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Understanding Why Seniors Don’t Want to Retire

By Manpreet Dhalla, 9:00 am on

Many people choose to retire once they reach the age of 65. However, some seniors are not interested or just don’t want to retire. While finances may play a role, Ft. Lauderdale live-in home care providers believe there are other reasons seniors delay retirement. Read on to learn more.

Insufficient Finances

Some people who retire end up worrying about money because it’s frustrating for them to see the money they have worked to save slowly diminish after each year. Your elderly loved one may not have enough money saved up for retirement yet, or they may be cautious about retiring after seeing their retired friends struggle with their finances. By working past typical retirement age, seniors may be able to increase their pension and establish financial stability for retirement.

Socialization

Seniors often build fulfilling relationships with their coworkers. Though it is possible to maintain a friendship outside of work, your elderly loved one may not want to give up seeing their friends on a daily basis. This is especially common among people who do not have much of a social or personal life outside of work.

Health Care Concerns

For many seniors, the employee benefits they receive after years of working for a company may be what keeps them working. Life and health insurance can be a huge incentive to avoid retirement, especially if a senior has a spouse who is also receiving benefits from the company. This is particularly true when seniors rely on these benefits to help pay for medications or home care in Ft. Lauderdale, FL.

A Need for Fulfillment

Some seniors simply enjoy their work and worry they will lose the sense of fulfillment and purpose their jobs bring. Many people base their identities and self-worth on their ability to do well at their jobs. Because of this, seniors might worry that they will be directionless or bored when they stop working.

When your loved one eventually retires, he or she may struggle with having so much free time. With help from Home Care Assistance, seniors will have a live-in or hourly companion to help around the house and promote overall wellbeing. We provide flexible Alzheimer’s, Parkinson’s, dementia, and stroke home care Ft. Lauderdale seniors will enjoy in the comfort of home. Our friendly caregivers help seniors face the challenges of aging while enhancing life quality around the house. To learn more, contact us at (954) 909-0370 and schedule a free consultation today.