Is Working Past Age 65 a Realistic Option?

More seniors are remaining in the workforce, but saving remains an essential safeguard against unforeseen circumstances

Adam Zoll 6 August, 2012 | 3:33PM
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My retirement portfolio has underperformed during the past several years, and it looks like I'll have to keep working longer than I had anticipated. Are there any potential pitfalls of which I should be aware? 

Working into your late 60s and 70s, once seen as unusual, is indeed becoming more common. In fact, in the US the number of American workers age 65 and older doubled from 1977 to 2007, according to the US Bureau of Labor Statistics. Therefore, it's no surprise to hear many people talk about working beyond age 65.

The stock market's mediocre performance during the past decade, as well as the housing bust, has left many with fewer assets than they'd anticipated at this point in their careers. That means that many aspiring retirees might have no choice but to keep working if they hope to maintain anything resembling their current lifestyles in retirement.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Adam Zoll  is an assistant site editor with, the sister site of