In the midst of the downturn in the economy and job loss, the tanking of the stock market a few years ago, and the plunging value of 401Ks, everyone was holding onto a thread of hope: Workers who were not prepared financially to retire could work longer. Rather than retiring at 65, or worse 62, they could wait until 70 or older to help replenish their retirement funds. While not an ideal solution for some, it did provide a safety net for those worried about running out of money in their golden years.
But were we naive to think that could work? Working until 70 or older not only requires that you want to do that, but that you also have a job that will let you do that, or that you can find another one to fill in. If things weren't grim enough, now they are saying that not everyone who wants to work until 70 will be able to do so. As this article points out, a lot of those who want and need to work longer before retiring are the very people who may not be able to do so because of health problems or disabilities.
http://money.msn.com/retirement/dont-count-on-working-longer
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