Boeing's pension scheme data figures for members in America have shown that for every year employees work past the age of 55, they lose 2 years life expectancy. Boeing said that for people who retire at 55, their general life expectancy is to live to age 83. But, for those that continue working until age 65, their life expectancy is just short of age 67!
Our View
It is a known fact that a number of people retire from work at age 65 and die shortly after. This is a huge problem for the UK Government who are trying to get people to work longer and save more before retirement.
Our advice is to save whatever you can and retire as early as possible.