Early retirement could be bad for your health if it's involuntary or if you really liked your job, MktwHulbert writes.
While that’s a crucial question all of us face, it takes on a special urgency for adherents of the Financial Independence/Retire Early movement. After all, if retirement is bad for our health, then we ought to postpone it as long as possible.One relevant study was published this summer.
This helps to explain why previous studies have reached such disparate conclusions about whether early retirement is good or bad for your health. Notice the tension between the results of the Scottish study and this German one, however. It would appear that it’s important not just whether retirement is voluntary or involuntary, but the kind of job one has before retirement.
Since deciding to claim Social Security at age 62 is a voluntary move, it’s hard to square this result with the results of the Scottish study. And it’s also hard to square it with the conclusions of the German study, since those deciding to claim Social Security at age 62 tended to be those who had bad jobs with lower earnings—the very group that the Germany study found to have improved health upon retiring.
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