France just had a terrible weekend. The French worker wants to retire at 60. The German worker needs to work until 67. Here is the solution. Abandon the mandatory retirement age. It discriminates against the older worker. Allow people to retire when they want. Retirement plans are time driven. The longer the money stays in the larger the retirement. The sooner you leave the lower the payment.
Retirement should be a choice.
Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post
- French protesters rally over pension reform (nationalpost.com)
- Ellen Galinsky: Working in Retirement: The Five Assumptions It Busts (huffingtonpost.com)
- Four in 10 U.S. Employees Planning to Delay Retirement, Towers Watson Survey Finds (eon.businesswire.com)