Study finds working past the age of 62 improves retirement

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(CNN) — A recent study has found that people who gradually retire with part-time jobs have greater retirement security.

The paper was published by the Center for Retirement Research at Boston College.

It looked at people older than 62 and their financial preparedness for retirement.

The study found that while nontraditional jobs, defined as those that do not provide health insurance or retirement benefits, did not help younger people prepare as well for retirement, those types of jobs did help older people’s ability to retire.

According to the Center, that is because it might let them delay taking social security, or payments from their retirement accounts.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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