Seventy Is The New Sixty-Five
Bloomberg Businessweek|October 1, 2018

Postponing retirement can bulk up Social Security checks and bolster savings accounts

David Rocks​​​​​​​
Seventy Is The New Sixty-Five

When he turned 65 in 2013, Lee Klass never considered a retirement party. Instead, he continued doing pretty much what he’s done for years, setting out from Portland, Ore., in his Freightliner 18-wheeler and hauling loads of packaged food and consumer goods across the U.S. That way, Klass was able to keep the money flowing and ultimately collect a bigger Social Security check. “I still enjoy driving and the adventure of this job, and I’m not wealthy,” says Klass, who took home about $25,000 last year and has no retirement savings plan, but for the past three years has received roughly $1,700 a month from Social Security. “Millions of people in my age group are continuing to work,” he says. “I’ll keep doing it as long as I’m strong and healthy.”

Waiting Game

This story is from the October 1, 2018 edition of Bloomberg Businessweek.

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This story is from the October 1, 2018 edition of Bloomberg Businessweek.

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