DB Valuation vs Pension

QrizB

IAMIAM said:

Again, back to the stats as Chris whitty would say. 

People who retire earlier are wealthier; people reitre early because they are wealthier. And wealth is strongly correlated with life expectancy.

https://www.theguardian.com/society/2020/jan/15/being-wealthy-adds-nine-years-to-life-expectancy-says-study

In your hypothetical example, your 65-year-old with a £25k pa pension isn't less wealthy than your 55-year-old with a 17k pa one, so you can't necessarily say that the 65yo can expect a shorter life.

nigelbb

OldBeanz said:

My shares have gone down 8% this year. With a DB pension you do not need to worry about any volatility in markets.

A DB pension may not decrease in absolute terms but not all DB pensions are index-linked so the value can be eroded by inflation.

IAMIAM

QrizB said:

IAMIAM said:

Again, back to the stats as Chris whitty would say. 

People who retire earlier are wealthier; people reitre early because they are wealthier. And wealth is strongly correlated with life expectancy.

https://www.theguardian.com/society/2020/jan/15/being-wealthy-adds-nine-years-to-life-expectancy-says-study

In your hypothetical example, your 65-year-old with a £25k pa pension isn't less wealthy than your 55-year-old with a 17k pa one, so you can't necessarily say that the 65yo can expect a shorter life.

What has wealth got to do with health? The point is that people who work up until 65 or NPA have on average a much shorter life expectancy than those who stop working much earlier. Based on people claiming civil service pensions. Wealth is irrelevant if you are dying due to health reasons due to excessive working up to 65 to get a fuller pension....

bolwin1

IAMIAM said:

The point I am making is that its statically significant that you have a longer life expectancy retiring earlier than retiring later and claiming a 'fuller' pension. In fact, I think every public sector job provides stats on it....the longer you work towards 65 or NPA, the shorter your life expectancy. Particularly prevalent in the bigger workforces..., NHS, Education etc. So why work to 65 and die younger instead of retiring as soon as you can and living longer...

I've had a good hunt around for studies on this & there's a fairly even split between those that say early retirees live longer & those that say' on-time' retirees live longer. Given all of the other factors that may impact this, I'd suggest there's very little  correlation between retirement date and life expectancy. 

IAMIAM

bolwin1 said:

IAMIAM said:

The point I am making is that its statically significant that you have a longer life expectancy retiring earlier than retiring later and claiming a 'fuller' pension. In fact, I think every public sector job provides stats on it....the longer you work towards 65 or NPA, the shorter your life expectancy. Particularly prevalent in the bigger workforces..., NHS, Education etc. So why work to 65 and die younger instead of retiring as soon as you can and living longer...

I've had a good hunt around for studies on this & there's a fairly even split between those that say early retirees live longer & those that say' on-time' retirees live longer. Given all of the other factors that may impact this, I'd suggest there's very little  correlation between retirement date and life expectancy. 

Totally disagree with this. But what do I know. 

QrizB

IAMIAM said:

What has wealth got to do with health?

A lot. Did you read the article? Or any of the other studies that have shown that wealthy people live longer?

grumiofoundation

IAMIAM said:

QrizB said:

IAMIAM said:

Again, back to the stats as Chris whitty would say. 

People who retire earlier are wealthier; people reitre early because they are wealthier. And wealth is strongly correlated with life expectancy.

https://www.theguardian.com/society/2020/jan/15/being-wealthy-adds-nine-years-to-life-expectancy-says-study

In your hypothetical example, your 65-year-old with a £25k pa pension isn't less wealthy than your 55-year-old with a 17k pa one, so you can't necessarily say that the 65yo can expect a shorter life.

What has wealth got to do with health? The point is that people who work up until 65 or NPA have on average a much shorter life expectancy than those who stop working much earlier. Based on people claiming civil service pensions. Wealth is irrelevant if you are dying due to health reasons due to excessive working up to 65 to get a fuller pension....

As already posted people with more money live longer. 



Do you have a link to a conclusive study that shows retiring early means you live longer (and is due to this retirement). The issue is there are conflicting studies on this phenomenon, and obviously are a lot of different factors that contribute to life expectancy (wealth being a huge one)

https://www.nasuwt.org.uk/advice/pay-pensions/pensions/england/teachers-pension-age-and-life-expectancy.html

It is a common ‘urban myth’ that teachers who work up to, or even beyond, their NPA are likely to die earlier than teachers who retire before their NPA. However, the very limited data available on this issue indicates that this is not the case.    

IAMIAM said:

bolwin1 said:

IAMIAM said:

The point I am making is that its statically significant that you have a longer life expectancy retiring earlier than retiring later and claiming a 'fuller' pension. In fact, I think every public sector job provides stats on it....the longer you work towards 65 or NPA, the shorter your life expectancy. Particularly prevalent in the bigger workforces..., NHS, Education etc. So why work to 65 and die younger instead of retiring as soon as you can and living longer...

I've had a good hunt around for studies on this & there's a fairly even split between those that say early retirees live longer & those that say' on-time' retirees live longer. Given all of the other factors that may impact this, I'd suggest there's very little  correlation between retirement date and life expectancy. 

Totally disagree with this. But what do I know. 

How can you disagree with the poster saying they couldn't find conclusive proof? Are you saying they did find conclusive proof (either way) and are hiding this data from us?

It is a good question - as I asked above - what do you know?

 

Albermarle

QrizB said:

IAMIAM said:

What has wealth got to do with health?

A lot. Did you read the article? Or any of the other studies that have shown that wealthy people live longer?

I agree, it is clear that being financially comfortable is good for your health ( regardless of retirement age ).
Better diet , better health care ( private and more GP's in better off areas ) + probably easier job physically,  live in nicer area, not worrying about money all the time etc

Silvertabby

And another possible factor - that poorer people are more likely to be smokers.  

Thrugelmir

Albermarle said:

QrizB said:

IAMIAM said:

What has wealth got to do with health?

A lot. Did you read the article? Or any of the other studies that have shown that wealthy people live longer?

I agree, it is clear that being financially comfortable is good for your health ( regardless of retirement age ).
Better diet , better health care ( private and more GP's in better off areas ) + probably easier job physically,  live in nicer area, not worrying about money all the time etc

Working in some form also will lead one to being more active. Both physical and mentally.