East Texans Retiring Later

Americans are retiring later and later in life, putting off the golden years for a variety of reasons. An AARP survey found many seniors make the choice because of health care costs and loss of income concerns. But, the leading reason is enjoyment.

Tom Fernandez has been working with college students for fifty years. Now in his seventies, he brushes aside any thought of retiring. "I can't imagine there's anything one could do that would keep you more active and alert because the questions are just as stimulating today as they were 50 years ago."

Herb Epstein is retired. He used to be the CEO of a helicopter company. "Most of us think in terms of 'Well, we'll do some more travelling.' But, I had been doing a lot of traveling by being in the aviation business."

Instead, Herb went back to work as a business professor at UT Tyler. He says he has no plans to retire again, anytime soon. "Just this little office also provides kind of a home away from home."

Across town, Michael Rogers specializes in retirement planning. "The days are gone when people look at the magical 65 as being retirement age."

Rogers says many of his clients change jobs or careers, but don't quit working altogether. At age 54 himself, Rogers hopes to keep his job for decades to come.

I can still continue to work as long as I can talk, as long as I can use my mind, and punch a few buttons. I can still continue to practice in my area of expertise."