Early retirement unlikely for most older workers in Rocky

PLANNING an early retirement?

You may want to think again if new research released today holds true.

A Galaxy Research study reveals about 27% of Rockhampton's 16,207 residents aged over 65 can expect to be working into their 70s.

The study found that one quarter of us wanted to retire as early as possible, but 27% would be forced to work longer due to dwindling finances.

And 42% of the 1800 people surveyed said it would be hard to cope doing their jobs at 70.

Managing director of Capricorn Investment Partners David French believes people should be working for as long as they can and start planning their finances in their 40s.

"For the good of society people need to keep being productive until they're not able to," he said.

"It's obviously going to be pretty difficult for some people who have manual jobs and it's natural for people of that age not to maintain the same amount of strength but people need to keep in mind that we are living a lot longer these days; the average age of death for baby boombers is 92 now.

"Although it might be nice to retire when you want, it would be better to work for as long as you can and earn money to support yourself for when you physically can't work any longer because the government pension accessibility age will keep progressing to 70."

Mr French also believes people should be starting to think about their future no matter what age they are.

"People in their late 20s are starting to buy their own houses which is great," he said. "But people in their 30s and 40s need to get really serious about saving and their superannuation because the government isn't going to be standing behind you as much as they did before."


The Rockhampton region has about 16,207 people aged over 65.

25% of older people want to retire as early as possible.

27% will be forced to work into their 70s due to money problems.

42% say it will hard to cope doing their job at 70.

40% of people want to keep working because it's good for their health.

Source: Galaxy Research; University of Adelaide Public Health Information Development Unit

Topics:  employment retirement savings superannuation

Quality care for every patient

Bolsover Radiology Sara Buccholz, Abby Reynolds, Lauren MacDonald and David Allen.

Bolsover Radiology has a strong focus on patient care.

Two people transported after rollover on Dawson Highway

Ambulance generic

Two patients have been transported to the Biloela Hospital.

Centre now offering lymphoedema

HEALING HANDS: Jenny Chamberlain, Erin Mole, Kylie Ryan and owner Kitty Wren at Skin Deep Rejuvenation Clinic.

Skin Deep meeting the demand of Lymphoedema massage in CQ.

Local Partners

Cawarral teacher wins award

WHEN the students walk into Joanne Aaron's classroom they feel as if they are walking into a different part of the world.

Your chance to win

Learn More

WHAT'S ON: Your guide to entertainment and events this weekend

AWARD WINNING SHOW: Tequila Mockingbird can be seen at St Brednan's College, Yeppoon on Saturday.

LOOKING for something to do this weekend?

Garage Sale Trail finds treasure in trash

Richard Morvell from Trendy Trash Rockhampton, Cr Neil Fisher, and Craig Dunglison, Manager of Rockhampton Regional Waste and Recycling gear up for Garage Sale Trail.

Bargains galore on offer at garage sales this weekend

GARAGE SALE GUIDE: Find out where to grab the best bargains

Several sales are being held in Rockhampton on Saturday as part of the national Garage Sale Trail.

Your guide to the Garage Sale Trail in Rockhampton

In Flames are super 'proud' of new album

In Flames album to be released in November.  Photo Contributed

In Flames to release new album in November

Selma Blair blames flight outburst on 'psychotic blackout'

Selma Blair

"I am someone who should never drink, and I rarely do"

Bob Dylan acknowledges Nobel Prize win

Bob Dylan has finally acknowledged his Nobel Prize win

WATCH: Trailer for Jackman's final Wolverine film released

First trailer for the last Wolverine film with Hugh Jackman.

Thrilling trailer promises a dark, dystopian finale for Wolverine

CCTV footage surfaces of Kim Kardashian West's robbers

The blurry footage shows three men on bikes and two on foot

Cathriona White's mother claims to have Jim Carrey's results

Jim Carrey and late ex-girlfriend Cathriona White

SHE claims Carrey exposed White to herpes, chlamydia, Hepatitis A

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals

Cherrabah's mega resort plans axed

PLANS for a massive development at Cherrabah have been scrapped.

What our mayor thinks of the new draft SEQPlan

The plan to use the innovative technology as part of the new Maroochydore CBD was cemented on site today when Mayor Mark Jamieson and Envac Asia Region president Chun Yong Ha formally signed the contract for the $20 million underground waste collection system.

New plan accommodates Sunshine Coast Council's vision for growth.

Dusit Thani finance crisis 'just a small hiccup'

ON TRACK: Springfield Land Chairman, Maha Sinnathamby, Ipswich Mayor Paul Pisasale, Developer Richard Turner and Springfield Land Deputy Chairman, Bob Sharpless, at the recent resort sod turning ceremony.

Property developer says project remains firmly on track

Heavyweight enters real estate market

Des Besanko principal and director of Raine and Horne Springfield.

Major rebranding which has seen two big name brands merge

SEQ is the 'greatest market': property guru John McGrath

SPEAKER: John McGrath of McGrath Estate Agents is today's guest speaker at the Better Business Breakfast.

SEQ is the "greatest" real estate market, says property guru.