Delaying retirement has many financial benefits. You can tuck away some of your continued earnings for the future and give your existing savings more time to compound. Social Security payments also increase for those who sign up at an older age. A new study from Oregon State University found that retiring after age 65 may additionally help you live longer.

The study, which was published in the Journal of Epidemiology and Community Health, found that healthy adults who delayed retirement for one year past age 65 had an 11 percent lower risk of dying. "Late retirement has a beneficial effect on longevity and early retirement is associated with higher mortality," according to the report.