It’s no secret that many older Americans are working past traditional retirement age. Whether working later in life is due to financial necessity or a desire to stay active, it’s clear that many people are trying to retire later. A recent Gallup poll shows that nearly four in 10 Americans plan to still be working…
The meaning of the word “retirement” continues to evolve. What once signified the end of work now actually means continuing to work — often in new and different ways. Among those of us near retirement, a whopping 72% hope to keep working after retirement, according to a recent national study by Merrill Lynch and Age…
For many retirees today, the secret to a successful retirement is an oxymoron — a successful retirement actually means work. But “work” may not look like the career you’ve held for 40 years. Instead, there are a host of second careers that today’s retirees are pursuing. “People today are saying, ‘I don’t want to sit…
Whether to keep working or retire is one of the most difficult decisions you’ll make in life. It changes everything, and starts a whole new phase. While there’s no crystal ball, one thing is for sure: Being cautious with this choice can only serve you well. CNBC’s Kelly Holland explains in the article, “Ready to…
As baby boomers begin to leave the workforce over the next 10 to 20 years, the exodus presents a unique challenge for both retirees and employers. For retirees, leaving the workforce means leaving a steady paycheck and beginning to tap into retirement savings and benefits. For employers, the demographic shift means finding talented replacements for…
Many people are finding that they need to work at least part time in retirement to support themselves. Some people also find that they want to continue working in order to stay active. Though retirees can offer an organization incredible experience and insight, not everyone who wants part-time work in retirement is able to find…
Retirement is not what it used to be. In the past, retirees could get by on a combination of Social Security payments, their company’s pension, and their retirement savings, but this model is slowly fading. Now, many people don’t have enough to fund their retirement and find that they have to work during this time…
Being retired doesn’t mean that you have to stop working. Many retirees enjoy part-time work both for the boost in income and for staying active in the world. Not every job is right for every person. There are some that might not suit your style, but others could be exactly what you’re looking for. Here…
After a lifetime of working and saving, you’ve finally come to the point where you feel comfortable enough to retire. Though the long-winding path to reach this milestone was supposed to bring more peace of mind, instead it precipitated a fear of outliving your money now that you’ve left the workforce. “The main financial motivation…
Many Americans are planning to work into retirement, or to return to work after retiring. Seventy-five percent of Americans expect to work for as long as they can, and 39% say it’s because they like to work, according to a recent Bankrate Financial Literacy poll. One-third, or 32% of Americans say they’ll continue working because…
The smartest thing anyone can do to prepare for retirement is to start early – long before you need it – and to look for sources of income that will sustain you after you’ve officially retired, says Dave Starr, the founder of RetiredPay.com.Even if you have the promise of a comfortable pension, that is no excuse…
“Freedom 55” was the rallying cry for decades of people working toward an early retirement… However, over the past few years, the U.S. labor market has seen a continual increase in the number of working individuals older than 55 who are delaying retirement. Why is this change happening? What factors are influencing why retire-aged people…
People who are preparing to retire likely have several notions of what they expect retirement to be like. But a new study from Merrill Lynch in partnership with Age Wave reveals a few common myths about work and retirement —along with today’s reality. Researchers examined four retirement job myths and explored their corresponding realities, along…
It’s an old argument, one that’s been making its way around European countries for decades, and been intermittently heard over here. Because of longer lifespans, higher retirement costs, and the general downturn of the economy, seniors are delaying their retirement for longer, and continuing on in the workforce. The problem? Prevailing wisdom is that with…