Working Retirement?
The Motley Fool, November 17th, 2006
Even people who love their jobs probably daydream a little bit about
retirement. After all, by the time you're blowing out the candles on
your "Happy Retirement, Bob!" cake, you'll probably have been working
for more than 40 years.
But for some people, "retirement" actually means more work. A survey of baby boomers conducted for Thrivent Financial for Lutherans
found that 43% planned to work full-time or part-time in retirement.
Some said they needed to work for money, but many were motivated by
social factors. Many seemed to be anticipating a change in jobs when
they said they wanted work that's enjoyable and not too stressful.
The survey also gave some indication that boomers remain optimistic
about their retired lives, despite simultaneously reporting problems in
their preparations. On the one hand, a majority (56%) expect a standard
of living equal to or better than their parents.
On the other hand, almost three-quarters (71%) feel that a lack of
money will prevent them from accomplishing their retirement plans, and
a clear majority (59%) have not done any formal retirement planning,
either on their own or with professional help.
Maybe some of these boomers will find they have to work.
Read more of this article.