Working in Retirement
The retirement plans of many baby boomers took a hit when the recession struck. Some were concerned they'd have to push back the date when they'd leave the workforce and others were worried about whether they'd be able to live the active lifestyle they had long envisioned.
There's no denying retirement is different than it used to be. In years past, it wasn't unusual for workers to leave their job all at once and settle into a relaxing life after employment. That's not the case anymore, as many people found it difficult to jump from a fast paced work environment to the more relaxed atmosphere of retirement.
Not long ago, it seemed unusual for older workers to stay on the job past the traditional retirement age, but that expectation has changed considerably more recently.
The concept of a retirement test drive has become popular over the last several years.
There has been a considerable amount of news lately highlighting the fact that adults may have to wait longer to retire. It can be easy to see this as bad news, especially if you're of the mindset that retiring early is the ultimate goal.
The desire for an active retirement manifests itself in a number of ways. Although some older adults choose to travel and others may head back to school, many boomers are interested in working during retirement.
A fulfilling retirement can take many forms, and for many baby boomers that includes heading back to the classroom or taking on an encore career.
Though some older adults have to work past the traditional retirement age due to financial concerns, others are doing so because they are looking for a way to stay socially and mentally active as they get older.
The prospect of raising the retirement age may not seem very attractive to some people. After all, many workers have spent much of their adult life looking forward to the day when they can retire.
Few people know more about the employment landscape for older adults than William K. Zinke. At 85, he still works in his Boulder, Colorado, office at the Center for Productive Longevity, an organization he founded six years ago
Looking for jobs online has become the norm, and while that may seem easy for younger generations, for baby boomers looking for an encore career, job seeking on the internet may be a foreign experience.
Having a fulfilling retirement means a variety of things. For some older adults, it could be about staying mentally engaged through lifelong learning, while for others have a commitment to volunteer around their community.
For many baby boomers approaching retirement age, the idea of leaving the workforce all at once is not an attractive option.
It's safe to say encore careers have caught on among baby boomers. Sometimes referred to as a working retirement, many adults are choosing not to leave the workforce entirely and are trying their hand at a different profession.
In generations past, when most older adults left the workforce, they did so for good. However, much like many other aspects of retirement, baby boomers have taken things in a much different direction.
Older adults have becoming increasingly likely to use social media, but the results of a recent survey reveal some interesting findings on what they're using it for.
Baby boomers are no strangers to pushing the envelope, and when it comes to retirement they have already left their mark.
Working and volunteering are two of the most popular retirement activities among baby boomers, and the trend has not gone unnoticed by employers.
Older adults looking to get back in the workforce encountered some good news recently.
There has been ample evidence suggesting older adults are working longer than in generations past. Whether it's due to concerns about the unstable economy or as a way to stay active and engaged, working in retirement is much more common.
With millions of older adults headed toward retirement, some are undoubtedly concerned about their savings being enough, and with increased longevity it's an understandable concern.
In years past, leaving the workforce at 65 was a given, but as older adults change their expectations of retirement, they have shifted how they approach working as well.
Though many boomers are anticipating working in retirement, they are going about it in a variety of different ways. One of the most enticing options has been freelancing gigs where they get paid on a project-by-project basis.
It's not unusual for older adults to work well past retirement age, but Vin Scully, the legendary announcer of the Los Angeles Dodgers, is doing things a bit differently.
Older adults of generations past may have been content to leave the workforce once and for all, but baby boomers have helped redefine retirement.
Among the trends started by baby boomers, few are more prevalent than working in retirement, and a recent poll offers some insight into the growing practice.
Like much of the population, baby boomers were not immune to many of the financial implications of the recession. However, not content to take the hit, many older adults instead launched their own businesses .
The startling results of a new survey may encourage some baby boomers to refocus their retirement savings efforts.
Older adults expect much more out of retirement than previous generations did, and as results of a recent survey show it looks like they're getting it.
Encore careers have become a popular option for many baby boomers, a large number of whom have left their longtime jobs to pursue a profession they've always wanted.
Given all the attention paid to younger athletes, it can be easy to assume all Olympians at London's Summer Games are in their 20s or below.
It's not uncommon for older adults to work in retirement, and it's even not that unusual to see them starting their own business after they've left the workforce.
While the idea of a relaxing retirement spent on the links is appealing to some baby boomers, many others are looking forward to a more active second act.
While it is no longer unusual to see older adults staying at their jobs longer than ever before, there is somewhat of an emerging trend when it comes to working in retirement.
Working in retirement has become a popular option for many baby boomers, and a recent study conducted by the consulting firm Challenger, Gray and Christmas should be good news.
Older adults have a great deal of experience to offer companies, but businesses are not the only ones seeking out baby boomers.
For decades, Woody Allen has been one of the most prolific directors in Hollywood and at 76 he has reached an age when many people he's worked alongside have left the business.
Many baby boomers electing to work in retirement may be intimidated by entering the workforce.
Baby boomers considering working in retirement or changing jobs later in life may think they're in a difficult spot because employers may be less likely to hire older workers.
For some baby boomers, full retirement is not ideal. Instead, they'd rather head back to work both to stay active and perhaps supplement their savings.
As baby boomers enter retirement, many of them have chosen to either stay in the workforce or take on a part-time job.
Baby boomers have been at the forefront of many societal changes, and that continues today.
When it comes to leaving the workforce, many people think they can either keep working or settle into retirement, but not both. That's not always the case, some experts say.
Though many baby boomers are heading for retirement once they turn 65, a new study reveals their work plans may not fall in line exactly with what they want.
A new regulation put in place by the Equal Employment Opportunity Commission (EEOC) should help older adults looking to work in retirement avoid age discrimination.
Working in retirement is a popular choice for older adults looking to stay active, and it turns out one profession has become especially in demand as an encore career.
Working in retirement is often a popular option for older adults looking to stay active later in life, but charities are hoping baby boomers are more willing to donate their time to worthwhile causes.
One of the most significant aspects of retirement planning may not actually be related to finances.
Many analysts speculated that as baby boomers reached retirement age, many would choose to keep working rather than clock out for the last time at 65.
It's not unusual for baby boomers to work in retirement, and results of a new national study show many of them favor self-employment.
As retired adults look to stay active, some may choose to enter the work force again while others may choose to go back to school.
It may seem like people are working later in life than ever before, and results of a recent survey appear to back up this assertion.
Financial constraints and a desire to stay active later in life has spurred many older adults to keep working.
Starting a new career is not unusual. Whether you've done all you can at a job or are simply looking for something new, many people choose to start fresh.
Many baby boomers approaching retirement may feel as though they have one of two options - keep working at a back-breaking pace or stop working altogether, both of which are unappealing options.
Given the large number of baby boomers entering retirement, there has been some concern over what impact the influx of older adults will have on the country's healthcare system.
It's no longer unusual for older adults to work in retirement. Even if they don't need the money, many choose to stay at their current job or embark on an encore career to stay active.
Working in retirement has become a popular course of action for many baby boomers and experts say that the practice should be commonplace.
Whether it's born out of necessity or a desire to stay active, the fact is that more older adults are staying in the workforce.
Adults choose to work into retirement for a wide variety of reasons. Whether to save more money for when they choose to leave the work force or just as a way to stay active, there are many benefits to the trend.
While there may be a common perception that the world of entrepreneurs is dominated by the young, studies have shown that this is not the case.
Though many adults may be approaching retirement age, a large portion of them are expecting to continue working.
Though there has long been a common belief that the retirement age is 65, many baby boomers have been bucking the trend. Even if they are no longer employed in their original career, adults have become increasingly likely to keep working as a way to stay active.
It's no secret that a growing number of baby boomers are working in retirement and a group in Florida is beginning to take note.
Many adults approaching retirement age may think that they should focus on accruing more savings and spend less money, but a new strategy proposed by planners flips the whole notion of a quiet 60s upside down.
Working past the common retirement age of 65 is nothing new. Many baby boomers say they plan on working well past that age, but there is one man in particular who has taken things to a different level.
Of the baby boomers who are considering working into retirement as a way to stay active, many may also be looking to switch careers.
While it is certainly not uncommon for adults to work past retirement age or go back to school, it may be more unusual to see someone doing both at the same time.
Although many adults are interested in working into retirement as a way to stay active, some may rather embark on a so-called encore career other than the high-pressure position they currently occupy.
The way many adults are living out their retirement has changed considerably over the years and results of a new study show that the whole concept of a retirement age may be shifting as well.
Many retirees may find it difficult to go from working every day to a life of relaxation, and whether or not they need the extra money, some decide to get back into the workforce.
It's no secret that many baby boomers are planning on staying active during retirement, but results of a recent survey may surprise some people on just how they are planning on doing it.
Although many people may think that the economic downturn has impacted only younger employees, it has also affected how baby boomers are working.
For many baby boomers approaching retirement age, the prospect of kicking back and relaxing is not something they're interested in.
Many boomers who are approaching retirement age are planning to continue working, and that is good news for many employers.
Whether it be for financial reasons or because they are itching to get back to work, many baby boomers are finding that they are entering a job market that is much different than the one they may have been used to.
Unemployment may still be hovering around a stubborn 9.1 percent, but that has not stopped some baby boomers from enjoying working in retirement.
More and more frequently, baby boomers are beginning jobs while most other adults are thinking about retirement. So-called encore careers can be a great way for adults to stay active, but also for them to continue to make money in an uncertain economy.
More than ever, adults today are re-defining what retirement entails. For many baby boomers, working into retirement is not something unusual, and a recent AARP survey shows that as many as 40 percent plan on working until they no longer can.
Whether because of financial concerns or a desire to stay active, many baby boomers are either considering, or have already begun, working into retirement.
Baby boomers have redefined many aspects of retirement,and are doing the same when it comes to becoming a grandparent.
Many baby boomers are interested in working into retirement in an entirely new career that they may have been unable to try their hand at until now.
Although once thought of as the domain of a younger generation, social networking sites have grown increasingly popular among the baby boomer population.
As many as 1 in 8 women will develop breast cancer in their lifetime, and in an effort to help find a cure, Del Webb Communities recently partnered with Susan G. Komen for the Cure to raise $50,000 for the cause.
. Life coach Eli Davidson, who brands herself a "reinvention expert," recently sat down with CNN to talk about getting a job in the 21st century.
Baby boomers are facing an unprecedented phase of their lives that is more a blend of work and retirement than it has been for previous generations at their age.
Finding a job can be an intimidating process, especially because looking for one has changed so much in recent years.
AARP Jobs expert Kerry Hannon recently wrote a column on how baby boomers are approaching a phase coined by anthropologist Mary Catherine Bateson as "Adulthood II."
Deborah Russell, the Director of Workforce Issues with AARP, recently addressed some of the common issues faced by Americans 50 and over in the workplace.
Forty percent of Americans age 50 and older were still in the workforce as of last year and the numbers keep growing
A new survey of Americans age 55 and over discovered that two-thirds of respondents view retirement as an opportunity to mix work and leisure.
The Encore Career Institute has been gathering steam ever since it was founded earlier this year.
It used to be that at around 65, Americans would be able to retire and live off a cushy pension plan, Social Security and other benefits. However, that reality has long become fantasy.
USA Today recently reached out to baby boomer readers and asked them how they were using the second half of their life for transformation.
Many small business owners getting ready for retirement predict that they will keep working after 65, but in different capacities.
A new Gallup poll confirms what many baby boomers have known for a while - more Americans are planning to stay in the workforce beyond traditional retirement age.
Working in retirement is expected to be a reality for the majority of Americans. Baby boomers don't want to sit still in retirement, so they're planning to stay on the job while enjoying the leisure of retirement at the same time.
When you ask boomers about their retirement plans, you're more likely hear that they want to make a difference and keep working rather than fully retire.
Many baby boomers aren't thinking about retirement in terms of when they'll stop working.
Findings from the Social Security Administration reveal that almost 31 percent of Americans age 71 to 74 were still receiving an income of some kind in 2008. Almost half of those who were age 65 to 69 were found to be doing the same.
As boomers look toward the future of their careers, they don't see retirement as a time to stop working. Instead, they see it as the chance to begin something new.
After interviewing hundreds of Americans between the ages of 47 and 65, researchers found that 79 percent of boomers estimated that they will retire later than they had originally planned.
Active baby boomers across the country are choosing to eschew traditional retirement in favor of working longer, and many are electing to do an "encore" career.
Retirement may not be a full-time commitment for baby boomers - many are seeking part-time positions as ways to stay busy and learn new skills.
Retirees often have valuable skills and wisdom that they can teach to others, while reaping the benefit of earning additional income.
The influential baby boomer demographic is expected to reinvent retirement, and many are planning to work well past the traditional retirement age.
Whether choosing to work out of pleasure or necessity, it appears that more baby boomers are deciding to stay on the job for a few more years.
After 84 years of working, Sally Gordon, 102, is deciding to call it quits as an assistant sergeant-at-arms for the Nebraska government.
A new Gallup poll has discovered that nonretired Americans are now forecasting that they will be retiring from work later than ever at 66-years-old on average. In 1995, Americans predicted that they would retire by 60.
Recently, 97-year-old Agnes Zhelesnik decided to help her class of preschoolers learn with the help of some fresh banana bread. She explained that it was all part of teaching the kids the alphabet.
At 65, Carl Wheeler has led a successful career as an engineer. But, instead of retiring, he's now working on giving back to the community and using his lifetime of experience in the process.
Many Americans have been left struggling after the recession, and a number of baby boomers have decided to take things into their own hands by starting their own businesses and becoming entrepreneurs.
American baby boomers aren't the only ones who are shaking up the traditional meaning of retirement. Their northern counterparts in Canada are doing the same.
More Americans are staying in the office in their 60s and 70s, which may actually be a good strategy for a more comfortable lifestyle.
Some analysts have dubbed members of the baby boomer generation "nevertirees," because many are planning to keep working during their retirement.
Many baby boomers approaching retirement want to relax but aren't ready to give up working entirely.
It’s no secret that many baby boomers expect to have a working retirement. The most recent Del Webb Baby Boomer Survey found that more than 70 percent of baby boomers anticipate working in some fashion.
A Barclays Wealth Insight report from September 2010 has gone as far to dub these boomers as the "nevertirees."