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The new "wildcard" of retirement planning
SunAmerica Financial Group recently released data that revealed that many baby boomers are planning to stay on the workforce for at least another five years before fully retiring. Not only that, two-thirds think that it would be ideal to have at least some work on the side during their retirement.
However, President Jay Wintrob recently explained to CNBC that there are other new variables to take into account when planning, too.
"Our study revealed family assistance to be the new 'wildcard,' as pre-retirees must balance their retirement plans with the possibility of having to financially and emotionally support aging relatives, adult children, grandchildren, and siblings. Nearly half expect they will need to provide financial assistance to family members," he said. He added that 70 percent expected to assist adult children in at least some capacity.
Of course, just because you're still working or helping family members, it doesn't mean that you don't have to delay some of the benefits of retirement for later. Some retirement communities, such as those designed by Del Webb, offer amenities built with the working retiree in mind. Many include business centers that are furnished with laptops, financial papers and wireless connectivity, which allow homeowners to do some telecommuting in the morning and be ready for something more leisurely by late afternoon. On the flip side, social centers and gyms are open later, so you can still enjoy time with friends when you return from the office.
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