Boomers On My Mind: Retire Or Rehire

April 6, 2012 12:00 AM
Boomers On My Mind: Retire Or Rehire
" BOSTON (CBS) – So is working going to be part of your retirement plan? You are not alone if it is! 80 percent of Boomers say they plan to work in retirement, many because they will have to.

Retire Or Rehire

An article in Business Week noted that “A lifetime of poor savings habits — coupled with the devastating impact on retirement portfolios of two bear markets in eight years — has convinced many boomers that they’ll have to put in more time at the office”.

According to an ING survey, four in 10 Americans believe the current economic climate will force them to retire up to 10 years later than originally expected or not at all.  Americans will remain at their jobs longer than ever before just to keep up with their bills and ensure food is on the table.  The survey results also noted that Americans are concerned about saving enough money for retirement.

The jobs most likely needing the graying population will be in sectors such as healthcare, education and social services.

A “bridge” job is something that will take you from your working career into full retirement. It’s a transition job "

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