JustCurious
Thinks s/he gets paid by the post
- Joined
- Sep 20, 2006
- Messages
- 1,396
This is an excerpt from an article by the Motley Fool...
"Unretirement" is the new retirement
Traditionally, workers have spent most of their adult lives employed, and either building up pensions or, in more recent decades, stashing money away in retirement accounts. Then at some point in their 60s, they leave their jobs and spend the rest of their years retired.
Today's workers, though, have a different idea of what their retirements will look like. A whopping 92% of workers currently in their 40s say they plan to keep working part-time in retirement, according to a survey by TD Ameritrade and The Harris Poll. Even among those in their 70s, 52% say they plan to continue working an average of 10 hours a week.
Additionally, many workers say they don't plan to ever fully retire. Among those in their 40s, 61% of respondents said they'd prefer to take year-long "mini-retirement breaks" while they're younger, and then work until a later age, rather than work continuously for four decades or more and then retire completely.
https://www.fool.com/retirement/2019/11/23/this-new-retirement-trend-could-mean-you-dont-need.aspx
I take issue with people who continue to work and claim to be retired, to me that is redefining what it means to be retired in a way that stretches the definition too far.
"Unretirement" is the new retirement
Traditionally, workers have spent most of their adult lives employed, and either building up pensions or, in more recent decades, stashing money away in retirement accounts. Then at some point in their 60s, they leave their jobs and spend the rest of their years retired.
Today's workers, though, have a different idea of what their retirements will look like. A whopping 92% of workers currently in their 40s say they plan to keep working part-time in retirement, according to a survey by TD Ameritrade and The Harris Poll. Even among those in their 70s, 52% say they plan to continue working an average of 10 hours a week.
Additionally, many workers say they don't plan to ever fully retire. Among those in their 40s, 61% of respondents said they'd prefer to take year-long "mini-retirement breaks" while they're younger, and then work until a later age, rather than work continuously for four decades or more and then retire completely.
https://www.fool.com/retirement/2019/11/23/this-new-retirement-trend-could-mean-you-dont-need.aspx
I take issue with people who continue to work and claim to be retired, to me that is redefining what it means to be retired in a way that stretches the definition too far.