Planning on Working in Retirement? What if You Can’t?

The statistics are  impressive: 79% of future retirees expecting to hold a job in their retirement years, for example. For some, working fills a social need; for others it fills an economic need. And for still others, having this as a planning option enables them to take a less serious approach to accumulating a nest egg for those retirement years. That’s an OK strategy, perhaps, unless for some reason that option becomes one that circumstances force out of the financial planning equation.

Columnist Michelle Singletary, in a post on, examines the gradually changing retirement landscape, focusing on the impact on those who find themselves unable to stay in the workforce as long as they planned. Citing health problems, layoffs, age discrimination, and caregiving needs as the potential roadblocks facing this strategy, she sets forth the downside of relying on a “keep working” blueprint for retirement finances.

Read Ms. Singletary’s post here, and also check out the Association of Mature American Citizen’s (AMAC) “Social Security Guarantee Act of 2017” for thoughts on a plan designed to “provide a means for all earners to have more income available at retirement.” This portion of AMAC’s proposed bi-partisan legislative framework is designed to aid workers in accumulating savings for retirement, and would go a long way toward addressing the needs of those unable to work beyond their normal retirement years. Learn more about AMAC’s proposed Act here…


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