The Benefits of Easing in to Retirement
An increasing number of workers are continuing to remain in the workforce past the mythical “age 65” mile marker, and there are sound reasons for this. In fact, This excerpt from a report appearing on reversemortgagealert.org puts this fact in numerical perspective: “According to data released by the U.S. Bureau of Labor Statistics, the labor force participation rate for Americans aged 65 to 74 years old grew from 16.3% in 1992 to 26.8% in 2012; it’s projected to reach 31.9% by the year 2022. For Americans 75 and older, this number will increase from 4.5% to a projected 10.5% in 2022.
So, even if you’re thinking about staying in the workforce longer than originally thought, you will likely at some point make an exit. This post by Anthony Engrassia on Rocky Mount Telegram will provide some thoughts on how to achieve a smoother transition into retirement. Read his post here…