Latest News
Why The New Retirement Involves Working Past 65
Calling all linguists and word inventors: we may need to coin a new term for retirement — or at least redefine the word. The 16th annual retirement survey of 4,550 full-time and part-time workers by the Transamerica Center for Retirement Studies found that 51% plan to keep working, at least part-time, in retirement, a finding fairly consistent across age groups. The major motivations to continue working, cited by 61% of respondents? Income and health benefits. Additionally, older workers are more likely to say they will not retire at or before age 65, with a full 82% of 60-somethings putting themselves in one of these categories. Instead, 64% of 60-somethings plan to retire after 65 and 18% plan not to retire at all. Read more…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.