18 choose your ideal place
of leisure is only a few generations
old,” he explains. “Historically, people have stayed productive as long as
their health would let them.” Today’s
retirees are increasingly choosing to
One of the best things about reaching retirement age is the ability to re-invent yourself. Creating a new career,
working part-time in an industry
you’ve always wanted, starting a new
business or volunteering your time
can change your life for the better.
With the economic downturn,
Baby Boomers have seen some re-
tirement investments decline, and
need to assure that they don’t out-
live their assets. According to AARP’s
recent “Work and Career Study”
survey, the most common reason
older workers cite for staying in the
workforce is the need for money.
Those who keep working into their
60s also benefit from maintaining
health insurance coverage with their
employers, since retirees aren’t eligible
for Medicare until age 65.
Would-be retirees should con-
sult a financial planner to determine
how long they need to work and how
much they need to save to avoid run-
ning out of money in retirement.
The other major reason for working that AARP members cite is enjoy-