For Boomers Easy Transitions to Retirement Often a Bust.


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70% of Boomers (people born 1946 to 1964) either don’t plan to retire, are already working past the age of 65 or expect to do so.

42% would rather phase into retirement by gradually reducing their hours–yet only…

29% of boomers said that their employers offered flexible retirement transition options.

So, for many transitioning into retirement is an all or nothing proposition.

Still, even if they don’t want to be full time, many want to continue working at their jobs past 65–

80% citing financial reasons and…

72% saying that they’d like to continue at their jobs, in at least some capacity, for healthy aging.

Despite the fact that many boomers expect to work past 65, not many are readying themselves by focusing on updating their job skills, financial planning, and their health.

Hopefully, the future will hold more opportunities for Boomers to enjoy phased retirement. However, according the Federal Reserve’s “Report on the Economic Well-Being of U.S. Households,”…

50% of retirees in 2017 retired before 62 and…

25% retired between 62 and 64.

Source: Transamerica


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