For many, retirement will in fact no longer mean the end of working. Instead, it will usher in a career and lifestyle transition, presenting multiple options. Working in retirement means different things to different people. Our old definitions of retirement no longer apply.
Consider these facts:
People work in retirement for a variety of reasons, including the opportunity to earn more money for a comfortable retirement and because they would be bored if they weren't working. This begs the question: Why do those working in retirement retire in the first place?
Not surprisingly, studies point to a variety of factors, including:
The majority do so for financial reasons—to be more economically comfortable or because their income from other sources would simply not be enough to live on. But a significant number report that they'd just be bored or feel unproductive or not useful if they were not working. They want to interact with people and stay physically and mentally active. In short, they enjoy working. In fact, a great many have no plans to leave the workforce entirely in the near future—or at all, if their health will allow it.
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