Traditional Retirement Possibly Becoming a Thing of the Past

Traditional Retirement Possibly Becoming a Thing of the Past

retirement

(USA Today) – It may be time to redefine retirement.

A new survey of American workers from the Transamerica Center for Retirement Studies found that 82% of the respondents age 60 and older either are, or expect to keep working past the age of 65. Among all workers, regardless of age, 20% expect to keep on working as long as possible in their current job or a similar one.

“The days of the gold-watch retirement where we have an office party and maybe some punch and cookies and never work again are more mythical than a reality,” said Catherine Collinson, president of the retirement studies center. “Very few workers actually envision that type of retirement and many plan to keep on working part-time even after they retire.

“It even raises the question is retirement the right word.”

The new retirement horizon should encourage employers to reconsider the way they view their staffing.

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