Baby Boomers Changing Retirement Expectations

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This pardigm shift to a new type of retirement that will include periods of work for most Americans is a positive cultural change. Individuals nearing traditional retirement years have a vast wealth of knowledge and experience which previously was lost as they left the work force. Today these experts have the ability to share their life experiences either through volunteer opportunities or by creating a "work at will" situation where they identify ways to produce supplemental income while pursuing their passions. For some, it may involve a combination of travel and teaching by contracting with a Cruise line to teach or lecture on a skill they spent a lifetime developing in return for free room and board.
With advances in medicine and technology, expanded longevity will provide greater opportunities to experience life on our terms.

James C. Abel, CFP®, ChFC®, CLU®, CRPC®, AEP® of UT 2:22PM July 23, 2011

Planning for retirement is indeed complex. You need to plan to have enough money to cover your monthly expenses for as long as you will live. And you also need to have a plan for health care -- out of pocket health care expenses are higher than most people imagine and Long Term Care costs are extremely expensive and not covered by Medicare.
Retirement income usually comes from Social Security, your own savings and -- if you are lucky -- a pension. NewRetirement has just released a comprehensive retirement calculator that breaks down how your assets can help you achieve your goals later in life, we well as providing personalized tips for extra saving. https://www.newretirement.com/retirement-calculator.aspx

Sean O'Hara of CA 1:18PM July 21, 2011

I think people are scared to walk away from employment full time right now. It is all about security for most and that means keeping some sort of employment under their belt. For many winding down to part-time employment is just as good as walking away from it entirely.

YourOwnRetirement.com of CT 3:10PM July 18, 2011