Retirement isn't , and doubtless will never be, a neutral topic. Every retirement story is individual and unique. And if the person retiring happens to be you, that unique story becomes eminently significant, certainly emotional, and possibly life critical.

Granted, throughout our work lives before retirement, our work may became almost routine. And granted, we may have dreamed of the day once we could turn in our employee ID, say goodbye to our colleagues, and walk bent the parking zone for the last time. But once the curtain closes on Act II, we all know that it'll open again on Act III. The question is, what is going to happen in Act III, and can it all end happily and well?

With 77 million Baby Boomers within the before, during, or after stage of retiring, speculation is rampant about what we'll do, where we'll roll in the hay , and the way we'll find our thanks to whatever it'll be. there's even speculation about what retirement will appear as if once we've left our mark thereon , and shifted forever the traditions we inherited from those that retired before us.

Three predictions about the landscape of boomer retirement rise to the top:

There will be more older workers. Participation of older workers within the workforce will increase significantly.
Retirement will involve reinvention, not continuation. Career change will become the norm which will replace traditional retirement. we'll add retirement, but probably won't do an equivalent work we've wiped out the past. and that we will significantly alter the balance between work and leisure, cycling in and out of labor , or arranging to figure part-time, so as to preserve a minimum of a number of the freedoms related to traditional retirement.
Needed retirement guidance will include career redirection, not just financial advice. Peace of mind in retirement are going to be the maximum amount about personal purpose because it is about financial security. we'll need support and guidance from Career Counselors also as Financial Advisors.
More Older Workers

Retirement wont to mean the top of labor . Today, it means a rebalancing of labor and leisure. In fact, working in later life is increasingly becoming the norm. on the brink of eight out of ten pre-retirees say that ideally they might wish to include some add their retirement years. Only 23% define retirement as "stopping work entirely."

Between 2006 and 2011, the sole age cohort where the workforce grew as against decreasing was the 55+ group. This growth was impressive, with a rise of over 4 million 55+ within the workforce, in contrast to major drops in other age groups. And consistent with Department of Labor projections, participation rates of older workers will still increase.

Reinvention, Not Continuation

Retirement motivation now often includes a desire for continued purpose, productivity, stimulation, satisfaction and social connections. But it doesn't necessarily mean staying with an equivalent career. Over half us (51%) decide to enter a special line of labor in retirement.

And although most folks (71%) do decide to add retirement, the bulk folks are going to be seeking flexible work arrangements, like part-time work (39%) or going back and forth between periods of labor and leisure (24%), consistent with the 2013 Merrill Lynch Retirement Study, conducted in partnership with Age Wave, with over 6000 respondents. Only 8% folks decide to work full-time. this is often only partly a function of monetary necessity. Even among those folks who are affluent once we enter retirement, with $250,000 or more in assets and investments, 68% decide to add retirement. Of these, 29% will cycle between work and leisure and 34% will work part-time. Only 5% decide to work full-time.

Guidance Needed: Personal Purpose also As Financial Security

Income is merely a part of the image in our option to continue working after retirement. While money and financial security still be important, they're not the sole factor. For half us (48%) stimulation and satisfaction are the most reason we would like to still work. within the affluent group, 2 out of three (68%) name stimulation and satisfaction as their primary reason.

For those folks who have already retired from our primary careers, money comes second on our list of what we miss most about working. If 30 folks were gathered during a room and asked what we miss most since retirement, 10 would say that they miss the social connections most. Nine would say they most miss having a reliable income. Six would say they most miss having purpose and work goals; four would say the mental stimulation; two would say the employer insurance .

Clearly, then, in planning for our "reinvented" retirement, we'd like quite just financial advice. Equally essential is to possess guidance to "get it right" for our Act III life and work. consistent with Ken Dychtwald, called the "prophet" of the approaching "Aging Boom," there'll be an "almost unimaginably" huge demand for "third-age experience agents--- all-in-one travel agents, career counselors, matchmakers and life coaches" to guide Boomers through the method of inventing their optimum retirement life and work.

If what we would like in retirement is quite just money, then what we decide to do next when the curtain rises on Act III may be a critical life step that needs a profound process of: 1) breaking free from past work, 2) expanding and mixing pathways of what to try to to next, 3) reinventing SELF to clarify what we uniquely want to and may contribute, 4) rediscovering our next work, and 5) making our match and moving forward with vitality, enthusiasm and engagement (from "Shifting Gears to Your Life & Work After Retirement" by Carolee Duckworth and Marie Langworthy).


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