Retirement News : Seniors : Baby boomers redefine, reshape life's next phase: Retirement

Baby boomers redefine, reshape life's next phase: Retirement

Date Added: 03-10-2005

Baby boom women won't be settle down into a life of gardening and golf, a new survey finds, they'll be using their financial clout to start second careers.

Read the excerpt below to find out more.

Boston Herald - United States

By Heather Walsh/Retirement/ Financial
Saturday, October 1, 2005

What do you think of when you hear the word, “retirement?” Time spent traveling or gardening? Not so, says the next generation of retiring women. In actuality, many women are rethinking retirement and proving the traditional scenarios of leisurely playtime or relaxing downtime obsolete.
 
     Retirement is being reinvented by many women, particularly by those in the baby boomer generation who are nearing traditional retirement age in the next few years, as a time to remain active and pursue other life goals, such as a second career.
 
     Recent research from “The Merrill Lynch New Retirement Survey” suggests that the majority of baby boomers look forward to working in some capacity and plan to cycle between periods of work and leisure throughout their retirement to meet their financial, as well as their emotional, needs.
 
     Boomer women, who, according to the study, are more financially savvy and empowered than previous generations, relate that they want to stay active and challenged during this next phase of their life.
 
Read the entire article:

http://business.bostonherald.com/womensBusiness/view.bg?articleid=104470