Retirement News : Seniors : Our dreams for retirement often include another job

Our dreams for retirement often include another job

Date Added: 06-10-2005

Baby Boomers want to keep working on some level - full-time, part-time, whenever-they-want-time.

Read the excerpt below.

10/3/2005 
 
  By SHARON LINSTEDT

How old is "old"? When should workers retire? Does retirement mean totally stopping work, or a mix of work and leisure?
A generation ago, these questions had fairly straight forward answers. These days a confluence of increased longevity, the financial implications of a living longer, and changing attitudes about what constitutes our "golden years," has opened the door to a variety of responses.

British-based HSBC Holdings, the parent of HSBC Bank USA, is out with a global survey of attitudes regarding aging and retirement, which found 80 percent of workers think mandatory retirement should be scrapped, allowing Baby Boomers and those who will follow them to be flexible about their work-lives at ages 50, 60, 70 and even 80.

In the U.S., 93 percent of respondents said they should be able to go on working at any age, if they are still capable of doing the job.

A further breakdown of those responses found:

• 46 percent want to move back and forth between work and leisure when they reach traditional retirement age;

• 21 percent want to work part-time;

• 11 percent expect to work full-time;

• 19 percent said they never wanted to work for pay again.
 
Read the entire article:

http://www.buffalonews.com/editorial/20051003/1073881.asp