MassINC, a public policy think tank, released its latest research report entitled"A Generation in Transition: A Survey of Bay State Baby Boomers."
Nearly half of all Bay State Baby Boomers (49 percent) expect to retire later than age 65, including 11 percent who say they plan to never retire. And about two-thirds of boomers (65 percent)expect to work after they retire.Though some said they will have to work for financial reasons, the majority will keep working because they want to. What will they do? Working part time, consulting, starting a business, buying a business, teaching: these are just a few ways that tomorrow's retirees willredefine retirement.
What, then, is retirement?
The term "retirement" no longer fits a stage of life which may last 30 years, and offer the opportunity to explore a wide range of active roles related to career, family, civic involvement, the arts, spirituality or entrepreneurialism.
How can you be retired if you are still working and earning income? Is a 75-year-old with a part-time job at Home Depot retired? Is a 68-year-old woman starting her own travel business retired?