Working in retirement may be harder to do than you think.
About 75% of Boomers plan to work during their retirements. An article in today's New York Daily News suggests that there are barriers. The article quotes research by Alicia Munnell, director of the Center for Retirement Research at Boston College who in turn cited results from a survey done by Employee Benefit Research Institute.
Highlights of the article are:
- On average, those surveyed retire at age 62.
- "We need to have a policy to change real work patterns and then maybe we can discuss raising the normal retirement age under Social Security," she said.
- People want to slow down and current work rules don't allow that.
- Companies are skeptical about hiring older workers.