The oldest of the baby boomers are 68 (turning 69 this year), but you won’t find all of them kicking back on a beach somewhere…
In fact, you’ll find many of them still getting up and going to work everyday like everyone else—you might even be one of these baby boomers entering the traditional retirement age but still having to keep a job.
Where did retirement go? What can you expect entering retirement age? And how can you bring retirement closer?
It’s sad to see, but people in their late 60s simply have to stay apart of the workforce. They don’t see any other option…
16% of workers were 65 years of age or older in 2010, which is a scary rise from the 1990 figure of 12.1%. And that number is likely to keep climbing as more and more baby boomers reach that age and beyond.
Retirement is currently being redefined, and nobody can know for sure where it will end up.
Right now, some people entering retirement age plan on working part-time to keep from taking from the nest egg too early. Some are sticking with full-time work for now in order to grow that nest egg. And the scariest realization is that many baby boomers are planning to never retire at all…
Something that might ease this transition to more 65-and-olders working is phased retirement, in which those reaching higher ages can cut back on hours but stay employed.
This idea makes a lot of sense in theory (and could become much more prominent very soon), but many employers aren’t excited to offer that option just yet.
The trend of baby boomers working into their late 60s and 70s is clearly years ahead of the phased retirement trend.
But it doesn’t have to be like this for you…
Think about the baby boomers who will still be able to retire at 65 or earlier:
- The successful entrepreneurs…
- The successful stock market investors…
- The successful real estate investors…
And that’s where The Midas Legacy can help.
We’re here to offer you a chance to become all 3 of the above, and although we have the resources to get you there, you have to be the one to take the first step toward each one…
