The baby boomer generation seems to be taking a new approach as they come close to the typical retirement age of 65. According to a recent Gallup poll, only 24 percent of people in this age group expected to retire at 65, and 10 percent indicated they had no plans on leaving the workforce.
Many boomers are electing for what are now being called “encore careers” as they hit retirement age. This thought process may be directly rooted in their concerns for maintaining financial security as they age.
Whatever the reasoning, this group is changing the traditional retirement model. See for yourself below.