HOW BABY BOOMERS WILL CHANGE RETIREMENT

Part 1: Many Baby Boomers Plan to Mix Work and Play

Many baby boomers plan to keep working and earning money during their retirement years, but will alternate between periods of work and leisure, according to a survey by Merrill Lynch.

Reinventing Retirement

The New Retirement Survey builds on the conventional wisdom that many baby boomers are not interested in pursuing a traditional retirement of leisure.

"Baby boomers fundamentally will reinvent retirement,” said James P. Gorman, president of the Merrill Lynch Global Private Client Group, in a news release about the survey. “With (baby) boomers living longer and remaining engaged and employed beyond age 65, many of the traditional financial assumptions regarding retirement need to be reexamined.”

Highlights of the Baby Boomer Survey.

Created with guidance from gerontologist and author Ken Dychtwald, Ph.D., The New Retirement Survey offers a preview of the different lifestyles, workstyles and recreation activities that baby boomers envision for their future.

Here are highlights of the survey, from a news release by Merrill Lynch:

Read entire article:

http://seniorliving.about.com/od/retirement/a/newboomerretire.htm

Sharon O'Brien
About.com
06 19 2010