Retirement (n): removal or withdrawal from service, office, or business; withdrawal into privacy or seclusion.WRONG! With apologies to Webster’s Dictionary, this is no longer your father’s (or mother’s) retirement. Today’s retirees, and those approaching retirement, differ from their parents in a number of important ways. Baby boomers (those born between 1946 and 1964) are living longer, perhaps spending 30 or more years in retirement. As a group, they are healthier, more active physically and mentally, more affluent, more educated, and more likely to relocate after retiring. Although seemingly an oxymoron, more Boomers plan to continue working in retirement and view retirement as a process, rather than an end, with perhaps several forays into and out of the workforceThis truly is a “new” retirement. In fact, many believe the word “retirement” itself needs to be retired – the word no longer represents the porch-rocking, shuffle-board playing, early-bird dining, silver-haired stereotype of yore. So, how can you plan for a successful, happy transition into the second half of your life? I’d like to offer six secrets:Secret 1: Have Strong Social SupportWho would have known Barbra Streisand foreshadowed the results of a scientific study when she sang her song “People”? But did you… Read full this story
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