On January 1, 2011, the first of 79 million U.S. Baby Boomers turned age 65. The first decade of the new millennium has passed with a big boom and a lot of bust. The new generation of retirees is wondering what its golden years will look like. Ask people in their 60s when they plan to retire, and more than a few might tell you they’re not sure. For many, post-retirement years will include full-or part-time employment.
Older workers and recent retirees are facing into the headwinds of the Great Recession with little time to correct course. How are they redefining the concept of retirement to achieve their goals” Will they relocate after reaching 65? What will drive their decisions?