If your retirement plan is to not retire, you're not alone


A new report claims Americans 65 and older are twice as likely to work now than those that age in 1985.

Gerald Hafer is executive director of the Association of Mature American Citizens.

"You know, it's not your father's retirement anymore."

Hafer says more companies are realizing the value of experienced workers.

"Companies are beginning to wake up to the fact that they need to keep older, retirement age people on the payrolls because of experience, loss, and that sort of thing."

The Bureau of Labor Statistics says “By 2024, baby boomers will have reached ages 60 to 78 and some of them are expected to continue working even after they qualify for Social Security benefits.”

Hafer says he's not surprised.

"Well, it's a sign that we're living longer, it's a sign that we're extending our productive lives, it's a sign that economically it's to our benefit to extend our resources."

Hafer says retiring at 65 means a lot of us have 20 or more years to go and it's hard to save up enough to not work for that long.


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