Many Baby Boomers and seniors are finding themselves returning to the job market – either full time after being retired or part time in a “working retirement” state. Finding work is challenging:
Full-time retirement is simply more difficult than it was a generation ago. It’s certainly more expensive. Many employers have reduced or eliminated retiree health benefits, and the full retirement age for Social Security benefits (66) is higher than it once was – with more increases on the table. Would-be retirees can play some financial defense as well: The longer you can make money, the less you need to dip into your retirement savings, which has the added benefit of allowing recession-damaged portfolios a little more time to recover.
Read more: How to Find a Job in Retirement