More Retirement Horror
USA Today is doing a great job of torturing me and every other baby boomer this morning.
Their cover story, “Many Americans retire years before they want to,” includes the following:
- The stark reality is that most of today’s middle-age workers who want to continue working after 60 or even 65 will need to find a new source of income.
- The average period of unemployment in 2005 was 24.1 weeks for job seekers 55 and older, compared with just 17.8 weeks for those under 55, a report by AARP found.
- Boomers have a financial incentive to work past 65…Individuals can start taking partial Social Security benefits at 62, but if they do, they’ll continue to receive a reduced amount for the rest of their lives.
For the full horror show, read the article.
The story does include one bright spot, however. There is a Wellesley, Mass.-based company called Retirementjobs.com that specializes in finding jobs for retirees.
