Workers of retirement age, including many baby boomers, plan on working after retirement. What are they going to do?
In a recent annual survey, only 16% of workers feel they will be able to comfortably retire.
Some of this is self inflicted...a result of no or poor planning. 27% say they have less than $1,000 in savings. Only 54% have saved more than $25,000...how far will that go?
One of the few mantras that financial planners espouse that make sense is everyone should have at least 6 months expenditures set aside for emergencies...regardless of retiring or not. Not too many are listening.
So what will they do? If they plan to move to a popular retirement state...the Carolinas, Florida or Arizona...they will find many retirees competing for regular jobs. There are just so many Walmart greeters' slots.
The answer many will discover is they will be forced to work from home...not that working from home is bad, it is not...but what to do at home?
