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New Retirement

The New Retirement Solution

“A smart women doesn’t retire – she simply reinvents!” Katana Abbott What does retirement mean to you?  Personally, I think we need a new word for it!  According to a new study by Age Wave, “Retirement no longer means the end of work.  Approximately 95% of pre-retirees expect to work in some capacity during their …

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Retirement Reimagined

“A smart woman never retires, she simply reinvents!” ~Katana Abbott I believe that work is the New Retirement Solution. So do more and more Baby Boomers who are exploring their options. In a recent Gallop Poll, 80% of Baby Boomers approaching retirement expect to continue working after retiring to supplement their pensions, Social Security, and …

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The New Retirement Solution

With over 10,000 Baby Boomers retiring every day, the dream of having enough money saved up to support you through the second half of your life can be daunting. According to a study by the National Institute on Retirement Security, “The average working household has virtually no retirement savings. When all households are included— not just households with retirement accounts—the median retirement account balance is $3,000 and $12,000.”

Randall Hansen, Ph.D., states that, “For many, retirement will indeed no longer signal the end of working, but more so a career and lifestyle transition, where the retiree has multiple options — such as continuing to work (though perhaps at a different pace), returning to school for additional training or education, changing careers, venturing into entrepreneurship, becoming more involved in volunteer work, or simply enjoying leisure and travel possibilities — a mix of working, learning, relaxing, and trying new things.”