By Adam Hardy
Source: MSN
Many retirement-age Americans are planning to continue working — forever.
Some 51% of employed Americans 65 or older say they expect to work “indefinitely,” according to a report from Asset Preservation, a financial advisory firm. Meanwhile, about 6 in 10 respondents say they plan to work “at least five more years” before retiring, putting the earliest age they would consider retiring at 70.
“Financial insecurity and related concerns are a driving reason for this decision, but they’re only part of the bigger picture,” says Stewart Willis, financial advisor and president of the firm, in the report. “Some people continue to work because they’re not quite ready to quit. Others find their job gives them a sense of purpose or helps them feel valued or mentally engaged.”
The analysis is based on the firm’s poll of 1,000 Americans aged 65 to 99 who are still working either part- or full-time.