“Unretirement is becoming more common, researchers report. A 2010 analysis by Nicole Maestas, an economist at Harvard Medical School, found that more than a quarter of retirees later resumed working. A more recent survey from RAND Corporation, the nonprofit research firm, published in 2017, found almost 40% of workers over 65 had previously, at some point, retired.”
The year 2030 marks an important demographic turning point in U.S. history according to the U.S. Census Bureau’s 2017 National Population Projections. By 2030, all baby boomers will be older than age 65. This will expand the size of the older population so that 1 in every 5 residents will be retirement age.
Editors at InternationalLiving.com are seeing more Baby Boomers taking advantage of good-value opportunities abroad — for medical care, roving retirement, or simply travel, Jennifer Stevens, Executive Editor of International Living, says. “Retirees are actively looking beyond our borders for savings, and they’re embracing their sense of adventure and striking out in greater numbers than ever.”
The American Institute for Economic Research (AIER) has released a new study examining retirement draw-down strategies, moving beyond the standard 4% Rule to take into account the full range of financial risks and opportunities that retirees will likely face. The AIER analysis finds that no single rule works for everyone; that the early retirement years matter most in successful retirement finance; and that a flexible draw-down strategy leads to better retirement outcomes.