Retirees, Early Retirement and the New Retirement

Here are some of the latest news stories about retirees, early retirement, and the new retirement. Some are good and some not-so-good:

Number of Retirees Worried About Finances Has More Than Doubled BankInvestmentConsultant.com - By Money Management Executive A full 49% of retirees are insecure about their financial future, up from only 20% who were afraid a year ago, ...

Retiree plans ruined by financial crisis ABC Online - AustraliaBy George Roberts for PM New research shows that the Global Financial Crisis has ruined the plans of about half of Australia's self-funded retirees.

Charles Schwab Study Finds 9.5 Million Retirees Hope to Re-Enter ... June was another difficult month for American workers with a net loss of 467000 jobs, compared with 322000 in May Despite diminishing employment opportunities and an economy threatening job security, new research by Charles Schwab & Co., Inc shows that as many as 9.5 million retired Americans are considering at least a partial return to the workforce and 32 percent of those currently employed expect to hold their job and delay retirement.

"It’s a challenging time to be facing retirement," said Rich Rosso, financial consultant at Charles Schwab’s Houston branch. "The situation many Americans have found themselves in illustrates the importance of long term retirement planning. But in the short term there are also a host of things people can consider to help smooth the ride."

RETIRING: Seven Keys To A Successful Retirement Wall Street Journal -Rather than sitting around doing nothing in retirement, would-be retirees should scope out what they want to do long before rolling over ...

Here are some resources to help you retire happy, wild, and free:

Where to Retire

Best Retirement Jobs

Retire Happy

Health in Retirement

The New Retirement - Retire at 70, 80, or 90

The turmoil in the financial industry and markets in recent days has caused serious anxiety among retirees or near-retirees, as they have seen their savings plummet in recent days, The Wall Street Journal reports.

Either they are now planning to stay in the workforce longer, or they are-in many cases, reluctantly-looking to get back to work.

As many financial planners put it, it's a brand new reality for an entire generation of Baby Boomers.

And it's no wonder, a startling 59 percent of workers age 55 or older have less than $100,000 in savings and investments, excluding the value of their home, according to the Employee Benefit Research Institute. Another 18 percent have between $100,000 and $249,999, and only 23 percent have $250,000 or more.

Many people who were looking to retire in the near future are now expecting to work until they are 70, 80, or 90.

RetirementJobs.com reported the inquiries into its online resume writing service doubled in the past week, with visitors saying they need to return to the workforce due to the economy.


Note: These Retirement Quotes Come from The 237 Best Things Ever Said about Retirement