Take our Positive Aging Test

Find a therapist specialized in aging concerns

Many Americans plan to work into their 70s or never retire.

Others seek a phased retirement in which one scales back responsibilities.

Working provides not just income but purpose.

According to a recent Transamerica Center study, 57 percent of baby boomer workers believe they will retire sometime in their 70s or don’t plan on retiring at all. Some 48 percent of U.S. workers believe they’ll have a “phased retirement,” where they would gradually wind down their responsibilities and job duties to have more leisure time.

If or when one should retire is a wholly personal decision based on many factors, including how much one likes the job (and the boss, if there is one). A slew of other variables goes into the mix, such as how much money an individual has tucked away and, as important, what one plans to do while retired. (Some retirees complete their bucket list in six months and then have no idea how to spend the next 20 or so years they may have.) How long one expects to live is........

© Psychology Today