Our daily roundup of retirement news your clients may be thinking about.
The retirement plan that never happened Baby boomers are changing the definition of retirement as most of them remain in the workforce and have no plans of leaving, according to this article on CNBC. The Census Bureau indicates workers aged 65 and above accounted for more than 16% of the labor force in 2010, up from 12.1% in 1990. "To think that you can finance a 40-year retirement is mathematically impossible. ... Baby boomers do not envision not working," says Catherine Collinson, president of the Transamerica Center for Retirement Studies. --CNBC
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access