Retirement
for the baby boomers is likely to be far
different from what their parents experienced. Work will probably be an
integral part of everyday life, both to meet financial requirements and to keep
busy during an increasing lifespan. Workers approaching retirement should plan
now for their pending
retirement career.
Most baby
boomers (72 percent) say they plan to keep working in some capacity after retirement, according
to a 2010 Del Webb survey. The top reason for working in retirement is to ward off boredom and keep busy, while financial necessity came in
second. Other reasons for delaying retirement include self-satisfaction and
enjoying the job. Some employees are planning to continue working well into the
traditional retirement years.
A recent
Wells Fargo survey found that 25 percent of middle class Americans say they
will need to work until at least 80 to live comfortably in retirement.
If seniors will need to work during
their retirement years, the nature of the job becomes increasingly important.
During our first career we discovered what we are good at, what we like to do,
and what we dread doing every
day. This knowledge can help us prepare for our second act.
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VOCABULARY
1. baby boomers (noun) - someone
born during a period when a lot of babies were born, especially between 1946
and 1964
Example: a television
program that is popular among baby boomers
2. pending (adj.) - not yet decided or settled: happening
or likely to happen soon
Example: the pending election
3. capacity(noun) - someone's ability to do
something;
Example: a child's capacity for
learning
4. ward off (verb) - to avoid
being hit by (something); to do something to try to protect yourself from
something bad, such as illness, danger, or attack
Example: I tried
different remedies to ward off a cold.
5. Dread (verb) - to feel anxious or worried about
something that is going to happen or may happen
Example: She dreaded making
speeches in front of large audiences.
QUESTIONS FOR DISCUSSION
1. At what age do
people usually retire in your country?
2. What do you think
you will do after you retire?
3. How much money do
you think you need to retire with your lifestyle?
4. Talk about
retirement in your country.
