Encore! What Do you Mean "Retirement"?

Daily Stat | November 07, 2012 | Topics: Retirement,  Investing for Income 

31%: Workforce age 50 and over

Increasingly, retirement does not mean slowing down. Instead, it may mean transitioning to an encore career, or simply a next phase of life to pursue a passion. According to the American Association of Retired Persons, the number of workers age 50 and over is soaring—from 20% of the workforce in 1996 to 31% today.

If you are still working and thinking about your encore career, save as much as you can and invest in the right way. If you are in retirement, keep expenses in check and work closely with your financial advisor to ensure that you have a strong financial foundation to explore options around volunteering or starting your own business.

Source: AARP

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