Baby Boomers seem unwilling to give up work and follow a “traditional” definition of retirement.
In a survey commissioned by Bell Investment Advisors, an Oakland, California-based wealth management firm, 26% of Boomers reaching 60 in 2007 said retirement means "pursuing personal interests and passions without regard to making money, suc
h as charitable work."
Another 20% said their definition of retirement is “nothing changes, I hope to work as long as I am able to.”
Boomers who believe they have enough assets to retire comfortably are most likely to say they will pursue their personal interests and passions, while those who believe they don't have enough to retire or retire comfortably will work as long as possible, the survey said.
To explore out what affluent Baby Boomers are thinking and doing about retirement as they reach this milestone birthday, Bell Investment Advisors commissioned the Opinion Research Corporation (ORC) to survey Boomers turning 60 in 2007. ORC conducted a telephone survey of 500 men and women born in 1947 with investment assets of $1 million or more. The survey consisted of 17 questions to assess attitudes and determine financial preparedness.
Bell Investment Advisors provides personalized financial planning, investment management and career planning services. http://www.bellinvest.com/index.html
In a survey commissioned by Bell Investment Advisors, an Oakland, California-based wealth management firm, 26% of Boomers reaching 60 in 2007 said retirement means "pursuing personal interests and passions without regard to making money, suc
h as charitable work."Another 20% said their definition of retirement is “nothing changes, I hope to work as long as I am able to.”
Boomers who believe they have enough assets to retire comfortably are most likely to say they will pursue their personal interests and passions, while those who believe they don't have enough to retire or retire comfortably will work as long as possible, the survey said.
To explore out what affluent Baby Boomers are thinking and doing about retirement as they reach this milestone birthday, Bell Investment Advisors commissioned the Opinion Research Corporation (ORC) to survey Boomers turning 60 in 2007. ORC conducted a telephone survey of 500 men and women born in 1947 with investment assets of $1 million or more. The survey consisted of 17 questions to assess attitudes and determine financial preparedness.
Bell Investment Advisors provides personalized financial planning, investment management and career planning services. http://www.bellinvest.com/index.html
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