What do you plan to do the first day you actually retire? Plan that dream trip? Write that first page of your novel? Explore new opportunities to partake in hobbies or other interests? Just take a deep breath and learn to relax?
If you are like most of the retirees surveyed in the 2018 Retirement Preparedness Study, your retirement years may look a lot like your working years.
Or, at least, that is what working-age Americans foresee for their retirement futures. Commissioned by PGIM Investments and conducted by The Harris Poll, the study found that 52% of pre-retiree baby boomers expect to have a full-time or part-time job during retirement.
This finding is in sharp contrast to the lifestyle of current retirees, with only 6% of them working for a paycheck. Pre-retiree Gen Xers are even more convinced they will need to work in retirement, according to the study, as a substantial 58% responded this way.
