Some boomers are already in their early fifties, and retirement may be just around the corner if they intend to retire early. For other boomers, retirement means only shifting gears, an opportunity to change careers or start a business. Still other boomers have had retirement forced upon them. As downsizing victims, many have found it difficult to get another job that matches the one they lost. They want to work only part-time or find a less pressured job.
Boomers can also read the longevity charts.
Unlike their parents and their older siblings, they don't intend to cease being consumers once they retire. At age 52, they expect to live another 30 or more years. Even for many who have plenty of money in their retirement nest egg, work is an important part in their retirement planning. Boomers, says a recent AARP report, are not about to become an idle generation. The AARP says their generation needs more money than their parents' generation to live comfortably and they are more self-indulgent.