And, there are those persons, for economic reasons, who need to work to sustain themselves. Many experts agree that Americans will need approximately 80 percent of the salary they earned in their highest earning years to maintain their current lifestyle in retirement, According to the Social Security Administration, social security and a company pension will account for about half of one's retirement income. Rix indicates that older workers are more likely to be self-employed. While that trend should continue, it is not a panacea. People who make changes and are successful do a lot of homework.
Location is a key.
Re-entering the workforce at an older age can be a job in itself. Robert Cresto, economic security representative with the AARP, encourages senior workers to position themselves positively to would-be employers. De-emphasize dates and talk about accomplishments. Before diving straight back into the career pool, always check with your local Social Security office. Resuming work after beginning Social Security benefits may jeopardize those benefits in the future.