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The New Retirement: Why Many Are Choosing Work Over Leisure

Phil’s Tax Hacks · January 30, 2025

 

Today’s Hack

A recent article on Fortune highlights a growing trend among baby boomers: continuing to work well into their 60s and 70s. Surprisingly, this not out of necessity, but for the mental stimulation, social connections, and fulfillment that work provides. With nearly 20% of Americans over 65 still employed, this shift is challenging traditional views of retirement and sparking important conversations about what it means to truly retire.

Is retirement really about stepping away from work altogether, or is it about having the freedom to choose how to spend your time? In this episode, we explore the financial and lifestyle implications of this trend, discussing how longevity, purpose, and personal fulfillment are reshaping the retirement landscape.

Here’s some of what we discuss in this episode:

0:00 – Intro

2:20 – Loneliness and loss of purpose

4:53 – The impact of working in retirement on financial plans

8:09 – Generational differences toward work and retirement

11:21 – Technology and remote work in retirement

12:44 – Takeaways

The article that inspired this week’s show:

https://fortune.com/article/the-new-retirement-is-no-retirement-baby-boomers-are-keeping-jobs-well-into-their-sixties-and-seventies-because-they-like-going-to-work/

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome

 

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