Not Ready to Retire? 6 Ways Retirees Can Keep Earning
Retirement is hard enough to plan for without a global pandemic in play. But now that the COVID-19 disease is wreaking havoc on lives, economies, and retirement accounts, your original plan for your senior years may not be workable. When you're faced with a smaller nest egg and a lot of financial uncertainty, your simplest move may be to keep working.
You wouldn't be alone in that strategy. Even before the novel coronavirus became a household name, more and more Americans were staying in the workforce past the traditional retirement age. As of July 2019, nearly 20% of U.S. adults aged 65 and older had full- or part-time jobs, according to Pew Research. That translates to nearly 10.5 million people and 6.6% of the workforce.
Nineteen years prior, in 2000, older Americans accounted for just 3% of workers. Longer life expectancies and the increased financial burden of retirement are behind the trend.
Source Fool.com
