Surprise: Contrary to conventional wisdom, a new study seems to show that the first wave of Baby Boomers, born in 1946, isn't shunning retirement. They're retiring, despite expert predictions that they would not. According to the 2011 MetLife Study of Baby Boomers at 65, nearly half are now retired: 45% completely, and 14% partially. Of those Boomers who remain working, a little over a third plan to retire by age 68.
Of course, these people are just one segment of the Baby Boom generation. Moreover, with the economy in such a state of disarray, who knows what the trend will be going forward? If you're a Baby Boomer, have you retired? Do you plan to? When? What challenges do you face? Feel free to add your perspective to this blog.
And remember, regardless of your retirement status, good estate planning is vital to protecting your assets and your family!
Attorney Joseph S. Karp is a
Florida Bar Certified and Nationally Certified Elder Law Attorney focusing on
Elder Law, Probate, Estate Planning, Asset Protection, Special Needs Planning
and Estate Litigation. He is AV rated by Martindale Hubbell. Mr. Karp is the
founder of The Karp Law Firm, a South Florida law firm with offices in Palm
Beach Gardens, Boynton Beach and St. Lucie, Florida. Mr. Karp was named a
2011 SuperLawyer by SuperLawyer Magazine and a member of the 2011
Florida Legal Elite by Florida Trend Magazine. He is admitted to
practice law in New York as well as Florida. Visit Mr. Karp's Florida Elder Law and Estate Planning
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