Great Moments In Euphemism
Behold this one in USA Today. Or don’t. Chances are you’ve read this story already, with only slight variations: lots of Boomers who appeared to be in good shape a few years ago (or as recently as last year), now find some combination of lost jobs, lowered wages, reduced retirement plans, and all the housing-bubble fallout have forced them to keep working (assuming they can even find jobs) rather than start their long-anticipated retirements anytime soon.
But the last three paragraphs stood out:
Christine Neilson, 58, a teacher in Indialantic, Fla., had planned to retire at 62. Now, she expects to work until she is 65 or 66 because her salary has been frozen for two years, and her retirement savings have taken a nose dive.In other words, not retire.
"We have to look at retirement differently," she says. "They always say that if you are going to work in retirement, do the things that you love to do. So I'm not going to complain. I love teaching."
Baby Boomers such as Neilson may change retirement. "They may re-create themselves so that they can do something that is productive and still earn a paycheck," [financial planner Sheryl] Garrett says.