The New Retirement: Working

The New Retirement: Working is a research report that reveals American workers’ confidence in their ability to achieve a financially secure retirement is low. For many workers, their retirement strategy is simply to not retire or to continue working considerably longer than the traditional retirement age of 65. 

The research underscores how American workers are largely unprepared for retirement and, further, how relatively few have a backup plan in the event they are forced into retirement earlier than planned. While working longer is an important opportunity to help bridge a retirement savings gap, the idea of planning not to retire is not a viable retirement strategy. Setting goals, formulating a strategy, and preparing for the unexpected are necessary.

The research report is based on findings from the 12th Annual Transamerica Retirement Survey. It was conducted in 2011 and surveyed more than 4,000 workers.