The End of Retirement as We Know It

Baby Boomers face a retirement like no generation before them, and rather than being the 'beginning of the end,' it's the beginning of a new life phase.

A road sign says "New Chapter Ahead," set against a pretty sunset.
(Image credit: Getty Images)

As the largest cohort of Baby Boomers start turning 65 this year, a point when most people traditionally stop working for a living, they will experience “a retirement” unlike any other generation.

For starters, they will be happier than previous generations of retirees, and rather than sit on a porch gazing at sunsets and looking backward, they want to do more, according to researchers. They will also live longer and have more energy thanks to advances in medicine, technology and living healthier. Significantly more people say they will work into their 70s than any prior generation. While many will struggle financially to live comfortably throughout their retirement, no generation has retired with as much money saved as the Boomers.

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Richard J. Leider
Founder, Inventure – The Purpose Company

Richard Leider is an Education Fellow with the Alliance for Lifetime Income’s Retirement Income Institute and Founder of Inventure – The Purpose Company, a firm created to guide individuals to live, work and lead on purpose. He is ranked by Forbes as one of the “Top 5” most respected coaches and is a contributing author to many coaching books. He is one of a select few coaches who have been invited to work with over 100,000 leaders from over 100 organizations such as AARP, Ameriprise, Blue Zones, Ericsson, Habitat for Humanity, Lifespark, Mayo Clinic, Modern Elder Academy, National Football League, Outward Bound, United Health Group and the U.S. Department of State.