Working for the Love of It


SURVEY SAVVY

Hoping to retire in your 50s?

Good luck! Most of us will not be so fortunate.

MetLife’s “Living Longer, Working Longer” survey, published in April, found that six out of 10 adults between the ages of 60 and 65 were either working or looking for a job. And so were 37% of those aged 66 to 70.

Not surprisingly, money was the top reason most of those in their early 60s stayed in the workforce, cited by 60%. But the 65+ group, with Social Security checks likely easing their financial burden, were working more for the sheer joy of it. Fully 72% said they worked to “stay active and engaged,” while 47% cited “the opportunity to do meaningful work.”

SPONSORED REPORT

Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

RESOURCES

Keeping you informed and prepared amid the coronavirus crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.