In 2020, 74% of workers said they expected to work for pay after retiring from their regular jobs, but only 27% of retirees said they had actually done so. This large gap between expectation and reality has been fairly consistent in surveys over the past 20 years, and there is no reason to expect it will change. So it may be unwise to place too much emphasis on income from work in your retirement strategy.
Also in this issue:
- Year-End 2020 Tax Tips
- Seeking Sun or Savings? Explore a Retirement Move
- Lessons from the Lockdown: A Back-to-Basics Holiday