11/19/2014 – Are You Ready for an Encore (Career)? (Black Rock)

One of the overlooked aspects of the retirement crisis is that retirement is an invention, one that has to be reinvented to suit new generations. What we think of as traditional retirement was codified in the 1930s when the Social Security Administration set normal retirement age at 65.

Today, we are living longer and are healthier than people in the 1930s. And while the retirement industry and government regulators are trying to build new structures that makes sense for today’s reality, millions of people approaching retirement age are responding by inventing a new phase in life, a transition period between their career and full retirement.

Read the full article at Black Rock.