2017 WINTER ISSUE | CHOICES 19
LIVING IT UP IN THE
RETIREMENT YEARS BY LONNIE BERRY hose little rascals who were born between 1946 and 1964 are hitting the retirement age. These â€œbaby boomersâ€? have finished their chosen careers and are entering retirement with several things going for them. They were fortunate enough to be born in a period where men and women can expect to live longer. A recent study done by the Social Security Administration, tells us that men at 65 can expect to live six years longer than a man who reached 65 in 1970. The same
study shows that women may expect to live an additional four years. A healthy man at the age of 65 can expect to live until the ripe old age of 83. A healthy female might easily live to 85. These retirement years are enhanced by the fact that those reaching that age are doing so in better health. The Urban Institute determined that adults reaching the age of 80 are more likely to enjoy better health than the same age group 20 years ago. Add the fact that most of these households had two incomes, and the potential retirement income is
also increased. In a study reported by CBS Moneywatch, 83 percent of all baby boomers have a retirement plan to fall back on, in addition to Social Security. So, what are all of these retirees going to do with their time? For most of them, the sky is the limit and they intend to make the most of it. Some are going to work well into their retirement years, in their chosen career, or in a new field. Others are returning to school to study or learn a new interest. While some are finding ways to serve their communities by finding volunteer opportunities.