According to retirement experts, most baby boomers in the United States can expect to work full or part-time after age 65. Increasingly, experts are saying that due to a variety of reasons, potential retirees may be surprised that their retirement nest egg is woefully inadequate in providing a means to “retire”.

Unfortunately, we aren’t saving enough. The average amount of $60,000 in a retirement savings account for those in their 50s is a mere pittance and surely not enough to provide income for 20 to 30 years of retirement. Some of that’s because we’ve had to spend because of job loss or other concerns. Or some of us have had lower wage jobs. But, many of us have been lured into the “gotta have it” attitude and have spent, spent, spent.

With increased frequency, baby boomers are going back to school to carve out second careers in the education or nursing fields in which benefits are assured and flexible hours may be available. Still others are opting for low-wage, part-time jobs in retail outlets, where the money may not be great, but the income flow is steady. Entrepreneurs are opening catering services as work at home businesses. Some are starting new high-tech businesses, developing their niche on the Internet.

All in all, it’s a new world for those wishing, or needing to be active beyond their age of retirement.

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