will find that they must continue to work in some capacity after
"retirement". They will either start their own business or find
part-time, temporary or project employment. The primary reason is the
huge cost of out-of-pocket health care expense.
A couple retiring in 2007 at 65 will spend on the average $242,000
out-of-pocket on health care betrween now and the end of their
combined lifetimes. By the time most boomers retire this will be
substantially more. These costs include Medicare premiums, supplemental
insurance premiums and prescription drugs and all other health care
costs not covered by Medicare or insurance.
Boomers should be planning NOW for this eventuality. Talk with your
current employer. check out business you might consider starting, look
at job boards for older workers like RetiredBrains.com