Why "Traditional" Retirement Is a Myth

Why "Traditional" Retirement Is a Myth
AP Photo/Brennan Linsley

When we talk about retirement, we talk about shifting the balance of our lives away from active employment into something else—and it causes a lot of anxiety for nearly every American worker.

Once, retirement meant collecting Social Security checks, puttering around the house, traveling, maybe some golf, volunteering and generally not having to punch a clock. You'd let the gold watch glint under the Florida sun. Now, retirement is a nebulous concept that has no universal definition, especially when you cross-examine 20-, 30-, 40-, 50-, and 60-somethings, according to the Transamerica Center for Retirement Studies, with attitudes ranging from “cautious” to “committed” to “frazzled.” In many senses, it's a work-until-you-drop world, at least with many retirees taking on encore careers after they've officially left the workforce.

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