The thought of leaving the work force appears foreign to affluent Baby Boomers, 75% of whom plan to continue working, at least on a part-time basis, beyond the traditional retirement age of 65.

A Spectrem Group study of the retirement plans of affluent Baby Boomers – those born between 1946 and 1964 – shows 36% intend to work a reduced schedule, 27% plan to start a new career and 12% don’t expect to ever retire.

Overall, Baby Boomers expect to retire much later in life than their parents did. Nearly half (48%) of the Baby Boom generation expect to work until they reach at least 65, an age at which 76% of their parents had already retired.

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