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Factoid of the Day Friday, May 24, 2013
A recent Gallup survey revealed that 75% of U.S. workers say they plan to work past retirement age, according to Bloomberg Businessweek. Forty percent of those surveyed said they will work by choice, while 35% said they will work out of necessity. A MetLife study, however, found that 52% of Americans turning 67 (oldest baby boomers born in 1946) are already fully retired. Fourteen percent are retired but working part time or seasonally. Five percent are on disability, 2% are self-employed, 2% are employed part time and 1% are looking for work. So less than 25% of people age 67 are working full time. While many financial advisers encourage retirees to delay taking their Social Security benefits in order to increase the size of their monthly payments, the MetLife survey found that 43% of those polled opted to begin collecting Social Security earlier than they intended to.
 
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