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Money! with Stacy Johnson

100 EpisodesProduced by MoneyTalksNews.comWebsite

Welcome to Stacy Johnson's "Money!" A podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

28:27

The Pros and Cons of Working in Retirement feat. Paula Pant

Not long ago, the phrase "working in retirement" was an oxymoron, much like "bittersweet," "act naturally" or "hot water heater." After all, if you're working, you're by definition not retired.

But that was then. These days, working at least part-time while retired is increasingly common. According to one recent survey quoted in Forbes, 27% of pre-retirees said they planned to work part-time in retirement and among retirees, 19% are working part-time.

Why so much working during retirement? More likely than not, because of money. As we explained in articles like 8 Reasons Your Parents Had an Easier Retirement Than You Will, pensions are rapidly disappearing, replaced by much less reliable accounts like IRAs and 401(k)s.  And as retiree income is falling, costs are rising.

On the plus side, however, while more retirees may be forced back into the workplace to make ends meet, there are more ways than ever to bring in a bit of extra bacon.

In short, in my parent's generation, retirement meant not working at all. But for us Boomers, retirement is morphing into something different. It's not about doing nothing. It's about being productive and making money, but by doing what you want to do, rather than what you have to do.

What kind of work will today's (or tomorrow's) retiree look forward to doing? Will it be easy to find pleasant, lucrative work? Should we start long before we retire?

In this week's "Money" podcast, we're going to find answers to these questions, as well as many more. Our guest is author and super-popular podcaster Paula Pant from Afford Anything. Smart, funny and knowledgeable, you'll have a good time listening to her.

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