Traditional retirement looks something like this: After working loyally for decades as a company employee, you are gifted a watch, thrown a festive farewell party and you look forward to a next chapter filled with new activities — and no work.
Currently, many retirees are sticking with tradition, notes Meghan Murphy, who analyzes retirement-savings trends for an investment firm. Referencing the results of a recent study, Murphy shares that the average retirement age has been holding steady for the last 10 years at age 62. But Murphy also foresees changes with the next generation; she notes an increasing trend in clients who talk about continuing work and setting new professional goals during retirement.
Some pioneering retirees are already shaking up their lifestyles and challenging retirement norms. The Employment Benefit Research Institute 2017 Retirement Confidence Study shows that Americans preparing for retirement are doing things differently: retiring later, staying active and even working flex jobs.
If you’re planning to exit (or gradually retreat from) the workforce in 30 or so years, your golden years could be a chance to switch industries — and have fun doing it. Here’s a look at how you can start planning your own unique future life after retirement.