Skip to main content

Experts labeled the birth of more than 76 million babies between 1946 and 1964 the “baby boom.”[i] It was America’s largest generation, although Millennials are on the verge of overtaking boomers.[ii] More than 65 million are still living today with about 10,000 retiring per day.[iii] The youngest will turn 67, full retirement age, in 2031, when the boomer population is projected to drop to 58.2 million.

What will they be doing?

Most of them will continue working.[iv] In fact, nearly four-fifths of retirees will stay on the job or seek other employment to supplement their retirement income.

More than 60% of people in the United States who have retired said they retired too soon.[v]

How do boomers compare to workers in other generations?[vi]

Boomers are hardworking, ambitious workaholics and occasionally tend to complain about younger workers’ seeming unwillingness to pay their dues.

Boomers are independent, confident, and self-reliant. As the original anti-establishmentarians, they believe they can change the world.

Boomers are usually dedicated, focused on achievement, and goal setting.

Boomers are highly competitive and correlate work with self worth.

Boomers self-actualize. Boomers were raised in relative middle-class affluence, eschewing traditional values for the sake of self expression.

The boomer’s view of retirement

Unlike members of previous generations, baby boomers have animated the word “encore.” Coined by author Marc Freedman, the term “encore career” describes a person’s second life career in later years.[vii]

Encore careers tend to focus primarily in health care, the environment, government, education, and nonprofits. Encore careers provide retirees with financial advantages, such as higher Social Security credits by delaying receiving benefits. Monthly benefits rise when eligible retirees delay applying for benefits after reaching their full retirement age.

Beyond the monetary advantages, boomers find encore careers provide an outlet to express the passion they’ve gained throughout their professional lives. Connected to a community, working retirees gain a sense of engagement and purpose in their later years.

Boomers also gravitate to a variety of mostly help-related professions, such as teaching, consulting or working for nonprofits. Others pursue work in creative fields, such as music, painting, or drama.

Looking for work?

If you’re interested in pursuing an encore career, here are some tips to help you get started:

Start by writing down your goals and interests and think about how you could turn them into satisfying work.

Take classes at your local college or lifelong learning center to develop new skills.

Think about how much you’d like to work and what kind of environment would interest you.

Consider taking a personality assessment and work competency test to learn about your strengths.

Look around for job opportunities and let friends, family, and others in your network know that you’re looking.

If you would like to discuss your current financial plans or retirement strategies, contact us today, we’re happy to talk.








Important Disclosure Information

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Dechtman Wealth Management, LLC [“DWM”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from DWM. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. DWM is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the DWM’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request or at

Please Note: DWM does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to DWM’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please Remember: If you are a DWM client, please contact DWM, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.  Unless, and until, you notify us, in writing, to the contrary, we shall continue to provide services as we do currently.

Please Also Remember to advise us if you have not been receiving account statements (at least quarterly) from the account custodian.

Join our newsletter

"*" indicates required fields

This field is for validation purposes and should be left unchanged.