(MarketWatch) Retirees Still Working-Michael Kitces
Pinnacle Advisory Group’s Michael Kitces tells Annuity News Now…”For many Americans, retirement doesn’t mean the end of work. But it can mean a chance to try something fulfilling, such as an encore career, without having to earn as much.”
BOSTON (MarketWatch) — It might come as a surprise, but many Americans age 65 and older are earning income in retirement. According to one report, for instance, for older Americans in the upper most income quintile earned income represents 38% of their total income in retirement, and on average it equals 25%.
Some families are products of second, and sometimes third marriages, and with aging parents in the mix, it can…