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Transition to Retirement
November 11, 2015 @ 6:00 pm - 7:30 pm
People retire very differently today, the traditional view of withdrawing from the workforce has changed. People no longer work for 30 or 40 years and then stop all forms of work and sit at home. Most people retire out of a full-time working environment into other new environments. Retirement is no longer the final stage in a career; some choose to take up part- time work, some work as a volunteer (called bridge employment) and some un-retire, returning to work after a period of retirement.
In Australia, about 38% of people over the age of 45 are retired, with women retiring slightly earlier than men and in slightly larger numbers. However, there is still a large percentage of the population that are “intending never to retire”, with approximately 13% of people in the workforce falling into this category.
There are also a large number of people, mainly women, who return to work after retiring. The most common reasons for returning to work were due to financial needs or because they were bored or needed something to do. This highlights the importance of not only planning financially, but also socially and mentally.
This workshop offers an introduction to adults approaching retirement, and wanting to effectively plan for it.