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Lesko Financial: 'UnRetiring' A New Boomer Trend

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VESTAL, N.Y. -

Transcript of Thursday's June 6, 2019 Lesko Financial segment that aired on Fox 40 News at 6.

BRI:
SOME TEN-THOUSAND BABY BOOMERS REACH RETIREMENT AGE EVERY DAY IN THE U.S. SOME DO RETIRE, SOME KEEP WORKING, AND SOME “UN-RETIRE.” GREG LESKO OF LESKO FINANCIAL HAS MORE. GREG…

BRI:
THANKS, BRI. NOW THAT ENOUGH BOOMERS HAVE RETIRED IN THE U.S., SOME TRENDS ARE STARTING TO EMERGE. EXPERTS PREDICTED THIS AGE GROUP WOULD WAIT LONGER TO RETIRE. BUT FOR THE MOST PART, THEY’RE STILL LEAVING THE WORKFORCE AT AGE 65. HOWEVER, A NEW TREND IS THAT SOME BOOMERS WHO HAVE RETIRED DECIDE TO GO BACK TO WORK OR “UNRETIRE.” IN ONE SURVEY OF WORKERS 65 AND OLDER, FOUR OUT OF TEN SAID THEY HAD PREVIOUSLY RETIRED.

BRI:
WHY WOULD SOMEBODY WHO RETIRED RETURN TO WORK?

GREG:
THERE’S A WHOLE RANGE OF REASONS. SOME HAD A SPOUSE THAT WAS STILL WORKING AND DIDN’T LIKE BEING HOME ALONE. SOME SIMPLY NEEDED MORE MONEY, INCLUDING THOSE HELPING SUPPORT GROWN CHILDREN OR ELDERLY RELATIVES. SOME WERE WORRIED ABOUT ANOTHER RECESSION. THEN THERE WERE THOSE WHO MISSED THE CHALLENGES AND SOCIAL ENGAGEMENT THAT WORK CAN PROVIDE. ALSO, SOME UN-RETIREES STARTED A NEW BUSINESS OR TURNED THEIR PURSUED HOBBY OR PASSIONS INTO A NEW CAREER. AND SOME MISSED WORKING OR MISSED THE EXTRA INCOME.

BRI:
WHAT ARE SIGNS THAT IT MIGHT BE TIME TO “UN-RETIRE?”

GREG:
A RETIREE WHO HAS TROUBLE MAKING ENDS MEET MIGHT CONSIDER GOING BACK TO WORK. ALSO THOSE WHO ARE BECOMING TOO SEDENTARY OR ISOLATED AND WANT TO RE-0ENGAGE THEIR SOCIAL CONNECTIONS. RETIREES WITH A GREAT BUSINESS IDEA OR PASSION TO EXPLORE ARE CANDIDATES FOR UNRETIREMENT. AND IF A RETIREE REALLY LOVED BEING IN A CERTAIN CAREER OR REALLY LIKED WORKING, “UN-RETIREMENT” MIGHT BE A GOOD OPTION. SOMETIMES YOU JUST DON’T APPRECIATE SOMETHING UNTIL IT’S GONE.