Life has its milestones – or does it?
We drive at 16, vote and in the old days got drafted at 18, we drink at 21, we can become president at 35 and we retire at 65.
      That last milestone has changed.
      More and more Americans are electing to not retire at age 65.
      Part of it is economics, part of it is the desire to stay viable and a contributing member of society and part of it is that we are living longer.
      On average, we live almost 20 years longer today than when Social Security was originated in the 1940’s.
      This is where the dynamics of retirement has changed and the direct or indirect result of which may be the salvation of the Social Security funding problem.
      Less retired boomers in the retirement system equal a slower drain on the Social Security System.
      Baby Boomers have never lived the conventional way that their parents lived.
     They are electing to retire later and that means that less money will be drawn from the funding.
      Americans love to work and we are living healthier these days.
      Most of our “new” senior citizens are not about to live their senior years by someone else’s formula.
      Our children are going to find less babysitting grandparents and more daycare time for the grandkids.
      More day care centers will be needed as grandparents say no to retirement and stay in the workforce.
In a 2005 Merrill Lynch study, 3 in 4 Baby Boomers say they are not going to retire in the traditional way.
Some want to keep working to keep their health insurance; some will start a business and others just want to stay mentally and physically vibrant and active.

The ADA act changed the way we work; Celebrex keeps pains away and allow older workers to work pain free.
2 million workers reach 65 every year and if half of them choose to not retire, this will make the average number of job openings each year be reduced by that 1 million number.
The effect of delaying retirement by one year for potential retirees would save billions and a delay of 5 years would most certainly save the Social Security System.
Lower income retirement age workers will work in the retail side and higher income retirement age workers will become consultants and be more likely to start and run their own show as business owners.
      Very few companies are focusing on older workers, opting for younger workers making less money.
      The projections for golf courses and golf equipment makers are greatly diminished with the dwindling numbers of retirees.
Possibilities;
      The Computer and cell phone industries catering to these retirees will see an unexpected increase in this category.
      Business centers catering to these new retirement age business owner/consultants will do very well.
      Ergonomically designed chairs and equipment will do well for the Herman Miller's of the world.
      Studies have shown that working longer will actually lengthen life. 100 years old will become commonplace for the Baby Boomers.
      The Government needs to offer real incentives to delay drawing Social Security.
      If legislation of this type happens, expect a big jump in older workers delaying retirement.
As a business owner, are you ready for this “new” generation of experienced super retirees?