Retirement For Americans Not An Option, Retirees Turn It Into Second Career

According to finance advisor Scott Hanson, his clients often tell him they're not keen to retire just because they hit the technical age of 65.

Older adults are now shifting their focus. The American dream of that sun-setting, pina colada retirement is no longer an option. A shift in mind-set has been slowly turning because in reality, the economy can no longer provide that American dream.

Scott Hanson is a certified financial advisor and a CEO of Hanson McClain, and he tells NBC News that "We're having many more of those conversations now, especially with clients in their 50s who are unhappy with their jobs," he said. "We ask them: 'Why live like that?'

It seems that retirement has always been the end goal but his clients felt that it's not what they're supposed to do. It's "not what they want to do," Hanson continues. An AARP study found that working Americans from the age of 50-64 years old plan to work after retiring from their current careers and jobs. Almost half want to start a career change and enter a new field or industry.

One reason, according to Hanson, is that these workers are happier when they are needed somewhere. Post-retirement career changers would either start their own company or want something that would excite them like a new challenge.

Another reason is that these workers don't want to hit that "brick wall." A brick wall, is that period where you can't do what you want and may not have the resources to pursue another career. These adults would want to do something about it before they hit that brick wall.

This also means that the change in retirement trend can also thicken the job market.

Tags
Career Advice, Unemployment
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