BOSTON (CBS) – Eighty percent of Boomers say they plan to work in retirement, many because they will have to. Working is part of many pre-retiree’s retirement plan.

The most current records I could find are from 2011, the national labor force participation rate for those 65 years and older was 16.2 per­cent with many working part time. That does not correlate with the 80% of Boomers who want to continue working. The average age for retirement according to a Gallup poll is 62.

And if you have been working in a physically taxing job or are in poor health you may not be able to continue working as you age.

According to another survey, 40% of Americans believe the economic climate will force them to retire up to 10 years later than originally expected or not at all.

Workers will remain at their jobs longer than ever before just to keep up with their bills and ensure food is on the table.  The survey results also noted that workers are concerned about saving enough money for retirement.

The jobs most likely needing the graying population will be in sectors such as health care, education, retail and social services.

Phased retirement is where you slowly ease your way into retirement. Is cutting back at your present job feasible? Can you work part-time for your present employer? Working 2-3 days a week instead of 5. Often times the employer will still offer health care to a part-time employee.

Consider a bridge job which is something that will take you from your working career into full retirement. A transition job. Could be very different from what you have been doing during your working career.

Some retirees find work at Walmart, Home Depot and McDonald’s. If you have been to Disney World recently you noticed that the Disney employee’s average age is no longer 20 but more like 60! They have found that retirees make good employees and are reliable.

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You can hear Dee Lee’s expert financial advice on WBZ NewsRadio 1030 each weekday at 1:55 p.m., 3:55 p.m., and 7:55 p.m.

Subscribe to Dee’s Money Matters newsletter here.

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