Despite what we've been hearing for the last couple of years, those millions of Baby Boomers now reaching retirement age are … yes, actually retiring, and not postponing their retirement to work extra years.
A new study released Tuesday, "Transitioning into Retirement: The MetLife Study of Baby Boomers at 65," suggests that the bulk of those born in 1946 and turning 65 this year have indeed retired, or are on their way to a full retirement.
The study, a follow-up to a 2008 Boomer study – when the participants were aged 62 – suggests that 59 percent of the first wave of traditional retirement aged Boomers are now at least partly retired (45 percent are completely retired and only 14 percent are working part-time; just 24 percent still hold down full-time jobs). And 51 percent admit they retired earlier than they expected, usually due to health reasons.
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