Flexibility in Retirement and Work

Flexibility in retirement and work is multifaceted. Firstly, many people in their 50s and 60s have more free time due to retirement and empty nesting, with 3.9 trillion hours of free time projected for the next 20 years in the United States. Older workers are inclined towards part-time work rather than full-time. Secondly, flexibility encompasses location, allowing people to work remotely or from a distance. Thirdly, benefits play a crucial role in extending the working years, especially until age 65 when Medicare becomes available. Offering personalized transitions for retirement can also significantly impact older workers' decisions, unlike the abrupt shift from working to not working in the past.