Retirement once meant stepping away from work, but many Gen Xers now expect a second act.
A Northwestern Mutual Planning and Progress Study found many doubt they will be financially ready, making future income part of the plan
Discover More: Here’s How Much You Need To Retire With a $100K Lifestyle Find Out: 10 Clever Ways Retirees Are Earning Up To $1K per Month From Home That means over half of Gen X retirees are thinking about working again. These experts reveal how they should go about it. Do You Actually Need to Work?
Before searching for a job, financial experts say the first step is determining whether work is truly necessary or simply a reaction to market uncertainty. “A clear cash-flow and tax projection can show whether a modest expense adjustment or smarter withdrawal strategy solves the problem without reentering the workforce,” said Christopher Stroup, founder and president of Silicon Beach Financial. Stroup explained, “If the gap is short-term or market-driven, work may be optional. If it’s structural, earned income can add meaningful flexibility.” Read Next: Warren Buffett’s Advice To Prepare for a Recession Is S-Tier Before Taking the Job Before accepting a role, retirees should review how added income fits into their existing retirement plan.