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First Wave of North Dakota Boomers Start Retiring Saturday

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December 29, 2010

FARGO, N. D. - In North Dakota and across the country, the "first wave" of official Baby Boomers starts to turn 65 on January first, and 7,000 are expected to do so every day of 2011.

While many of them will enter into retirement, Janis Cheney, state director for AARP North Dakota, says others have different plans. A new AARP survey shows one in three of these leading-edge retirees are still in the workforce and have no plans to quit when they reach the traditional retirement age. Still others are planning a career change, says Cheney.

"What we are seeing in our surveys, including the one we are just out with, is that many folks may decide to retire from their current work and then engage in something entirely new and different."

The survey (at www.aarp.org) found 30 percent plan to work until age 70, while 40 percent say they have no plans to stop working – at all. Cheney says the survey found a majority of respondents are optimistic about retirement, and even see it differently than the previous generation.

"Most of them don't see retirement as a time to stop; they see retirement as a time of new opportunity and as a time to explore new activities or work."

Cheney says the survey also asked about retiring to a warmer climate – and a vast majority responded that they have no plans to relocate.

Dick Layman, Public News Service - ND