What will boomers do in retirement?

Pat Cataldo, writing at Centredaily.com, has some interesting answers to the title question.

The 55-plus population is planning to work longer, save more, and spend less to cope with the economy. The tenor of the times is reflected in the fact that there will be no increase in Social Security benefits for the first time in three decades.

Perhaps the most important issue is dealing with longer lives. What will baby boomers do with the possibility of living 15 or 20 years beyond normal retirement age?

In his book "Portfolio Life, the New Path to Work, Purpose and Passion," author David Corbett offers an interesting look at coping with life changes.

The "Portfolio Life" concept outlines the pursuit of multiple roles and passions. It's the alignment of a person's activities with his or her values, beliefs and personal qualities. It includes five key areas:

Vocation or profession: working full time, part time, or not at all.

Avocation:recreation, personal pursuits and goals, physical fitness.

Community:giving back.

Family and friends:offering help and support.

Self-development:lifelong learning and spirituality.

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