Retirement sure isn't what it used to be. Demographic trends and economic uncertainties are making the current definition obsolete for the next generation of "retirees."
But people often form expectations for their retirement based on the experience of their parents or older relatives and friends. As a result, it's important to keep abreast of trends that might affect retirement for the next few decades.
To gain different perspectives, I consulted with four retirement experts to hear their views as well: Debra Whitman, chief public policy officer at AARP; Catherine Collinson, president of Transamerica Center for Retirement Studies (TCRS); Anna Rappaport, past president of the Society of Actuaries (SOA) and current chair of the SOA's Committee on Post-Retirement Needs and Risks; and Robert Powell, editor of Retirement Weekly.
One thing is clear from their input: Many important retirement trends are emerging, and new products and strategies continue to be introduced. Read on to learn about seven key retirement trends for 2017 and beyond.