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Should You Be a Gig Worker in Retirement? Here s How to Manage Social Security, Savings
Should You Be a Gig Worker in Retirement? Here s How to Manage Social Security, Savings Catherine Brock © Provided by The Motley Fool Should You Be a Gig Worker in Retirement? Here s How to Manage Social Security, Savings Feeling unprepared for retirement? Gig work in your senior years could be the solution. At least that s a conclusion made by a 2020 report from the Center for Retirement Research at Boston College. The study analyzes income replacement rates in retirement for different categories of workers, including those who had large income shortfalls at age 62. Among that group, those who transitioned from traditional work to gig work at 62 were able to shrink their income gap by ages 67-68. Interestingly enough, the gig workers were able to cover more of their income shortfalls vs. those who stayed in their traditional jobs.
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Retirement research at boston college
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