Better test-drive that encore career if you want to work while in retirement

If your retirement plans include an encore career, look before you leap.

Half of employees say they expect to work at least part-time while in retirement, according to a Transamerica Center for Retirement Studies survey of 4,161 workers from earlier this year.

Continuing to work is a necessity for some, who need the income or health benefits. (See chart below.) For others, retirement is a chance for a career pivot, said Catherine Collinson, the center’s president.

“We asked people how they dream of spending their retirement,” she said. “What was very surprising was, 28 percent referenced some form of work.”