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Why Dolly Parton and Gloria Steinem worked until they died
cnbc.com • • nation
Key Points:
- Gloria Steinem, a pioneering feminist and co-founder of Ms. Magazine, passed away recently; Dress for Success plans to honor her legacy at a scheduled luncheon where she was to be the keynote speaker.
- Steinem and Dolly Parton, who also died recently, remained professionally active late into their lives, exemplifying a trend among many older Americans who continue working past traditional retirement ages.
- According to the Employee Benefit Research Institute, many retirees work not out of financial necessity but to stay active and engaged, with 91% citing staying involved and 85% enjoying their work.
- Financial planners emphasize the importance of achieving financial independence—having enough savings and income to cover expenses without working—as the true goal of retirement, rather than reaching a specific retirement age.
- Effective retirement planning involves understanding and managing expenses, starting investments early to benefit from compounding, and using various savings vehicles beyond traditional retirement accounts for flexibility.
