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Yet, few have investment banking saved enough money for 30 years of full retirement. But there's a second reason they have for wanting to keep working, according to the survey: "Desire to stay mentally active." RESHAPING RETIREMENT Major reasons for working in retirement: Need the money 61% Desire to stay mentally active 54% Need the health benefits 52% Desire to stay physically active 49% Desire to remain productive or useful 47% Interest in investment banking phased retirement among current investment banking workers: Not at all interested 34% Not too interested 28% Somewhat interested 26% Very interested 12% Source: AARP "Attitudes of Individuals 50 and Older Toward Phased Retirement" March study "Boomers are going to redefine what we think of as aging. We'll reject the term 'aging' or 'elderly,' " says Deborah Russell, AARP director of economic security.
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