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Mary Ellen (M.E.) Cagnassola is a Money reporter covering all things Social Security and retirement. She strives to translate stodgy policy news and research into engaging, informative stories that help readers navigate their retirement.
Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money.
Workers may fantasize about the day they can trade their office chair for a beach lounger, but a new study may make them rethink whether they want to fully retire at all.
Millions of retirees returned to the workforce after COVID-19’s mass retirement surge — and not necessarily for the money, according to a report from investment management firm T. Rowe Price. In a survey that included roughly 1,100 retirees, researchers found that about 20% are working either full- or part-time, a decision that they say benefits them more than just financially.
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COVID-19 led to a huge increase in retirements in 2020 and 2021: The Federal Reserve of St. Louis found that there were over 2.4 million "excess retirees," or people who retired who weren't predicted to, as of August 2021.