According to Transamerica's 22nd annual retirement survey, 58% of currently employed people plan to work at least part time in retirement. Unfortunately, some of those people will do so out of necessity, but some do it because they wholeheartedly want to. It could be something to keep busy or a passion they couldn't pursue during their career (like substitute teaching, for example).

Whatever the case, if you're planning to work in retirement, it can be a blessing and a curse. The blessing comes when you have the freedom to choose when you want to work, instead of your financial situation dictating it. The potential curse is its effect on your Social Security benefits.

Image source: Getty Images.

Continue reading

Source Fool.com