Retirees who once reached for the rocker are now reflecting, retooling, and returning to the workforce. Whether it's the challenge of starting a business, working part-time to socialize, or reinventing themselves by beginning new careers, nearly four out of five Baby Boomers (79 percent) say they plan to work during their retirements, according to a report ("Baby Boomers Envision Retirement") from AARP. There are so many, in fact, that a growing number of gerontologists and sociologists are beginning to refer to this life stage not as retirement but as "rehirement."

Actually, this is a win-win situation for "rehirements" may also be good for employers inasmuch as older workers are flexible about their work schedules and they tend to have strong work ethics. And, according to the Society for Human Resources Management in a report entitled "Older Workers Survey," they can be more loyal than younger workers who are prone to job-hop to get ahead.

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