Most people have some sort of goal in mind when they think about retirement. Financial planners have always thought of it as a number – an amount of money someone needs to live after they stop working.
It turns out consumers don't really think of it that way. Bank of America Merrill Lynch was astounded by a survey it commissioned of people getting ready to retire and those who had already retired.
The No. 1 goal for retirement was not building wealth but achieving peace of mind. And for many who are approaching their retirement years, that translates into remaining in the labor force.