"Tenured faculty age 50 or older can divided into three groups--35% expect to retire by normal retirement age; 16% would prefer to retire by normal retirement age, but expect to work longer (i.e., they are 'reluctantly reluctant' to retire); and 49% would like to and expect to work past normal retirement age (i.e., they are 'reluctant by choice').... [P]ersonal finances are a particular barrier for those reluctantly reluctant. Psychosocial factors are the issue with those reluctant by choice. However, one-half to two-thirds of those reluctantly reluctant appear to be assuming a financial barrier given that they have not done a careful evaluation of their retirement finances."