Norm Greenberg turns 65 in May. If you had asked him last year when he planned to retire, he would have said this June. Then it was December.

“Frankly, now I'm not looking at any time before June (2010),” said the business manager for the College of Arts and Sciences at Indiana University-Purdue University Fort Wayne.

College educators and administrators are usually required to submit letters of resignation or intent to retire by a certain point in the year. With so much financial insecurity these days, that is difficult.

“There are two people I know who actually applied for and announced their retirement last June, one of whom then said, ‘No, I can't do that,'” Greenberg said. Although the resignation from the full-time position could not be taken back, Greenberg said the individual was able to stay on in a part-time job.

In another case, a faculty member had submitted a letter of intent to retire this June “but was able to rescind it,” Greenberg said.

Greenberg's wife recently retired. As she is not eligible for Medicare until December, she is still on his insurance through the university - “another motivator for my continuing to work,” he said. The couple has worked, saved and invested well through the years, but Greenberg said these days it's a greater challenge to know where to invest. He is weighing moving money from annuities to equities, saying that with the slight uptick in the markets, “I'm taking a little more risk than I would have a few months ago.”

The Greenbergs hope to do more traveling, not live life by a workday schedule. Yet Greenberg admits, “With one spouse working, there's a certain level of comfort. If we had to stop (working) right now we could …but with one person still working, there's a sense that you have something you can control.”

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See WANE-TV's story on this topic at www.wane.com.