a new model for aging
If anyone is entitled to ‘rest on their laurels,’ it would be former supreme court justice, Sandra Day O’Connor. The first woman appointed to the bench by President Reagan, retired after twenty-five years to caretake her husband with Alzheimer’s. Since his death in 2009, O’Connor has resumed a life filled with activity and passion. When asked why she doesn’t just take it easy, … [Read more...]
When the recession hit in 2008, retirement age baby boomers were hit particularly hard. Many were laid off from their long term careers, as well as losing home value. Research initially indicated many would work way beyond traditional retirement age. In a follow-up to a 2008 study, MetLife returned to respondents to see if the patterns still held. Whether they are throwing caution to the wind, … [Read more...]
For a population hit especially hard by the ‘Great Recession,’ it’s encouraging to hear that employers increasingly want to know how to retain employees. As 10,000 baby boomers reach age 65 every day, employers understand that they may want to hang on to these seasoned workers. There are many benefits to retaining older employees. The Workforce Development Council in Seattle, Washington … [Read more...]
Do you have a living will? According to a recent poll conducted by the Associated Press and LifeGoesStrong.com, as many as 64 percent of baby boomers, including those of retirement age do not have a living will. Do not to confuse a living will with a living trust. A living will or advanced directive is a legal document that states what kind of medical intervention you want if you become … [Read more...]
As baby boomers reach retirement-age, there is an accompanying high divorce rate. In fact, this phenomenon has been named ‘gray divorce,’ characterized by couples divorcing over the age of 50. The increased divorce rate in seniors is based on a number of factors. Baby boomers have always had a higher divorce rate that previous generations. In fact, baby boomers, the generation born between … [Read more...]
Aging in place is the term used to refer to people who stay in their primary home as they age. While that may feel way off in the future to retirement age baby boomers, it’s something they might want to think about as they plan their future. Many baby boomers are also addressing the issues connected with aging parents. The concept of the retirement village is gaining popularity for people who … [Read more...]
The idea of communal living grew during the sixties and seventies. They started to decline in the eighties according to Laird Schaub, the executive secretary of the Fellowship for Intentional Community. As baby boomers research where and how to live as they reach retirement age, many are returning to the concept of communal living. The commune may be the new retirement community. The growth of … [Read more...]
Part time work in retirement is popular as 75 percent of baby boomers report they will want employment after the typical retirement-age. Getting part time retirement work may be slightly more challenging for retirement-age mature workers. There are many employers who prefer older workers and there jobs out if you’re willing to take some effort to find them. Networking is still the key to … [Read more...]
Have you wiled away the hours fantasizing about your boomer retirement and the life of leisure that will follow? While many retirement age boomers realize a life of leisure may not be all that it’s cracked up to be, most people want to enjoy their new freedom from full time work. In many ways, baby boomers became a generation of workaholics. As more and more time was spent trying to achieve … [Read more...]
The financial industry has traditionally focused on retirement income to evaluate the probability of one not outliving their money. As the economy stalled with many baby boomers reach retirement age with less than an ideal retirement savings. The focus has shifted to calculating and controlling retirement spending. The first question is do you have a spending budget? Do you know how much money … [Read more...]