Starting a Business in Retirement

With the expanded lifespan and limited financial resources, many aging baby boomers are starting a retirement business. While not for everyone, having your own business can provide a nice outlet as you get older. Depending on how much money is invested and how much is needed to supplement existing income, a part time retirement business can be a wonderful way to stay active. [Read more...]

Is Multi-Level Marketing a Good Way to Earn Retirement Income?

Mult-level marketingIf you’re retirement age, most likely a friend or acquaintance has approached you with the opportunity to get involved in selling a product or line to your friends and neighbors. Most likely this product or company comes under the heading of multi-level, direct, affiliate, network or matrix marketing.

Most people fall into two camps concerning multi-level marketing. They either love it or hate it. [Read more...]

How One Can Make a Difference With Projects

Recently, I was talking to a woman who commented she was reluctant to volunteer because she didn’t want to over commit. While retirement-age baby boomers volunteer in great numbers, many people are afraid to commit for fear of getting involved in something they can’t get out of or having too much to do. [Read more...]

High Divorce Rate For Retirement-Age Boomers

Yesterday I wrote about the difficulty retirement can bring to a relationship. Well today, I read an article with some interesting statistics. It seems that retirement-age baby boomers are divorcing at a rate twice that of their counterparts in 1990.

Surprisingly enough, researchers haven’t studied this area assuming that being single in elderhood was the result of death, not divorce. According to the recent research, less than 10% of divorces involved someone over 50 in 1990. Now, as many as one fourth of divorces involve someone older.

Baby boomers may have different expectations about marriage than those either before or after them. [Read more...]

Is Learning Important as You Grow Older?

lifelong learningMy husband and I recently joined a meet-up group for photography. As we went around the room to introduce ourselves, at least a quarter of the 20 in attendance said, “I recently retired and want to learn more about my camera and how to take better photographs.”

I recently made a comment to a friend that I’m learning more now that at any time in my life. Am I unique? I’ve always been a voracious learner, both personally and professionally. In talking to friends, I find not alone. One friend who is reading “Finding Meaning in the Second Half of Life” and says it’s shifted how she sees herself.

I have another friend who just completed an OLLI class about Mechanical Physics and loved it. (By the way, most adult classes are just for fun without grades or homework. ) [Read more...]

A Retirement Purpose for the Future

With the primary career over, children raised, many aging baby boomers lament, “What am I going to do now that I’m all grown up?

If you’re used to the structure of going to a job, then filling twenty-four hours a day, seven days a week, fifty-two weeks a year can become overwhelming. Although new retirees look forward to the freedom and change of pace, wouldn’t be nice to have a blueprint that would guide you into a happy retirement?

Jeff accepted an early retirement when his company was purchased by a large conglomerate. [Read more...]

Working in Retirement: New Reality for Boomers Over 50

Working in retirement is a new reality for aging baby boomers. The great recession has affected the job situation for many retirement-age people. Actually, employers aren’t as opposed to older people in the workforce as you may have thought.

In a survey of 1000 HR directors in 2011, companies are aware of the loss of talent they face as baby boomers retire. Fearing a loss of knowledge and skills, more than half of the employers are going to keep their older workers through part-time employment or as consultants. [Read more...]

Leaving the Corporate World to Work in Nonprofits

Women-in-TechAs baby boomers reach retirement age, many are going to want and need to continue working. Some are interested in leaving the corporate world to make a difference by working in nonprofits.

Our guest on Talk Radio Show, Jerri Barrett left a successful job in a tech company to become the vice president of marketing for the nonprofit Anita Borg Institute for Women and Technology. I know she is going to share some valuable information about working in nonprofits. [Read more...]

Retired Couples Search for Togetherness and Space

Recently, I was introduced to the work of Michael Longhurst, an Australian psychologist who studied 200 retirees on issues of their adjustment. Not only did he look at the individual, but also couples. As half of a retired couple, I can attest to the challenge. In talking to my friends, they have all agreed the retirement transition puts a strain on a marriage. [Read more...]

Transition into the New Retirement

Do you think of retirement as a time to take it easy? That was the traditional concept of retirement. If you’d worked in the factory for thirty years, your body was tired and worn out. You were content to putter a bit in the garden, sit on the porch, and let the world pass you by. The New Retirement Transition is quite different from our parents.

As baby boomers reach retirement-age, they are looking for a new type of retirement. But, what is it, many may ask? [Read more...]