•   
  •   
  •   

Money So why are baby boomers still working?

16:06  16 may  2018
16:06  16 may  2018 Source:   msn.com

Sex and the City actress Kristin Davis has reportedly adopted a baby

  Sex and the City actress Kristin Davis has reportedly adopted a baby Sex and the City actress Kristin Davis has reportedly adopted a baby boy.Sex and the City fans will be delighted to hear Davis has apparently adopted – just like her sweet and romantic character, Charlotte. Who could forget the tear-jerker moment in the Sex and the City finale when Harry and Charlotte found out they would be welcoming a baby to their family via adoption?In a Facebook post on Sunday, Former E! News entertainment journalist, Marc Malkin, reported that Davis had adopted a son."Kristin Davis is expanding her family.

I am a 68-year-old baby boomer who still works full time. So why don’t I just retire and make room for someone younger to have a turn at the trough? Every boomer has a different story, but as a collective group our defense has been a heartfelt “We need the money.”

I did something that made me feel very good today. Plus getting some work done at the Homestead. Why are baby boomers still working long after they retire?

Related video: How to get out of debt: a step-by-step guide [Provided by GoBankingRates]

Quotes in the article

Herman Miller Inc

MLHR

Kendall Jenner: It's 'weird' Kylie had a baby before me

  Kendall Jenner: It's 'weird' Kylie had a baby before me Kendall Jenner thinks it's "weird" that her younger sister Kylie has had a baby before her, but notes the young star is a "beautiful" mother.The 20-year-old lip kit mogul welcomed her daughter Stormi - whom she has with her boyfriend Travis Scott - into the world three months ago, and whilst her older sibling believes Kylie is a "beautiful" mother, she can't help think that being a parent at her age is a bit bizarre.

I am a 68-year-old baby boomer who still works full time. So why don’t I just retire and make room for someone younger to have a turn at the trough? Every boomer has a different story, but as a collective group our defense has been a heartfelt “we need the money.”

Dear John: So baby boomers are not leaving the workforce. Why ? I will need to work until at least 73 years of age (I’m now 64), due to divorce, the implosion of my career choice, the housing crash of ’08 and wretched student loans (for one son) as ordered by the state of Connecticut for divorced

32.25
+0.20
+0.62%

Ann Brenoff’s “On The Fly” is a column about navigating growing older ― and a few other things.

I am a 68-year-old baby boomer who still works full time. I am precisely who younger people point to when they hear the reports that more of them can’t find jobs and more of us still have ours.

Even as their population numbers have swelled from 2007 to 2015, the number of  22-to-34-year-olds in the workplace has remained the same, while the number of retirement-age workers has grown by 9 percent, according to the Bureau of Labor Statistics.

So why don’t I just retire and make room for someone younger to have a turn at the trough?

Every boomer has a different story, but as a collective group our defense has been a heartfelt “We need the money.” As a demographic, we got hit hard in the Great Recession, lost our jobs, our homes and our retirement savings, and so yes, we are still working to replace what we lost more than a decade ago.

A Fifth Of Canada's Working Baby Boomers Have Nothing Saved For Retirement, According To Survey

  A Fifth Of Canada's Working Baby Boomers Have Nothing Saved For Retirement, According To Survey A shocking number of Canadians in the generation closest to retirement have no money saved for their golden years, according to a new survey. The study, which was conducted for Franklin Templeton Investments Canada, found that one-fifth of pre-retiree Canadian baby boomers have put away nothing for retirement.

Baby Boomers . It's not uncommon these days for baby boomers to continue to work well into their 60s, 70s or even 80s. Of her clients, a third are still working and two-thirds are not working , compared to 20 years ago when only 5 to 10 percent were not retired.

Baby Boomer job statistics: Reports from the Bureau of Labor Statistics show that in 2011, there were more people 55 and older active in the workforce Government workers are still likely to retire on time, as they have access to guaranteed pension plans. Workers with higher salaries who depend on

We are also caregivers to elderly parents, our adult children still live with us, our names are co-signed on college loans and second mortgages, so we have expenses ― many incurred in the pursuit of helping others.

And last, we exist with the constant reminder that we could very well live into the triple digits whether we want to or not, thanks to modern science and right-to-die laws with more holes than Swiss cheese. Too bad neither Social Security or Medicare is enjoying the robust health or predictions of longevity that boomers appear to be having.

So yeah, we need the money. Except maybe that’s not all of it.

People need more than financial security to make the leap to retirement, says the Boston College Center for Retirement Research. Work gives us intangible benefits ― things like a sense of worth, the knowledge that we are making a contribution and a chance to be part of something. How do you replace all that?

Canada's Retiring Boomers Face 'Severe Housing Crisis': DBRS

  Canada's Retiring Boomers Face 'Severe Housing Crisis': DBRS When looking at the housing affordability issues in Canada, we often focus on the younger generations and their problems breaking into the real estate market. But a new report from credit rating agency DBRS says it's seniors who will see some of the worst affordability problems in the years to come, because the supply of senior-oriented housing is simply not keeping up with population growth in that group.

For the baby boomers I interviewed who grew up during the 1960s, one might guess that most divorces would happen because they were no Worse, he blamed her for his addiction. One evening after coming home from work , Susan saw that "he was so drunk [that] he was stumbling and falling

Why is it that baby boomers are still having to work long after they retire? Baby Boomers ' Retirement Uncertain Video ABC News - Duration: 3:12. Carlo Ciruelas 8,638 views.

It isn’t even just that my generation has “a notoriously hard-charging work ethic and drive to get ahead” that can “make it difficult to envision downshifting into the slower pace of retired life,” as Gallup found in 2014.

No, it is something else. I don’t know how to retire. While I never thought of how to retire as something that needed to be learned or taught, perhaps it is.

The good news is that some corporations are changing their benefits to accommodate workers age 55 and older, mostly because we will account for 25 percent of the labor force by 2020. And some of those benefits include helping people learn how not to work anymore. Lessons include the obvious things like understanding retiree health care options and financial planning, but they also delve into what your retirement goals are. What will you do when the alarm clock no longer rings each morning?

Some companies are also providing the option of a phased-in retirement, whereby you go from full-time to part-time hours but keep all-important health benefits for you and your family members who need them. Herman Miller, the Michigan furniture company that employs 8,000 people worldwide, has a flexible retirement program that couples the reduction of hours for pending retirees with a coaching service. You aren’t just handed a gold watch and shown the door with insincere promises made about staying in touch; you first discuss things like setting goals.

Death of woman and baby could have been prevented, coroner finds

  Death of woman and baby could have been prevented, coroner finds Death of woman and baby could have been prevented, coroner findsMarie-Jacque Fortin collapsed at her home on March 7, 2016, suffering from respiratory distress. She was 39 weeks pregnant.

Baby boomers — a “niche” group of 74.9 million — are snubbed by the movie industry, TV, jeans designers, the music business, everything, in favor of Gen No other generation deserves this. Gen X, the first latchkey kids ( working moms/divorced parents), whose TV babysitters (Peter Jennings, John

I am a 68-year-old baby boomer who still works full time. So why don’t I just retire and make room for someone younger to have a turn at the trough? Every boomer has a different story, but as a collective group our defense has been a heartfelt “we need the money.”

And it’s a two-way street: Retiring employees put together a knowledge-transfer plan to mentor their replacements. The flex program gives employees six months to two years to phase out of their jobs.

Herman Miller also lets all workers take up to 12 unpaid weeks off while their health benefits continue. This provides a good taste of retired life, and we suspect that more than a few have used it to test their snowbird wings, trading in the cold Michigan winter for a warmer climate to see if they like it.

I like the idea of testing out retirement before jumping in the deep end. I also like the idea that retirement could be a gradual change where the balance shifts away from work and more into post-work leisure over the course of a few months or years.

In the meantime, I have regular conversations with my financial planner, Jason, who probably serves in equal parts as my financial adviser and therapist. When I ask Jason when I can retire, I secretly hope his answer will be, “When I tell you,” because honestly, I just might need someone else to decide this for me.


Kim Kardashian Shares Stunning New Pic of 'My Baby' Chicago .
We want those lashes!

—   Share news in the SOC. Networks

Topical videos:

This is interesting!