Tuesday, October 14, 2008

Baby Boomers and the New Retirement

The monthly newsletter from the National Association of Workforce Development Professionals (www.nawdp.org), shed more light on what Baby Boomers seek in retirement.

Here are some of the highlights from the article:

- According to Stephen Carter and Joan Strewler-Carter, founders of Life Options Institute, the Baby Boomer generation is one of "over-achievers; a generation that will not stop working altogether in the traditional sense - nor will they want to keep working full time."

- A 2006 New Retirement Study from Merrill Lynch showed that 71% of Baby Boomers said they would continue to work after retirement. Merrill Lynch of course was one of those companies that contributed to job losses on Wall Street, during the current financial crisis.

- Companies are offering pending retirees opportunities to work in other divisions of the company under generous and negotiable employment contracts.

If you are planning for retirement as well, or a personal career bailout as I call it, you should check out the resources from The Life Options Institute.

One of the valuable bits of information I found on their website:
Industries Where Baby Boomers are Heading After Retirement—
From Businessweek October 2006

-The Government
-Financial Services (this may be evolving with all the job losses on Wall Street)
-Science and Education


carol stanley said...

lots of continuing information about boomers retirement and new careers...We need some real suggestions and help in this department...

howard said...

A great resource for this is www.2young2retire.com.


Marcia said...


There is a lot of information for sure and it can lead to overload. The goal should be one small step at a time, be comfortable making decisions and then be open to changing your mind.

Marcia said...


Thanks. Will check it out and list as a resource for readers.


Isabella said...

Hey Marcia, interesting post! Retirement seems to have taken on a whole new identity these days. The current state of the economy has really turned things in a different direction!

Keep in mind, when you're trying to decipher all that is retirement, one company will be there to help you out as you navigate through the ins and outs so you can enjoy your golden years!

AARP is a great source of services and information that can be beneficial to the quality of life. What's great about AARP is that a membership comes with prescription and travel discounts!

AARP has teamed up with talk show host, Cristina Saralegui and made a fun, customizable video and you're just a click away from being the next guest on Amigos Live! Check out http://www.upclosewithcristina.com/video to learn more and make your own video!

Also, you can enter to win an all inclusive trip for 2 to Miami while you're checking out the site! (And even if you don't win, there's still those great travel discounts that come with the membership!)

Definitely check out AARP for yourself or a loved one. There are really are some great benefits to joining!

I hope it's alright that I commented on your blog -- wanted to let you know about the fun video with Cristina and AARP's great benefits. If you have any further questions, please don't hesitate to email me.

Isabella Coldivar
AARP Ambassador