Even if we care less about “things” after turning 60, we still get the impulse to go shopping occasionally. If this sounds familiar, you’ll love Groupon!
Maybe it’s for a new dress or pair of shoes in preparation for a stylish night out on the town. Or maybe it’s treating friends to a fancy dinner so you can all catch up and swap life stories. Or maybe it’s for a day all to yourself relaxing and getting pampered at a spa.
The problem is that you want to stay frugal, too, since you have bills to pay and necessities to budget for. And it can be hard to find a business that has a deal going on right now, or at least wait until a shop nearby holds a sale. This is where the organizing and searching power of the Internet comes in handy.
One of my biggest fears for the baby boomer generation is that we have taken the concept of retirement too seriously. Many of us still believe in the notion that retirement should be a time for living off your savings, relaxing and “aging gracefully.”
Now, a new study by The Pew Charitable Trusts, says that the majority of baby boomers may finally be rethinking retirement. Most people surveyed said that they didn’t plan on retiring, in a traditional sense. Instead, they said that they wanted to continue working, either in their existing job or in a new career.
Lots of women over 60 are looking for ways to make money, save more money for retirement, or perhaps start a new career. Unfortunately, age discrimination is all too real. Lots of people “of a certain age” get passed over for opportunities at work, forced into early retirement, or denied interviews for jobs that they’re clearly qualified for.
If you feel like you’re being held back in your career by the unfairness of the youth-obsessed corporate world, or if you don’t feel valued at your company, or if you’re looking for a new way to add value and earn income and feel connected, perhaps you should try freelance writing.
As we approach retirement, it’s natural to think about how we are going to support ourselves in the decades ahead. Starting a business is an option, but, most of us don’t know where to start. In addition, we are constantly exposed to images of 20-something entrepreneurs succeeding. If the media is to be believed, older entrepreneurs don’t stand a chance. Or do they?
What is retirement planning? It’s a simple question, right? Doesn’t everyone know that getting ready for retirement is all about putting enough money away so that we can live comfortably on our investments? At least, that’s what we have been told. For decades, our employers have reminded us to max out our 401K.
When it comes to money, us Baby Boomers are in an interesting position. On the one hand, we hear over and over again that we are the “wealthiest generation in U.S. history.” On the other hand, the great majority of us are simply not prepared for retirement.
People reaching retirement age today are under huge financial pressure. Since, on average, we will live longer than any previous generation, our savings will need to last decades. In addition, many of us find ourselves in the position of looking after our aging parents, while living on a pension.
Is life insurance over 60 really necessary? It’s a more difficult question than it sounds. After all, many women have had life insurance for most of their lives. When we are younger, we see at a necessary measure to protect our families if something unexpected should happen to us. But, as we get a little older, many of us start to wonder whether we are just wasting our money. Now that our kids have grown up, do we really need to pay money every month for life insurance?
Since everyone’s situation is different, it is impossible to provide a blanket answer to this question. However, I hope that the following gives you some questions to raise with your family and a financial professional.
When I asked the 44,000 members of the Sixty and Me community what was preventing them from starting a business, by far the most common response was “I don’t have a business idea.” As I mentioned in part 1 of this series, the first step to take when starting a business is to examine your own strengths. But, what next?
Most people think that successful businesses start with an idea. They don’t. Successful businesses start with a person. More specifically, they begin when a person recognizes his or her unique talents and sets out to improve the lives of others.
If this seems obvious, think about the number of people who never start a business because they “can’t think of an idea” or “don’t know where to start.” Many of these people could become successful freelancers, small business owners or entrepreneurs, if they examined themselves before looking for ideas.