I am not the only person I know in my sixties who had a bad work experience at the end of their career. One friend was in his hospital bed after cancer surgery when his boss told him he was being forced to retire. Another friend worked for years as a successful paramedic and was then given the worst shifts in attempts to squeeze him out.
Being unemployed as an older woman is a stressful, frustrating experience. It’s also a situation that few of us imagined we would be in just a few years ago.
Have you thought about what kind of skills you want to carry with you into the second half of your life?
Have you thought about the skills you wish to leave behind?
Can you work and collect Social Security? The simple answer is yes. The more complicated answer is that you may not want to.
Many women over 60 are working after retirement. There is often a financial reason for continuing to work after the traditional retirement age, whether it’s to pay medical bills, to make retirement savings last longer, or to adjust to life after a divorce. Working after retirement “just because we need the money” often creates a sense of regret that something is being missed.
Whether you’re starting a services business or building a physical product, finding customers is critical to your success. Right about now, you’re probably thinking that this is the most obvious statement in the world. Before you stop reading, consider the fact that most entrepreneurs put very little thought into this part of the process. Instead, they charge ahead with building their perfect product, assuming that their customers will come to them. This rarely happens.
You never stop worrying about losing your job, unless you’re retired. Then you’re always worried about losing your mind.
Different work ethics exist today. We boomers went on vacation and could only be reached via a hotel landline or one of those Motorola brick phones, like I had in the 80s. Even then, it was too costly to have my staff call. I just told them to make a decision based on three things: Will I get fired, will Barry get fired and will we get sued. I told them if the answer was no to these questions, proceed.
Baby boomers have always been masters of reinvention. In every decade of our lives, we have challenged the status quo and lived life on our own terms. Some have accused us of being selfish for exactly this reason. But, deep down, our attempts to reinvent ourselves were rooted in our desire to get the most from life.
The Great Recession, which officially lasted from December 2007 to June 2009, was hard on older workers. In the years following the financial crisis, people from all walks of life struggled to find work – and those lucky enough to have savings found them greatly depleted. The good news is that, on paper, the economy is on the mend.
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.