Trends and Tips
Keeping on top of the latest facts and trends involving older workers, aging and modern retirement can be a challenge. Yet it is important to be aware of these issues so that you can effectively help all employees, especially older workers in the pre-retirement zone, with their planning activities.
Here are some facts and trends you should be aware of and some tips you may wish to pass on to employees.
- most working couples don't retire together anymore
- about 30% of retirees will have problems adjusting and all the rest will love it!
- a majority of baby boomers see WORK as an integral part of their RETIREMENT plan
- many women in their fifties are thinking career, not retirement
- men in their fifties are more likely than women to want to leave career and work behind
- most North American employers do not have progressive policies that permit phased retirement
- assisting employees to plan for retirement pays off in lower anxiety and better decision-making
- an increasing number of seniors live alone
- the average age of widowhood in the US is 56!
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- Develop a vision for your retirement; otherwise someone else will have one for you
- Commit to financial planning and get help from a financial planner
- Make sure that you are going to be engaged in meaningful activities in retirement
- Start saving for retirement as early as possible
- Keep fit and eat well; that's the best way to keep out of the doctor's office
- Retire when you are ready, not when someone else thinks you should
- Work in retirement, if you feel like it
- Make quality of life your priority
