A lot of the work I do involves helping people prepare for retirement. I want all of you to have the financial security that will allow you to spend your "golden years" in any manner that you wish. Do you dream of opening a bed and breakfast tucked away in the Smoky Mountains? Maybe you want to hone your skills at boating or golfing? Travel is always a popular option for those who have left their working years behind them. Did you know, however, that many older workers are choosing to come out of retirement or delaying retirement altogether? And, it may not be for the reasons you think.
MetLife recently did a study titled, "Living Longer, Working Longer: The Changing Landscape of the Aging Workforce." It breaks the Working Retired into three categories. Those between the ages of 55 and 59 are primarily working to save money. Workers who are 60 to 65 years in age want to be challenged and feel like they are contributing. The last group, those who are at least 66 years in age, choose to work for the social interaction. While these categories certainly are generalities, it is interesting to note that most older workers are applying for jobs by choice, not out of economic necessity.
Why are companies interested in older workers? They are generally more reliable, as they don't need time away from the workplace to deal with child illnesses and obligations. These workers also bring a wealth of experience to any organization. Someone with thirty years focused on a subject area makes a great teacher! A career government worker can offer insight into office structure and how to handle difficult situations with maturity.
The trend of senior citizens in the workforce is only going to continue to increase. As noted by AARP's Public Policy Institute, "workers aged 55 and over will account for more than 90 percent of projected labor force growth over the next decade." Watch out, young college graduates! You may be applying for the same jobs as your parents ... or grandparents!
With my custom coaching sessions, I can help you plan for any adventure you may want to tackle after retirement. Please check out my website for more information and then contact me to start our discussion today!
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