Three Generations, Three Different Retirements

So it seems that boomers and the Generation X that followed them believe a traditional retirement, the kind where you clock out of the job permanently at age 65 to travel, play golf, visit the grandkids or relocate to a sunnier destination, isn’t in their future. Yet Millennials, the oldest among them in their mid 30s, are much more hopeful. They predict they’ll retire at or before they reach their mid 60s, according to a survey released Wednesday by the nonprofit …

Hillary Clinton: Welcome Older Women Back Into the Workforce

Older women who may not feel welcome in the workforce have a powerful advocate – none other than Hillary Clinton. Speaking yesterday at the Simmons Leadership Conference in Boston, the former secretary of state and first lady said older women, who left jobs to raise families, should be welcomed back to work, adding that “their brains have not atrophied” and they have great talents and ability. “There’s … a very large group of older women who could make a difference to …

More Boomers Are Becoming Their Own Bosses

Do you have a plan to recession-proof your life? A growing number of workers age 50-plus do, and it involves turning interests, hobbies or skills into a small business. Many older workers are using decades of experience and business connections to become their own bosses. These “encore entrepreneurs” bring to the effort a lifetime of knowledge. And their numbers are on the rise. in fact, from 1996 to 2012, Americans ages 55 to 64 had a higher rate of entrepreneurial …

Older Job Seekers Have Little Patience for Long Search

When it comes to the stressful search for a job, older workers apparently have less tolerance for the process. Most either land a job or stop searching altogether within a year or less, according to a study by the Center for Retirement Research at Boston College. Those who have employer-paid pensions, retirement assets and Social Security to rely on were more likely to end the job hunt even sooner, usually within four months, the study found. In fact, just being eligible …

Obama’s MyRA Gets Early Go Ahead

President Barack Obama is moving quickly to make good on his pledge to create a new “starter” savings program for workers without a retirement plan on the job. He announced in his State of the Union speech Tuesday night that he would use his executive authority to establish a so-called myRA (my retirement account) that would allow workers to direct a portion of their pay into an account that invests in government securities. On Wednesday afternoon, he signed a presidential memorandum to …

Adults 65+ in U.S. Workforce Hits Half-Century High

The number of working Americans ages 65 and older is at the highest point in nearly half a century, the Los Angeles Times reports. While older adults still make up a relatively small share of the total U.S. workforce, nearly one in five adults over 65 are currently working or looking for work, and employment in this group has jumped 27 percent since 2007, recently surpassing 7 million.