An AARP survey found that 80 percent of baby boomers will continue to work,
at least part-time, after retirement, according to an article by Scripps Howard
News Service. Some retired boomers want to take the opportunity to share their
experience and knowledge and start a new career. Disappearing pensions and less
medical coverage have given others a financial incentive to keep working.
EXPERTS: ExpertSource can offer several highly qualified experts to comment on
this story:
Noland Langford, vice president, investment officer of Wachovia Securities and
offer advice on what to do if you’re offered an early-retirement buyout and
other financial planning. As more and more companies downsize or outsource their
labor, many employees are offered the option of an early retirement buy-out.
Usually, you’ll hear of a buyout offer on the company grapevine before it’s
officially announced as your "opportunity" to retire early. It is likely to be
an offer that’s yours to refuse, but the reality may be that if you do, you
could be terminated soon with a lesser package or none at all. Or, you may get a
sweeter offer in six months or later. Noland Langford is a Vice President
Investment Officer with Wachovia Securities and our press release gives five
things to do if you’re considering an early retirement buyout. Mr. Langford is
an expert on financial planning including 401(k), IRAs, estate planning and
more. PR Contact: Sarah Waffle, 503-922-2686, waffle@noretainerpr.com
Gary Geyer is president of Alive & Kicking, a communications company
specializing in the 50+ market. He is also founder, editor and the lead writer
of 50plus Online Magazine (also known as 50plusMag.com). Gary has a reputation
of being knowledgeable and opinionated on a wide variety of topics pertaining to
the 50+ age group. Gary designed 50plusMag.com so that it focuses on
contemporary issues and approaches them from a 50+ perspective. Recent articles
have been on such diverse subjects as finding a job or starting a new career
when you are past 50, the Madison Avenue avoidance of the 50+ market, age
discrimination, sex beyond 50, alcohol abuse among retirees, caring for aging
abusive parents.
People past 50 are definitely interested in more things than arthritis,
Medicare and retirement villages because the so-called 50+ age group is actually
many different groups. Besides the obvious ones as boomers and seniors, there
are also young seniors, early retirees, fully retired, older married couples,
those single and/or widowed, and most recently, parents of seniors. Then of
course there are regional, economic, and educational differences. When it comes
to people 50+, there is no one size fits all. There are over 76.9 million
Americans 50 or older. By 2025, that number will increase to 115 million. These
statistics are profound. They are going to affect EVERYTHING. That includes
business, health, entertainment, marketing, travel, leisure and recreational
activities, housing, hospitals, the work force, and politics. It is going to be
a whole new world and everyone better be prepared. People past 50 will not only
be the ones with most of the money and assets, they will hold the power. There
will be many questions and unfortunately, not enough people who have answers.
Gary has done much research and understands the challenges those over 50 face.
Before starting 50plus Online Magazine and Alive & Kicking, Gary has had a
background in advertising and marketing. 949-582-0482, editor@50plusmag.com
Dr. Courtney Coile is an assistant professor of economics at Wellesley College.
Her research focuses on the impact of Social Security, pensions, and on the
retirement decisions of individuals and couples, as well as other issues in the
economics of aging. She is also a faculty research fellow at the National Bureau
of Economic Research (NBER) and a research associate at the Center for
Retirement Research at Boston College. She is the editor of the NBER’s Bulletin
on Aging and Health and has provided expert analysis to the National Institute
on Aging and the Social Security Administration. Coile earned her A.B. with
honors from Harvard University and her Ph.D. in Economics from MIT.
Prior to joining Wellesley in 2000, she was a post-doctoral fellow at the
NBER and taught a summer course at the John F. Kennedy School of Government at
Harvard. Her research and publications include, "Fiscal Effects of Social
Security Reform in the United States" in Social Security Programs and Retirement
Around the World: Volume III (title to be announced), Chicago: University of
Chicago Press, 2005 (With Jonathan Gruber). "Retirement Incentives and Couples’
Retirement Decisions" in Topics in Economic Analysis & Policy 4(1): article 17,
2004. "The Effect of Social Security on Retirement in the United States" in
Social Security Programs and Retirement around the World: Micro Estimation,
University of Chicago Press, 2004. (With Jonathan Gruber) PR Contact: Arlie
Corday, 781-283-3321, acorday@wellesley.edu
ExpertSource cannot guarantee the immediate availability of these experts or
their familiarity with this specific issue.
ExpertSource provides academic and industry experts to the media at no charge.
Journalists are encouraged to submit queries to ExpertSource when seeking
experts on specific subjects. An online registration form is available at
http://www.businesswire.com/.
All of the above text is a press release provided by the quoted organization.
globalagingtimes.com accepts no responsibility for their accuracy.