Archive for Retirement

Clarice W. Dowdle

The Time Is Now!  “If you find yourself wondering whether the time has come to be actively involved in the lives, activities, and decisions of your aging parents or loved ones, then that time has indeed arrived.  In fact, it may be overdue,’ says Clarice W. Dowdle, Founder, COO and author of “Time for the Talk:  The Ten Step Plan for Effective Senior Caregiving Today.”

Throughout most of her professional life in marketing and PR, Clarice W. Dowdle always life was about helping and hand holding others to achieve their goals.   And, throughout most of her personal life it seemed in one way or another Clarice was also the one family member everyone would go to for help, advice or direction.   Clarice realized after an intensive caregiving experience with her father last year, that there needed to be a face and voice for this issue…since there are over 65 million family caregivers in our country today, with the largest % of our population now being seniors.

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Someone had to be honest, forthcoming, and explain the process of care-giving from the first onset of concern to the final transition.  Not just facts and figures but real issues that face our baby boomer generation every day as they care of their parents  and loved ones as well as the elderly that are now facing their “golden years” which for some are just not so golden. Read More→

As 80 Million Americans approach retirement, Miriam Goodman has found that often couples don’t retire at the same time, making it, at best, a bumpy transition.  If this is you or someone you know, this show is for you.

Miriam Goodman help you realize that you are not alone in this anxiety about retirement and will assist you in finding new ways to navigate this sudden identity crisis and change in relationships and roles.

Ms. Goodman, also known as Ms. Retirement,  is the author of Too Much Togetherness: Surviving Retirement As A Couple (Bonneville Books), a handbook for living happily with a retired spouse,

and Reinventing Retirement: 389 bright ideas about Family, Friends, Health, What to Do and Where to Live (Chronicle Books.)

Miriam Goodman is a journalist, author, award-winning radio and television producer, and public relations consultant. She has interviewed more than a thousand people, from celebrities to diplomats, from Margaret Mead to Marilyn Chambers. She created, produced and hosted the first nationally syndicated feminist radio program, which ran for seven years from New York to San Francisco on the RKO radio network and dozens of other stations and earned several radio awards. She has been a frequent contributor to National Public Radio, the Canadian Broadcasting Corporation and the Australian Broadcasting Corporation. Miriam was a television producer for Newsweek Broadcasting, a documentary producer for the San Francisco NBC TV-affiliate and received two EMMY nominations her television documentaries.

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Anna D. Banks, Basic Author

By Anna D. Banks, GCDF

Retirement is entirely a different and new chapter of life; some accept it with a smile where as some handle it with lot of stress. A well-planned retirement could get back your smile, and also enable you to enjoy all that which you missed while slogging for your family. Retirement planning can be sometimes quite complicated and one should be very careful and patient while planning for it. Even if your retirement plans are clear set with all your visions and goals in place, it is your financial requirement that will determine the success of the plan. A large percentage of Americans recognize the retirement systems and its undergoing changes but they are not planning well enough to retire comfortably.

• A Retirement Confidence Survey finds that the government regularly changes pension plans and the workers have been experiencing a severe decline in the retirement benefits, but they are not working towards it constructively. Nearly 2 in every 5 workers have not done anything to tackle this issue.

• Some workers depend on the employer provided retirement benefits and they expect that their spouse will receive income from such retirement plans.

• Half of the workers save for retirement, excluding the value of the primary residence. Majority of workers put aside some money for retirement.

• Health care for future retirees will be a huge burden especially with post-retirement financial problems. Workers should understand the use of Medicare and accumulate enough money to even cover the insurance and health costs they would likely face after retirement.

Americans are confident about the way they would spend their post retirement years. A few simple and easy planning strategies could bring order in Uncle Sam’s post retirement years. So get started with some regular saving plan. Developing a savings plan is not very difficult.

Simple strategies can put Uncle Sam on a comfortable and financially secured track.

Goals- Start saving for either your children’s education, a comfortable retirement life or for financial emergencies. Figure out what life would be after 10, 20 or 30 years and then think of the costs and the number of years needed to save enough for it.

Investing- Figure out the right time to start investing and please don’t get distracted. The best way would be to put aside some amount on monthly saving basis, save right from reducing your monthly expense bill to your telephone bill. If you can then invest to reach your goals. Don’t ever abandon your pre-retirement planning.

Savings to match goals– This would depend on your needs and how much time you have to reach your goals, your ability to tolerate risk etc. Start by learning the key characteristics of each goal and then narrow your selection to savings as well as investment products. Selecting the right product can help you accomplish your goal.

However, if you decide what you want in life and how you wish to achieve it, it will sort out half your problem. This will help you in your planning and in choosing products to aid you.

© 2008 Anna D. Banks, GCDF

Author’s Note:
Do you have any questions about career development or lifestyle changes for Baby Boomers, which you think others, like you, would want to know the answers? Post a comment or email your questions to me at

Anna D. Banks, Platinum Author
By Anna D. Banks, GCDF 

While planning for retirement is essential for everybody, it is especially imperative for women. For example, although it is a huge undertaking for everybody to save money for retirement, the challenges and obstacles faced by women are varied and unique, which need to be considered while planning for their post-retirement life.

One of the most important factors to take into consideration is that women, on an average, have longer lives than men by about six years. This means, that compared to men, they will require extra money for their retirement. According to some studies made by demographists, most baby boomer women who are approaching their retirement age are expected to live well into their nineties. This implies that women will have to prepare for emotional and financial security during a retirement that could last more than thirty years, in many cases.

Another challenging factor typically faced by many women is spending less time in the work force. Studies show that on retiring, men put in 44 years of work on an average, while women account for just 32 years. The reason being that it is women who usually take a break from their careers to have and take care of their children, and sometimes even to look after aged parents. Read More→

By Anna D. Banks, GCDF

For many older workers today, retirement is not part of the immediate future. Rising healthcare costs and living expenses combined with inadequate financial planning are giving many people a reason to go on working longer. Some may retire and then rejoin the workforce, while others may change careers mid-way. Either way, a change in career can be the cause of much anguish, and frustration.

There are however, many organizations that offer counseling and networking opportunities for retired mature job seekers. A lot of people in their golden years are dealing with an entirely new set of life challenges. Most experts agree on the following advice:

Rediscover other passions that may have been sidelined in your first job for one reason or another. Finding a job or career path that fulfills you and interests you should be the prime focus, instead of just identifying the next paycheck. Searching for work in the field you spent years in may not work. Don’t assume that you are too old to change direction at this stage in life. In fact, it is a great idea to prepare to step into a new career after retirement. This is the best time to look for a new career, doing what you have always dreamt of doing.

There are generally supposed to be three stages in your life, the learning stage, the working stage and the retirement stage. However, in the age of technology, we have moved into a time when those stages need to merge, and learning, work and play, all become lifelong activities. If you feel the need, for whatever reason, to go back to work after retirement, it is probably a great thing to do for yourself. It will keep you active and younger, for much longer

Find the right motivation to go back to work. Prepare yourself well to step into a new career after retirement. It can be hard for retirement-aged workers to find the motivation to change careers, and to go on working, especially if they have been looking forward to leisure, or feel underappreciated. You may begin to feel that you are no longer contributing in a meaningful way and may envy those peers who are able to enjoy retirement. However, it is important that you learn to make the most of your situation and your activity. Overcome the mental barriers, first and foremost, and become more receptive to the idea of work as a factor that can coexist with learning and playing. A new career after retirement can:

• Give you the opportunity to find a more meaningful working life
• Allow you to achieve accomplishments more compatible with your values
• Give you a community base and the opportunity to give back to society
• Can keep isolation at bay as you age
• Keep your mind and body as active as in youth
• Keep you socially connected with peers
• Fight stereotypes of the loss of creativity and productivity with age
• Keep you engaged and increase your lifespan
• Shift your perspective and begin a new and rewarding career.

ANNA D. BANKS, GCDF is an adjunct professor at Essex County College, career development and marketing coach, speaker, and author. Anna helps individuals design a game plan for an extraordinary career or business. Since 1996, Anna has helped hundreds of job-seekers, managers, business owners, and sales professionals achieve career success. For more information send an email to

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By Anna D. Banks, GCDF
Employability Coach, Adjunct Profesor ECC-WDP

Determination is a key factor that helps us achieve our goals. Goal setting is the process of identifying something that we wish to achieve in a specific period of time. Many of us still do not set goals in our lives, and some don’t even know how they can do so. When they do suddenly decide they need defined goals, they are often unrealistic. So, set your goals with both feet firmly on the ground, keeping your strengths and weaknesses in mind.

One of the best things that you can do for yourself is to put your goals down on paper with pictures or some other visual representation of your goals. If you stick this up somewhere near your work desk, you can often refer to it to see how you are progressing, and it is fulfilling to see all the goals you have already achieved.

Have you heard about the S.M.A.R.T. goal setting outline? It is the acronym for SPECIFIC, MEASURABLE, ACHIEVEBLE, RELEVANT and TIME RELATED outlines. If you take all of these factors into account when setting your goals outline or creating your goals poster, you will no doubt come up with a fantastic set of goals, suited to none but yourself.

Members of the November 2007 Workforce Development Program at Essex County College accepted the challenge of putting their goals on paper.


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Marketing the Brand Called "YOU"

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By Anna D. Banks, GCDF

Branding is a process started by large corporations like Nike as part of a marketing strategy in the 1980s. It is a concept which had them selling their customers an image and an idea. Soon, along with the pair of running shoes you were buying, you were also buying into the concept, and “just doing it”; and your Bell telephone service isn’t just about a tool, its about the way we are all connected. Advertising has become less about the product and more about the feeling the company wants you to associate with what they sell.

Branding isn’t just for companies. People in all walks of life and various career stages are starting to use self-branding to get ahead. Like a company and its product in the marketplace, self-branding means looking at yourself as a winning brand. It’s being aware of the things that set you apart from everyone else and make you memorable and unique – your skills, abilities, personality traits. Being self-aware means you become clear about what you stand for and what you have to offer. Doing a good job is no longer good enough to guarantee your career will go well.

Branding yourself means you become associated with what sets you apart from others and the added value you bring to a job, business, or situation. Self-branding demands self-awareness and communicates that you feel comfortable in your own skin. When you know what you’ve got to offer, you become powerful and intentional about how you communicate that through the quality of service you provide. You are your most important asset. Self-branding provides direction and clarity of purpose for how you work, not just what you do for a living. Because you are self-aware and focused, the benefits of branding are many.

* Increases your confidence and self-motivation
* Increases your visibility and presence
* Differentiates you from your peers and colleagues

As a result, you will:
* Achieve your personal and professional goals
* Increase your salary

Personal branding is the strategy behind the worlds most successful people like Oprah, Madonna, Donald Trump, Richard Branson and Bill Gates. It demands commitment to what you value, consistency in what you deliver, and the guts to market who you are. It is the difference between an ordinary career or business and an exceptional one. Get clear on the brand “You”, and be faithful to it.

Recommended Resources:
* “The Brand You 50″ book by Tom Peters. In it he creates a process in which you can empower yourself to stand out, both personally and professionally.
© Anna D. Banks, GCDF
Author’s Note:
Do you have any questions about career development or lifestyle changes for Baby Boomers, which you think others, like you, would want to know the answers? Please email your questions to me at .


Bracing for the Future

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Anna D. Banks, GCDF

As far as retirement is concerned, most baby boomers on the verge of retiring are now envisioning a self-sufficient, independent lifestyle. The term ‘retirement’ means different things for different people. Some people plan on pursuing new interests, while the others just want to relax. Whatever the future holds for you, one thing is for sure – a secure retirement is the only way you can brace yourself for the future.

Take some time out to envision how you would like to spend your time on retirement and once you have established certain retirement goals, you must determine how your financial resources can be invested. Retirement planning is the only way to ensure you enjoy a comfortable retired life.

Yes, financial security is the key element of any happy retirement. How you plan on spending your retirement time is also extremely important. If you have no fixed plans for your retirement, then you might as well start thinking of alternatives for your regular work schedule. By the year 2008, most of the senior workers and baby boomers will be getting ready for retirement. So, if you happen to be heading towards retirement, here are a few ways to help you get started with your retirement plans.

Planning for your Retirement

• Make New Choices – Now is the time for you to focus on what it is that you want to do. What activities are you planning on signing up for? From education to caring for animals to handiwork and even volunteering, retirement will provide you with enough time for all such activities. Once you join in the activities, you won’t have to sit idle anymore, making your retirement less boring.

• Travel – Travel is one of the most popular activities amongst retirees today. Most airlines, restaurants, tourist attractions, hotels and car rental companies offer discounts for seniors. This is a good way to enjoy your retirement time and to make up for all those long and dreary working years.

• Whether or Not you want to Work – If you’re one of those people who prefer working even after retirement – either because you enjoy working or you need the extra income, then you could probably continue working with your current employer as a consultant or even a part-time employee. With the valuable knowledge that you’ve gained over the years, getting a good job shouldn’t be a tough prospect.

When it comes to working after retirement, keep in mind that your retirement could actually give you the perfect opportunity to turn a hobby into a business. Whatever may be your plans, if you’re planning on working after retirement, remember that there are an increasing number of baby boomers who are also working in a variety of ways ranging from second careers to part time jobs.

The additional income that you may earn in this way will go a long way in replenishing your savings and the retirement benefits that you are provided with, like social security and pension fund. As far as savings are concerned, time can be one of the best resources in helping money grow. When saving for retirement, it is advisable to consider your retirement goals first, the number of years left for you to retire, the tax implications and your tolerance for risk.

© 2007 Anna D. Banks, GCDF

Author’s Note:
Do you have any questions about career development or lifestyle changes for Baby Boomers, which you think others, like you, would want to know the answers? Please email your questions to or post a message on this blog?

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