Archive for retirement options

By Anna D. Banks

The economy has most of us scared. We want to retire, but feel that we can’t. Housing prices are down. Tuition for your college aged children is rising faster than the surf at “Big Sur”, and even the “well-healed” baby boomer is feeling the economic pinch. Overall things may not feel full of promise, but take a look at the short video and be inspired.

To read more about Douglas Goodey – The 20 Million Dollar Man Click Here

Live Fearlessly,


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By Anna D. Banks, GCDF

Boomers young and old are starting to think about the years ahead. Three-quarters of the 76 million Baby Boomers in the United States plan to work full or part time after age 65. Many are still focused on their families, providing care for their children as well as their parents.

With Baby Boomers living longer, healthier lives, the conventional idea of retirement is out of date. This cohort aged 50 to 65 wants to know “What’s next?”

The “Too Young to Retire” Course answers their burning question with resources, inspiration and good humor. Enlightening exercises and workbook pages as well as a comprehensive list of publications, home exchange organizations, and websites are included to assist participants in making meaningful choices.

The 2young2retire Course

Who am I? What am I doing here? Baby Boomers start asking these Big Questions, in one form or another, around age 50. What if your Big Answers could launch a whole new, more meaningful life in the years ahead?

The 2young2retire course is a process that helps you get clear about your choices and future possibilities. Working with a 2young2retire certified facilitator,” participants will discover what matters most to them and where their skills and experience could be put to good purpose.

The six areas of discovery are:

► Work that matters (paid or not)
► Being your own boss (you can do it!)
► Community activism (it’s about time!)
► Money control (at last)
► Wellness plan (quit stalling now!)
► Intelligent travel (why to go where)

To find out more about how the 2Young2Retire Course can assist you, visit

© Anna D. Banks, GCDF

ANNA D. BANKS, GCDF is an adjunct professor at Essex County College, a certified “2Young2Retire” facilitator, career development and marketing coach, speaker, and author. Anna helps baby boomers and other adults 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

Author’s Note:
Do you have any questions about the 2Young2Retire Course or lifestyle changes for Baby Boomers, which you think others, like you, would want to know the answers? Please post a question on this website or email your questions to me at

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By Anna D. Banks, GCDF

About one third of the 45 million Americans that do volunteering work comprise of retirees. Besides providing a useful form of activity to occupy the free time that they now have after retiring, many retirees also discover that volunteering can be a very good outlet for the vast experience, knowledge and skill that they have acquired during a lifetime.

But making use of free time and using their skills and experience are not the only reasons why retirees are volunteering in increasing numbers, there are many other rewards that they derive from it. Retirees often find that it is also a way of learning new skills, such as developing people and communication skills. They also like the sense of belonging to a group of well meaning and giving people who go out of their way to be of service to others. In their volunteer work, they soon form new bonds with like minded individuals who share the same vision of bettering the community.

Some of the retirees also like the structured way of contributing meaningfully to the society, which they have been cut off from by retiring, such as being disciplined about time and being a part of an organized structure. However, others opt for volunteering as a means of providing a complete break from their previous working life.

For many older people, however, one of the most rewarding aspects of volunteering is the new sense of purpose they derive from ameliorating the lot of people who often have only them to depend upon. And for people who are new to it, it can also be a way of developing new understanding of people in distress, such as those afflicted with disabilities, bed ridden invalids, sick children, people with little financial means, and so on.

Volunteering, therefore, also helps older people feel that they are making a difference, that by the efforts they put into it, in whatever small way, they have the ability to make things better. This can be a source of great fulfillment.

Besides, when other people are dependent on you, it can often change your whole perspective about yourself and life. For many older people, retirement can often be a stressful time. The loss of a job entails a sense of worthlessness and redundancy. It can almost feel like life and the world has no more use for you. For many, post-retirement depression can set in. Volunteering can be a means focusing on other people and regaining the sense of contributing meaningfully to the community and the world.

Although most people feel that retirement will be the time when they will have all the free time in the world to pursue all the fun things in life that they missed because of the demands made on them by their job, they often discover that in reality boredom soon sets in with all that time on their hands. Volunteering provides a means of keeping busy in a meaningful manner.

People derive great joy from the ability of being of help to others who need it. By volunteering their time and efforts, they give a part of themselves. In return, they get the fulfillment of receiving the blessings and love from people who are usually complete strangers. Although by volunteering they do not expect to gain anything personally, but ultimately many retirees discover that they gain much more than they have given.

The experience often reveals that there is something special about being of service to less fortunate people. The thankful faces, the thought of the difference you make in their lives, to know that you were a part of offering succor to someone who probably had nowhere else to go, can be the most rewarding aspect of volunteering.

© 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? Email your questions to me at

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This is an important step toward easing the brain drain….

WASHINGTON, D.C. – Chairman Herb Kohl (D-WI) and Ranking Member Gordon H. Smith (R-OR) of the U.S. Senate Special Committee on Aging joined today in releasing the findings of the Taskforce on the Aging of the American Workforce. The taskforce was created at the request of Senators Kohl and Smith in an effort to expand opportunities for older Americans choosing to remain in the workforce, and to develop proposals to address the challenges and opportunities of an aging workforce.

“I’m glad to finally be receiving this report. Since this taskforce convened in May 2006, nearly 5 million baby boomers have reached retirement age,” said Senator Kohl. “While the report provides a broad overview of several legal and regulatory barriers, what we really need to focus on is creating innovative workplace practices and providing attractive employer benefits to facilitate the hiring and retention of older workers.”

“By 2025 labor force growth is expected to be less than a fifth of what it is today,” said Senator Smith. “The goal of the taskforce is to prevent this dramatic decline through strategies that encourage extended work life and remove barriers that hinder seniors from working longer. This report is a good first step in what must be an on-going effort to ensure the door stays open for our seniors who wish to remain an active part of the U.S. workforce.”

The interagency effort was launched in May 2006 to focus on the aging of the American workforce and the impact of this demographic change. The Taskforce on the Aging of the American Workforce was charged with two primary goals: (1) identifying strategies to enhance the ability of older Americans to remain in or re-enter the labor market and pursue self-employment opportunities; and (2) identifying strategies to enable businesses to take full advantage of this skilled labor pool.

The report presents strategies developed by the taskforce to address the most significant issues related to the aging of the American workforce. Among other suggestions, the taskforce recommends creating an interagency group to inventory the legal and regulatory barriers and disincentives to employment of older workers. The interagency will identify the pros and cons of specific approaches to addressing each barrier. The taskforce also recommends making educational resources on retirement and financial literacy available to older workers at One-Stop Career Centers and local Social Security Administration offices.

Kohl is currently working with Special Committee on Aging Ranking Member Gordon H. Smith (R-OR on a bill that would remove barriers to working longer and incentivize employers to hire older workers.

The U.S. Senate Special Committee on Aging plans to hold a hearing in the spring on what the federal government can do to engage and retain older workers. The Committee will highlight some of the federal government’s current best practices in this arena, and look to ways improvements can be made. A second bill will likely be introduced around this time to make the federal government’s current hiring practices and procedures more friendly to older workers and will focus on increasing work schedule flexibility and phased retirement options.

Last year, Chairman Kohl introduced two bills: the Older Worker Opportunity Act of 2007 (S.709) and the Health Care and Training for Older Workers Act (S.708), both of which would give older Americans the opportunity to work longer if they so choose and offer incentives to businesses for employing older workers.

The Taskforce on the Aging of the American Workforce is composed of senior representatives from nine federal agencies: the Departments of Commerce, Education, Health and Human Services, Labor, Transportation, and Treasury; the Equal Employment Opportunity Commission; Small Business Administration; and Social Security Administration. The Taskforce is chaired by Assistant Secretary of Labor for Employment and Training, Emily Stover DeRocco.

Download your copy here Aging Workforce Taskforce Report

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