With retirements now lasting 30+ years, it’s increasingly important to factor health care and long-term care expenses into your financial analysis of whether or not to pursue a second-act career.
But when making your projections, how much should you budget for these big-ticket items?
As we settle into 2015, I thought it would be interesting to take a look at some of the studies about boomers and retirement that appeared during 2014. While I am reluctant to put too much emphasis on any one individual study (we are talking about 78+ million people after all) the combined data offers some interesting insights into the changing nature of “retirement” in the United States.
So what does “retirement” look like as we begin 2015? Here are five key takeaways from the studies:
I have a favor to ask of you …
When you think, dream or ponder your semi-retirement career, what questions come to mind?
What concerns do you have?
What information would you find most helpful – inspirational success stories, information about courses, help with figuring out what you want to do or ___________(fill in the blank)?
While I normally write about career issues, this little tidbit I recently heard on NPR about how to undo a sent e-mail is simply too good not to share.
I mean, let’s be honest. Who among us hasn’t experienced that sinking “Oh @*$#!!!” feeling when we realized that we hit the send button just a wee bit too soon? And besides, think of the humiliation it could potentially save you in your professional life!
Several years ago, before my mom, Lore Jarmul, passed away at age 85, she wrote a really funny essay about our healthcare system. I’ll share that in just a bit, but first let me tell you a little more about her.
In many ways, Mom taught me much of what I know about second-act careers. She was a remarkable woman: mother of three, grandmother to seven and devoted community volunteer who emigrated from Germany in her teens and went on to earn an advanced degree in economics from Brown University.