Key Takeaways. “Baby boomer” refers to a member of the demographically large generation born between the end of WWII and the mid-1960s. Given the “Baby boomer” age and career stage, the top benefits priorities for the Baby Boomer generation revolve around healthcare and finances. “Traditional” benefits, such as medical, dental, vision, and life insurance top the list, along with financial benefits, like 401(k) with employer match.
If you plan on relocating during retirement, there is one type of location that may not be on your radar, but it should be. College towns. According to a U.S. News & World Report article. there are many great reasons why moving to a college town in retirement is a smart idea. And it seems like many retirees are already in the know. College towns boast many events and venues that are perfect for retirees. Universities have a packed schedule of sporting events, concerts, guest speakers, art exhibits, festivals, theater productions etc. Being near a college gives you an endless supply of things to keep you enlightened, connected to the community, and just plain busy. Access to quality medical care is usually, and should be, a top priority when deciding…
When executives attend conferences and symposiums to improve their leadership skills, they often hear “Nurture your curiosity. Stay hungry for knowledge. Be a lifelong learner. “ What does lifelong learning actually mean? It means don’t get stale. Don’t stop adding to your knowledge base. Find and develop new interests. When we’re children, we’re mandated to attend school until we’re 16, 17, or 18 – depending on our particular state’s law. American society fully embraces going on to college or to vocational training. Some companies pay for their employees’ continuing education. After that – you’re on your own. Some people turn to the online options – podcasts, webinars, and MOOCS, which are massive online open courses. They don’t mind being plugged in for a few more hours a day. But if…
The old idea of “retirement”?a word that means withdrawal, describing a time when people gave up productive employment and shrank their activities?was a short-lived historical anomaly. Humans have always found meaning and motivation in work and community, and the boomer generation, poised to live longer in better health than any before, is already discovering a new type of retirement planning called “unretirement”?extending their working lives, often with new careers, entrepreneurial ventures, and volunteer service. In Unretirement (Bloomsbury Publishing, 2016), Chris Farrell details how their experience, wisdom?and importantly, their continued earnings?will enrich the American workplace, treasury, and our whole society in the decades to come. The following excerpt is from the book’s first chapter: “Work Long and Prosper.” Two titans of the New Deal were Harry Hopkins and Henry Morgenthau Jr. Hopkins…
As well are all painfully aware... This trend is most likely going to impact smaller privately held companies even harder given that many are also owned and lead by baby boomers and typically have much smaller work forces from which to groom knowledgeable replacements for retiring experienced workers. Recently MiddleMarketGrowth.com published an enlightening piece that examines this movement in great detail. This is how they described the current employment trend: Despite the doom and gloom of recent economic news, the middle market continues to outpace large-cap companies and global corporations in business growth, M&A and workforce expansion. Most middle-market business leaders are well aware of the “war for talent” that exists today. Attracting and developing talent has been and will continue to be the No. 1 constraint on growth for midsize companies. The bad news…
It seems like just a few years ago that managers and HR professionals everywhere were talking about the impact of Millennials in the workplace. Millennials, also known as Gen Y, were different from Gen X and Baby Boomers. The first generation to have grown up with hyper connectivity and social media, they had their own distinct views of why and how to work. Those views initially shook up the workplace, but now, approximately two decades later, they’ve reshaped it. Flex work and telecommuting are becoming more and more the norm, as are other employer perks that facilitate a good work-life balance. Companies strive to demonstrate social responsibility and provide meaningful work in order to attract top Millennial talent. And the fact that the gig economy is gaining ground appears to suit Millennials, who are…
