Check out these recent Hot Topic articles! Visit this page regularly to find links to new articles that will keep you informed and engaged.
More older Americans are choosing to leave the labor force during the pandemic — for some unemployed workers, it was a decision they couldn’t avoid.
About two million baby boomers have been retiring every year since the oldest turned 65 in 2011, but between the third quarter of 2019 and the third quarter of 2020, that number increased to 3.2 million, said Richard Fry, a senior researcher at Pew Research Center.
“There is evidence that, yes, as a result of the pandemic, the number of boomers retiring accelerated,” he said.
I have read a lot of retirement books touting the “keys to a successful retirement.” Some have great ideas. But I think they miss a key ingredient. My contention: To have a successful retirement, we need to start with a proper understanding of work.
Admittedly, it’s a counterintuitive way of looking at retirement. But sometimes looking at a problem backward can help us find creative solutions. In other words, examine the opposite of retirement for lessons about retirement.
As a psychologist who primarily serves older adults, I have helped many people through the transition into retirement. For some, the choice to retire is made with certainty and clarity. They choose a date, have a party, and drive off into the sunset with a smile on their face
COVID-19 has forced tens of millions of Americans to stay at home and isolate themselves. We have all discovered the struggles that come with not having a structure in our daily lives, or a place to go to each day. Many of us have felt depression take over as our lives are uprooted, time with friends eliminated and, in some cases, incomes lost. For some, however, this lifestyle is nothing new.
As a business owner, there’s a lot of things on your plate. You have to worry about hitting quarterly goals, boosting revenue, and somehow balance it with your personal life.
With so much going on, it’s tough to think about the next 30-40 years when you’re just trying to get through the next five years with maximum growth.
I’m standing in a savanna in South Africa, surrounded by roughly 25 tranquilized elephants. It is 2018, and just minutes earlier the massive creatures had been darted by a veterinarian from a helicopter overhead.
A growing number of baby boomers are considering early retirement as a result of the pandemic, according to Bloomberg.
Approximately 2.7 million Americans age 55 or older are thinking about calling it quits on their careers much earlier than expected because they are experiencing "Covid-19 fatigue" and can afford to exit early with rich retirement accounts.
Phil Chin loved being an active member of his community in Falmouth, Maine. The 71-year-old taught safe-driving and fraud prevention courses for AARP, participated in community theater and sang in the church choir. Then COVID-19 upended these cherished activities.
Undaunted, Chin pivoted to volunteering virtually. State regulations prohibited teaching the safe-driving courses online, but the fraud prevention classes could be done remotely. Meanwhile, the theater mounted virtual productions of “It’s a Wonderful Life” and “A Christmas Carol.” Chin also edited together audio of the choir’s individual voices to create choral pieces. “Teaching, acting and singing when there are no live audiences can be a challenge,” he says. “But in the end, the results are meaningful and satisfying.”