Plan "B" for Boomers & Beyond-- Don't retire. Rewire!

Ernestine, you may recall from Rowan and Martin's Laugh-In during the 70's, was huge. Parody often is. But like good humor, over time, it needs to be re-freshed.?Change is inevitable -- a necessary and often positive part of life. Sometimes, major life stage transitions such as moving, marriage, having children or retirement can become overwhelming and stressful. It is important to cope and adapt to change to maintain optimal physical health and mental well being.

Interestingly, our careers, often trverse many of life's changes and are filled with choice. Suddenly, we cross the line into "retirement" age, and the options feel very binary... Are you in. Or, are you out?

It's critical to re-examine our ambitions and dreams. Revisit whether they still are still relevant and feel fulfilling. And, resolve whether they are reaistic. Moreover, if not, what are our choices as we enter into the murkey waters of this new life stage retirement..?

60 is the new 40

Retirement is no longer a transition into old age. But, an opportunity for new adventures. A lifestyle with more freedom... often, a time for reinvention.

The global population is living longer. Individuals are healthier, more capable, and seeking new challenge & adventures.?Over the past 160 years, life expectancy (from birth) in the United States has risen from 39.4 years in 1860, to 78.9 years in 2020. (Click here to see 2020 statista study ).

The boomer generation is massive. There are over 77 million baby boomers (births between 1946 and 1964) living in the U.S., with 10,000 retiring every day. For many, this is the beginning of a new lifestage filled with endless games of golf, pincohle or playing canasta. Many are very happy simply keeping amused and riding into the sunset.

Others, enjoy working and choose to continue a corporate career -- doing what they know and love most. But, this option is not always available. Many employers are hesitant to pay higher salaries for more experienced senior workers, favoring less-experienced, cheaper candidates. They also shun benefits 50+ workers expect.

Despite a 3.9% unemployment rate, older workers seeking employment are not finding work. Workers 34 or younger that have been laid off have a 36% chance of finding a new job within a year. For, those in their 50's, it's only 24%. Past age 62, it drops even more. Many in the 50+ cohort who want to work are involuntarily accepting part-time positions. More troubling, are the growing number so discouraged they're taking jobs they're highly over-qualified for. Or, have just quit looking altogether.

Entrepreneurship. Your Second Act?

Boomers seeking work during retirement years, want to work on their own terms -- with the ability to select assignments; structure work hours; and, have greater control over compensation. Becoming an entrepreneur after 50 enables this group to continue to be vital and produce income -- while shedding the less enjoyable aspects of full-time work and leveraging skills and experience they've acquired during their professional career. In addition, it enables them to maintain a professional identity it took years to build.

Business ownership is not for everyone. But, it can offer an important option to those seeking fulfillment, purpose and growth at a stage in life when they can still be highly productive. It can also provide financial security, control, and flexibility in many new ways

7 Reasons to Continue to Work Past 50

1. People work later in life ecause they can.

2. An abrupt withdrawal from full-time work can be detrimental to mental health and wellness. Read more...

Retirement... What's That?

Entrepreneurs who say they're never going to retire are usually in one of two buckets...

• Those who want to work because they always have and need the mental activity; or,
• Those who have to work because they didn't accumulate enough cash to retire.

A recent AARP study found that 76 percent of retirees work post-retirement because they need the money, while an equal number reported they worked for the enjoyment of it. In addition to the financial rational for continuing to work, some believe their quality of life and health would be diminished if they stopped doing the work they love. Life is growth. When growth stops, life withers away.

Are you ready for business ownership?

Semi-Abesentee/Passive Franchise Opportunities

Franchising today is way more than fast food and retail. It includes a broad cross section of lower-cost B2B & B2C service based business --from home cleaning to home care.

It provides the opportunity to run the show. By taking your years of prior work experience, paired with the expertise, resources, and support of an existing franchise, you have the opportunity to explore the benefits and empowering challenges that come with running your own business –?but with the warm hand of tremendous support.. It also allows you to become a semi-absentee owner -- typically, requiring10 to 15 hours a week of time once it’s up and running. There are a range of interesting concepts which do not require your full-time involvement and allow you to do something else in addition.

Health & Wellness (semi-absentee) Franchise of the Month

The DRIPBaR offers many different Intravenous Vitamin Drips that deliver essential nutrients right at the cellular level for maximum absorption. That means that more of what you need to stay healthy and vital is absorbed quickly and safely—all while you kick back and relax at the DRIPBaR.

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Call or click today for a free consult:

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