Individuals who voluntarily change jobs between the ages of 50 and 60 are more likely to be still working at 65 and 67 than those who stay in the job they have at 50. And, says the report, it doesn’t matter if the job they changed to was better or worse than the one they left. They still worked longer.
Work plays a huge role in our daily life, and the loss of the ‘substance and challenge of work’; the relationship with colleagues; the place to go to work; and the daily routines can ‘leave a gaping hole, causing people to wonder, with so much new-found spare time, whether they matter anymore’.
Entrepreneurship isn’t new. We hear and read about it a lot. And it isn’t just a younger demographic. Older entrepreneurs are hitting the headlines, too.
Many senior Australians want to continue working beyond their Age Pension age. Being active in the paid workforce beyond this point can be good for both your financial position and your mental health.
There’s evidence that a change of job in late career—in your 50s—may extend your career. However, there are risks involved. Research from the Center for Retirement Research, Boston College, US, has found that there has been an increase in employees making a career change toward the end of their working life.
In the past couple of years, 87-year-old Brenda Palmer has had a private meeting with Australia’s Prime Minister; rung the bell at the Sydney Stock Exchange (SSX); and spoken at a Coles Annual General Meeting (AGM). That’s quite a resume for someone who works at the checkout at the Coles supermarket in Malvern—a suburb of Melbourne.
What will you do in retirement? For many, the lure of travel, spending time with family and friends, and exploring new activities and events are at the top of their ‘to do’ retirement list.
It’s true. You can fail at retirement. On the negative side, ‘it seems that the rate of failure in retirement is escalating,’ reports Robert Laura. On the positive side: ‘In a weird way, it’s portrayed as a good thing. There are no red faces or bowed heads when people say, “I tried retirement but it […]
A new report has found that most Australians expect to continue to work in some form of job after they retire. Many believe they’ll need to work to make ends meet.
When are you thinking of retiring? I assume that if you’re reading this there’s the thought that somewhere down the road, maybe soon, you will retire. But have you really thought through the when? What would have to happen before you could?