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?
When considering the mental and emotional issues that retirement brings, researchers recently reported that professionals who retire tend to go through processes of life restructuring and identity bridging.
Cliff edge retirement? That’s getting to the edge of the retirement cliff and jumping off—into retirement. It’s sudden. Work is finished. Retirement begins. But not everybody wants to do it that way.
People approaching retirement should consider how they will feel when putting their career in the rearview mirror. Even if you do a good job maintaining contact with your career friends, your career is over and you may have a period of mourning to go through.