Baby Boomer Retirement – Next Steps

Baby Boomer Retirement Next Step

Baby Boomer Retirement – Next Steps

I have been writing about all of the issues around the topic of Baby Boomer Retirement. Let’s talk about the next steps.

If you have not read all of the posts this is a good time to review before we address next steps.

Baby Boomers have had a major impact on just about every aspect of society. We will do the same as we redefine retirement.

We will look at a number of factors that will effect how retirement is redefined.

Where

There have been reports that many Baby Boomers have delayed or eliminated any plans to downsize their housing. The great recession has depressed housing prices such that many cannot afford to sell.

We will see housing and healthcare are the two issues that you will need to address in your next step.

Why

Why do you want to retire? It is usually for one of the following reasons:

  • Tired of pursuing a career that no longer meets your personal needs
  • Health issues have caused you to want to stop working
  • Family members have health issues that you need to address. This includes both parents and spouses
  • Custody of grandchildren and the need to stay home with them (This is happening at an alarming rate)
  • You want more time to spend with family

Notice that only the first and last reasons are by choice.

What

What do you want to do in retirement?

One desire I hear all of the time from Baby Boomers is the desire to give back.

Can you fill this desire and still make money?  YES!!

When

Most of the Baby Boomer generation will retire at a much later date than planned and it will look very different.

How

How will we retire? In some ways we will never retire. That is good!!

I see my retirement as working less at something I love.I want the time to do other things like going with my friends this weekend camping and on a long bicycle ride. I want the flexibility to work when I want.

Here is the kicker for my next post. What factor will effect every decision we make going forward?

OUR HEALTH!

What are your responses to the Where, Why, What, When and How of Baby Boomer Retirement?

If you missed my recent post on my upcoming book “Repurpose Your Career – A Practical Guide for Baby Boomers” please go check it out.

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Marc Miller Career Design Specialist

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