Last week’s dismal unemployment report contained what looks like a glimmer of hope for older workers. The August jobless rate for workers over 55 was 6.6 percent – far below the 9.1 percent national average. But the August jobless numbers masks broader weakness in the job market for older Americans, because it measures only workers [...] [read full article…]
Most older job hunters are comfortable with basic business technology— computers, the Web, email and smart phones. But we still have some Luddites out there – you know who you are – trying to squeak by, hoping to finish their working years without getting fluent in technology. That’s especially true of social media tools like [...] [read full article…]
Career reinvention was a big buzzword among many baby boomers even before the economy crashed in 2008. Now, tough new economic realities have transformed career reinvention from a virtue into a necessity for millions of older Americans who aren’t ready to retire or simply can’t afford to quit working. But hard times have not forced [...] [read full article…]
Working longer has been Retirement Plan B ever since the great crash of 2008. But for many workers, it’s now Plan A — and no Plan B is in sight. That’s the key finding from the 12th Annual Transamerica Retirement Survey, which surveyed 4,080 American workers of all ages on their attitudes and expectations about [...] [read full article…]
A U.S. Supreme Court sent an important reminder to retirees this week: you can’t necessarily rely on your employer for an accurate description of your pension benefits. The court issued a ruling in Cigna v. Amara, a closely-watched case dealing with the health insurance company’s defined benefit (DB) pension plan for its own workers. Cigna [...] [read full article…]
