Before the economic crash, many Americans over age 50 were telling pollsters they intended to start businesses rather than retire after finishing their primary careers. Now, the ranks of would-be entrepreneurs are swelling out of necessity as the recession pushes more people into premature early retirement. How are 50-plus entrepreneurs faring in the current tough [...] [...more]
A friend lost his job recently at age 64. He had been a fundraiser for a major national charitable organization that has seen its donor base hammered by recession and now is cutting headcount. My friend doesn’t want to retire–but at the same time he understands that the odds aren’t great that he’ll find a [...] [...more]
Ask someone over 50 what they want to do after retirement, and you may well get this answer: “Keep working!” Surveys suggest that more than 75 percent of the baby boom generation plans to keep working past traditional retirement age. But it’s not likely that many will keep laboring away in Corporate America. Most boomers [...] [...more]
Al Brown was camping out in the backyard with his eight-year-old son one summer night last year, when a tough question popped up: “Daddy, why do you have to leave home so much?” Brown—a 20-year veteran of corporate purchasing jobs—had just returned from a two-week business trip in Mexico. And his answer—“It’s my job”—wasn’t cutting [...] [...more]
