Baby Boomers need to become risk takers to survive retirement
Caroline MacGregor July 8, 2014 | WGVU The number of Americans over the age
of 55 is expected to increase by 47 million people between now and the year
"You're going to have this huge influx of older people and you look at the economic crisis, the financial turmoil; many middle aged and senior aged people have lost their life savings so they may have to work a lot longer."
Award winning publisher and former
radio host, Steve Kayser, who says the news is not all bad.
“The good news is the next generation of retirees will be the healthiest, longest lived, most educated and affluent in history, they will, however, have to keep up with their skillset and a never ending stage of learning.”
This will prove challenging, due to changes
in technology and business. Kayser says to compete with a younger workforce, baby
boomers need to experiment or evolve and take risks. The upside of risk is that
it can result in finding just what you wanted to do all along.
“I think of risk as daring to start over because you get set in your ways, comfortable with your position or title.”
While the loss of a steady paycheck
can be daunting, the internet offer endless possibilities and the opportunity
to work from anywhere. Kayser says older
workers can find success in turning hobbies into work whether painting or writing,
tutoring, caregiving, or turning a love of travel into a new career.
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