Social Security Then and Now
Why Retirement is Being Brought Up?
The Social Security, pensions, and your own savings used to be the 3-legged stool for you. But nowadays nobody has a pension anymore unless you work for the government. People lost a bunch of money in their 401k plans. Things like these aren't being brought up that much. What they did when they lose all that money is they move it all to cash and then they lock it on all those loses.
People won’t hire people that are older. You’re kind of forced out when you hit a certain age. So many people tell me that after they hit the age of 50, they can’t get a job and you don’t get your social security til’ you’re 65. So, what do you do? Why will the idea of retirement be brought up in the first place?
10 Years of Change
Unity Between Multigenerational Workforce
We are at the point that we need the tech knowledge, the digital nativeness which is very popular with the younger generations but we also need the wisdom, the experience and the dedication of the older generations. Also, employees who know how to deal with people face to face.
I love the idea of multigenerational workplaces. It’s just not in our world but also in the world for assisted living where they are trying to bring the old and the young together. This has brought up much help for people learn something from different generations under one working environment. They’ve done some studies where it helps both all of the generations where you have different ideas and them coming together and just communicating.
Disadvantages of Working Longer or Not Retiring
If you’re not passionate about your work or if you’re working in a job that is physically demanding or stressful, the idea of continuing work is not very pleasant. Also, if you are working in a physical job (eg., construction worker, waitress), it might not be possible. Older workers can also make it more difficult for the young to get their foot in the door when they are not retiring.
If you receive Social Security benefits before retirement age, there is a significant penalty. Also, if you receive your Social Security benefits while you’re still working, there’s also a penalty.
About Our Co-Host
Kristen Edens is a content developer and brand specialist. She works with businesses to create realistic content plans that help them grow and thrive. What’s a content plan? Basically, it’s free information that helps let people know what you know, and once they know you, they might contact you to help them.
For example, this show. It didn’t start out as a content plan, because I don’t talk about money or investments, or insurance really, but people wind up finding out that I sell Medicare insurance, and then when they need it, they reach out to me. So that is what Kristen does. I met Kristen Eden on Twitter. She has a lot of great ideas on retirement.
You can also visit her at KristenEdens.com
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This post about retirement and retirement lifestyle first appeared on http://RockYourRetirement.com