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Thursday, February 25, 2010

UPDATE: Retirement, re-defined

I offered a posting in September, 2009, which explained how retirement is being re-defined, in response to longer life expectancies, smaller investment nest-eggs, and some amazing aspirations among New Age Seniors.

A recent story from the New York Times offers a particularly outstanding example of this phenomenon: People are retiring from the job they’ve always HAD to have (for economic reasons), and taking the kind of job they’ve always WANTED to have (even for little or no pay). Click here to read the story, or, visit this sub-site to view an audio slide show.

Implications: If you’ll be expanding your workforce anytime soon, I think seniors might be a very smart labor pool to consider. Or, if you have a product, service or experience to sell, remember that many seniors have now created an extra stream of revenue to supplement their retirement plan, pension, and/or social security.

Mike Anderson

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