What Trends Should Baby Boomers Be Aware of?
Richard Eisenberg, the Managing Editor of PBS’ Nextavenue.org joins our retirement podcast to share his insights. Next Avenue is the PBS site for people 50+, where he is also the editor of the Money and Work & Purpose channels.
Previously, he was Executive Editor of Money magazine, Front Page Finance Editor of Yahoo! and Special Projects Director/Money Editor at Good Housekeeping. He is the author of two books: How to Avoid a Midlife Financial Crisis and The Money Book of Personal Finance.
We talk with Richard Eisenberg about Next Avenue, older workers, and employers, the key trends Baby Boomers should be aware of, and what he’s learned from his research on Blue Zones.
Q. What’s the one thing that people who are planning for retirement may not be thinking about but really should be?
Richard Eisenberg: “If it’s okay, I think I’ll give you two. One of them is will I be able to keep working part-time if I want to. There’ve been some interesting studies that show a lot of people in their fifties and sixties expect to work part-time in retirement. And yet when you look at the surveys of retirees, you find that a very small percentage of them are working in retirement and many of them aren’t because of health reasons. So I think people just need to think, well, is it realistic that I’ll be able to work in retirement? Partly, you know what, I’d be healthy enough to do it, but also will I be able to find work? Will I be able to get hired or will I be able to start a business? So I think that’s one thing I would tell people to think about.
And the other is if you are in a long-term relationship and have a spouse or partner are the two of you on the same page about retirement? We’ve done a few articles on Next Avenue about couples and retirement and have seen some studies that show that frequently couples don’t talk with each other much about what they expect retirement to be like for them. How they plan to spend their time and their money. And then what happens is they get retired and then one of them is planning to travel a lot and the other is not planning to travel at all? And they don’t want to be living differently, but they hadn’t really thought it out because they never had to. So I’d suggest couples talk about this more.”
|Richard Eisenberg is Managing Editor of PBS’ Nextavenue.org, the PBS site for people 50+, where he is also the editor of the Money and Work & Purpose channels.
Previously, he was Executive Editor of Money magazine, Front Page Finance Editor of Yahoo! and Special Projects Director/Money Editor at Good Housekeeping.
He is author of two books: How to Avoid a Midlife Financial Crisis and The Money Book of Personal Finance.
For More on Richard Eisenberg and Next Avenue
Read his Series on Blue Zones mentioned in this podcast
Follow Richard Eisenberg on Twitter
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