BabyBoomersBlueprint

I came across this fantastic article by Liz Pullman Weston, and wanted to share it…..

“If you lose your job in your 50s, you may have a tough time finding a new one — and that’s a game changer if you had planned to work (and save) for a few more years.”

“Carol Friery thought she was doing everything right. The warehouse manager loyally stuck with the same company for 17 years, contributing 10% of her income to her 401k and avoiding credit card debt.

Then the company announced it was closing the Rhode Island warehouse where she worked, and Friery was laid off at age 58. Now, after 18 months of fruitless job searching, Friery believes she’s involuntarily retired.

“I’ve applied anywhere and everywhere,” said Friery, who lives in Somerset, Mass. “I’ve applied in my field and out of my field. . . . I thought I was doing OK with retirement planning and savings, but Read the rest of this entry »

I know this isn’t the business type info you’re accustomed to seeing here, but it does pose a significant question.  Are you prepared financially?

Visit msnbc.com for breaking news, world news, and news about the economy

We have had what I call a “placeholder” site up for a while now at For Life’s Next Phase while communicating with clients and service providers to determine new offerings.  We are growing and are very interested in making this site “bigger than just us”.  I would love to hear your comments and suggestions as a part of my valued community.  Please either comment directly here or if you’re one my Twitter friends, please send a DM so it doesn’t get lost in the shuffle.

We work directly with seniors and their families, and we’re very interested to know what information you may need.  Here are some examples:

• How to find assisted living, adult communities, and aging in place information
• How to find non-profit organizations providing eldercare support
• How to find Read the rest of this entry »

Here are some interesting statistics regarding baby boomers nearing retirement from moneycentral.com, which you can read in full HERE.  Please let me know your thoughts about them…  Can you relate or are they far from the mark in your opinion?

• Now nearing retirement, the oldest baby boomers face perhaps the most challenging economic environment since the 1930’s.
• Boomers’ 401k plans were battered in the 2008-09 market meltdown – just as the first wave of boomers prepared to retire.
• About 15% of homeowners 55 to 64 recently owed more on their homes than the homes were worth.
• More than half of affluent 60 year olds (with about Read the rest of this entry »

It is no surprise whether you are retiring and looking for another career, or whether you’re stuck with this economy, more and more people are looking to start home based businesses.  This article by Cheryl Kimball and Entrepreneur Press list 55 business startup ideas. These are separated into 3 categories:

• Startups under $1500
• Startups under $3000
• Startups Over $3000 (but might not exceed $5000)

It’s worth looking at because they don’t just list the idea, but provide a short comment on how to get started.  It was interesting though, that I didn’t see much having to do with online marketing, most were service related.  Lots of great food for thought though!  Visit: www.businessonmain.msn.com

Until next time, J.
“Take control of your destiny or someone else will”