Word: dychtwald
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Daniel Kadlec's latest book is The Power Years: A User's Guide to the Rest of Your Life, co-written with Ken Dychtwald...
...employment, outright retirement at a career peak is much smarter financially than phasing down to a lesser-paying bridge job. While some companies rehire retirees as independent contractors, "what's more likely to happen is, people will simply leave a job and then bridge with another employer," says Ken Dychtwald, co-author of Workforce Crisis...
...every retiree living well, there is another living in financial dread, according to a recent study for SunAmerica by retirement author Ken Dychtwald. He concludes that as boomers retire, the group living in dread is likely to expand. The study focuses on today's retirees, who at 65 have a life expectancy of 18 more years and climbing and who can expect to spend much of that time in good health...
...working to an older age is not necessarily a curse. It's the have-to part that hurts, and according to Dychtwald, the number of older people working involuntarily is expanding rapidly. Many of them--22% in the survey--are used to living well (free spenders with good incomes while in their careers) but did not save enough and have already run out of cash or will soon. This group is "flipping out," Dychtwald says. Take George and Maria Rudd of Miami. Together they earn $280,000 a year but have more credit-card debt ($45,000) than savings...
...policy and investing. Most retirees say they feel 17 years younger than their age, and 3 out of 4 say they want to keep learning new skills or academic subjects. Most older adults "demand to stay in the workplace, travel, have sex and otherwise stay in the game," says Dychtwald...