Soulaima Gourani, E-MBA’s Post

Why Retirement At 65 Is The Start Of A New Chapter, Not The End! The aging of America is more than just a demographic shift—it's a profound opportunity. By 2030, every #Boomer will have hit retirement age, and Americans 65+ will outnumber those under 18. This seismic shift will reshape our society, but instead of bracing for the impact, we should be asking ourselves: How can we redefine what it means to age? BBG Inc. Ventures published their findings and have been exploring the implications of this transformation. They see an opportunity to reimagine the "Third Act"—a phase of life where people continue to learn, earn, and contribute long after traditional #retirement age. https://lnkd.in/dSru5hpe

Today, workers can begin claiming Social Security as early as 62, but the reality is stark: the average check size is $1,782.74, far from enough to live on comfortably. With half of #Americans over 55 having no #retirement savings, and 57% of labor force growth through 2032 expected to come from Americans 65+, it’s clear that retirement as we know it is unsustainable. And here’s the thing—many older Americans don’t want to stop working. They’re not burned out. In fact, they’re healthier, happier, and more engaged than ever. They’re also highly educated and possess decades of experience. What they need is the right opportunity to channel their skills and passions into meaningful #work. I share my thoughts in Forbes https://lnkd.in/dSru5hpe

Retiring early can be exciting for you if you are financially prepared to walk away from your career. However, if it is for another reason, such as illness or other problem, then life could be a bit more challenging if your income suddenly takes a drop. Preparing adequately to retire takes a plan that should be well thought out in advance if possible. This aspiration resonates strongly with younger workers, according to Kiplinger (https://lnkd.in/gChwb8Rh). A Qualtrics survey of 3,000 working Americans revealed that nearly a quarter of younger Millennials and Gen Z workers plan to retire early, with 41% of these hopeful retirees targeting to bow out by age 50. Regardless of your age, retirement planning is essential. Contact me to begin a conversation about how you can best achieve a good plan. As a certified retirement specialist, it would be my pleasure to talk with you about putting together a program best suited for your individual needs.

A twist on the traditional retirement model: The Golden Girls Lifestyle The 'Golden Girls' lifestyle is a creative approach to retirement that involves shared living. As traditional retirement becomes less feasible due to financial constraints, this method offers an alternative that benefits both the wallet and the soul. In shared living scenarios, retirees come together to live under one roof, splitting costs on everything from utilities to groceries. This not only helps save money but also combats loneliness by providing constant companionship and a built-in social network. The 'Golden Girls' lifestyle redefines what it means to have a fulfilling and abundant retirement, proving that creativity can pave the way for a vibrant and connected golden age. Check out this week’s video for more on retirement planning strategies: https://buff.ly/3xWOH5m #RetirementPlanning #FinancialFreedom #InvestSmart #LateStartersGuide

Based on recent Swedish research, artificial intelligence could prolong the average lifespan to about 120 years this century. If we assume someone retiring today at 65 has a life expectancy of roughly 90, a 50 year retirement and a life expectancy of 120 would mean you're retiring only five years later but spending double the time in retirement. That's insane! Better get saving or expect to work until a much older age. #financialplanning #retirementplanning

As we look toward the horizon of 2030, a significant milestone awaits us. By then, every baby boomer—those born between 1946 and 1964—will be 65 or older. This pivotal moment will mark a shift where one in every five Americans will have reached what many consider the traditional retirement age. This demographic shift isn't just a number; it's a transformation in how we think about work, leisure, and life after 65. It challenges us to reimagine retirement not as an end, but as a new beginning, filled with opportunities for growth, learning, and contribution. For industries, this means adapting to meet the needs and aspirations of a generation that's redefining what it means to age gracefully. For communities, it's about creating inclusive spaces that support a vibrant life at any age. And for each of us individually, it's a call to plan thoughtfully for the future we envision for ourselves and our loved ones. As we approach this demographic watershed, let's consider how we can contribute to a world that embraces this shift positively. Whether it's through innovative retirement planning, supporting age-friendly policies, or simply changing the narrative around aging, we all have a role to play in shaping the future of retirement.

📈 Market Monday: Mapping Retirement A recent analysis reveals that nearly 22% of Americans aged 65 and older are still working, with states like New Jersey leading the way at 33.8%! As the population ages and living costs rise, more retirees are choosing to stay in the workforce, whether for purpose or necessity. This shift highlights the need for solid retirement planning to ensure financial stability in later years. 👉What does this mean? More older adults are redefining retirement, blending work and leisure. 👉How does this affect individuals? While longer lifespans allow for richer, more active lives, rising retirement costs mean many need to work longer to secure their financial future. It's a double-edged sword! 👉What’s the future outlook? As health improves, we can expect even more seniors in the workforce. We’re here to help you navigate retirement planning and make the most of your golden years. Let’s build a plan that suits your lifestyle and goals! 🌟 #RetirementPlanning #ZenithWealthPartners #PersonalFinance #OlderWorkers #RetirementSavings #FinancialPlanning

Today 22% of Americans age 65 and older are still working. With the elimination of pensions and increased cost of living, this number will likely continue to rise. Is retirement planning evolving to keep pace? How should people in their 30's and 40's adjust to this new normal?

The Retirement Landscape is Changing: Unretiring is the New Norm In today's challenging economic climate, retirement isn't what it used to be. A recent survey reveals a striking trend: nearly 25% of baby boomer and Gen X are either "unretiring" or considering returning to work. Why? Simply put, they can't afford to fully retire. Inflation and rising living costs are forcing many to dust off their professional attire and re-enter the workforce. It's not about missing the 9-to-5 grind, but about financial necessity. With household bills increasing by around $1,250 annually and retirement income falling short, many are seeking ways to supplement their earnings. In the US, almost 20% of those 65 and older are now working—a quadrupling since the 1980s. The message is clear: financial planning can't start too early, and flexibility is key in today's economic landscape. Financial experts like Suze Orman emphasize the importance of early financial planning. She illustrates the power of compound growth, showing how consistent small investments can potentially lead to substantial retirement savings. For instance, investing just $100 monthly could result in nearly $1.2 million after 40 years. However, the research also highlights a critical warning: delaying investments can dramatically reduce potential returns. Waiting just five years to start investing could nearly halve your potential retirement fund. The message is clear: retirement is no longer a one-size-fits-all concept. It's a dynamic journey that requires flexibility, continuous financial planning, and the willingness to adapt to changing economic circumstances. Key takeaway? Retirement is no longer a fixed destination, but a fluid journey that requires adaptability, continuous financial planning, and potentially, a willingness to redefine what "retirement" means. #RetirementPlanning #WorkforceTrends #FinancialFlexibility #EconomicResilience #CareerJourney #PersonalFinance #GenerationX #BabyBoomers #Finance #investment

It’s not your parents’ retirement anymore. The erosion of the traditional pension, along with economic and societal factors, have redefined how we think about and prepare for the future. This article discusses strategic, creative ways to plan for the retirement of your dreams. Let’s discuss the options.