Un-retirement: a trend that could kick our butts

Hi,

Hey, thanks, Stock Market! You've given us a new trend, Un-retirement, that could kick our collective butts. Think about seniors coming back into the job market, competing with or keeping young folks from getting the entry-level jobs they normally get. Think about the trickle-down effects of that during a "recession."

Sure hope Dien and them are right about the New Economy picking up steam again.

Anyways, link is below.

Gloomily,

- Boyd


http://ap.tbo.com/ap/breaking/MGAOAI7LM6D.html

Un-retirements were inevitable with the elimination of the penalizing income limits for those under 70. That was a throw-back to the Great Depression and FDR. Encourage those eligible to retire to step aside, and penalize them if they tried to earn extra income. The idea was to leave more jobs to the younger folks.

Then again, maybe many of the un-retiring folks will opt for self-employment. There is plenty of room for people in that sector in both product and service sectors.

I'll gladly sponsor/mentor a few seniors who are interested in sales. They have a life time of contacts as well as on the job knowledge and experience.

With their Social Security and other retirement in place, the ups and downs of commission only income isn't the same hardship to them. It's like collecting retirement plus.

Dennis Bevers


Self-employment opportunity for the young and young at heart!

Hey Boyd,

"Behind every dark cloud is an opportunity"...

Somebody must have said that, I just don't know who ;-)

If I was a senior I'd be thinking about my diginity and using my vast experience to earn cash... not getting an entry level job at Mickey D's.

And... with the limits on my ability to earn as much as I want, without penalty, in extra retirement income I would definitely look at small business/self-employment options.

I bet a lot of seniors will agree that they could do something to 'make money' in a self-employed/small business venture rather than stand at a lunch counter all day and make $5.25 an hour...

I think I have an idea for an information product that would help them ;-)

I don't know, maybe I'm wrong. I'd like to hear from some other SowPuber's on this one.

Best always,

-Dave


Free: My Two Biggest Secrets To Online Success

Hi,

Dave, I agree with what you wrote.

A sidebar is the story I headlined in my Subject. Link is below.

Best,

- Boyd


http://cbs.marketwatch.com/news/story.asp?guid=%7B56D26510%2DF68C%2D4F4A%2DB63C%2D 670E9F553C15%7D&si

Several opportunities surrounding this
market:

1)a matchmaking service for seniors and
companies who want to employ them in the
geographic location where they live...

along your idea of small business development:

2)why wait until they retire? why not reach
out to the "pre-retirement" folks or folks
who want to work in their retirement and do
some type of self employment opportunity "part
time"

what about those with disabilities?

some people retire early because of physical
impairment:

3)design programs, software they can use to
assist them with their home business opportunities..

Just a few thoughts...

I agree. One needs to view this as a mega-trend. Not only will retirees be looking for work because of their underperforming IRA's, 401k's etc.

What do you think will happen when their company pension check is cancelled? Check out the following;

Reuters Business Report
Pension Hole to Hit S&P 500s in 2003
Saturday September 28, 7:48 am ET

By Thi Nguyen

NEW YORK (Reuters) - Stocks slumping for the third straight year will leave large portions of the pension funds of hundreds of top U.S. companies underfunded at the end of 2002, investment bank Merrill Lynch & Co. (NYSE:MER - News) said.

These companies, which include General Motors Corp. (NYSE:GM - News) and some other big names in the broad Standard & Poor's 500 index (CBOE:^SPX - News) , will take a hit to their 2003 cash flow and earnings as they will be forced to contribute billions of dollars to their pension plans -- waylaid by the stock market's spectacular decline since 2000 -- to comply with U.S. laws that protect employee retirement funds.

MORE:
http://biz.yahoo.com/rb/020928/markets_stocks_pension_1.html

dno
> I agree. One needs to view this as a
> mega-trend. Not only will retirees be
> looking for work because of their
> underperforming IRA's, 401k's etc.

> What do you think will happen when their
> company pension check is cancelled? Check
> out the following;

> Reuters Business Report
> Pension Hole to Hit S&P 500s in 2003
> Saturday September 28, 7:48 am ET

> By Thi Nguyen

> NEW YORK (Reuters) - Stocks slumping for the
> third straight year will leave large
> portions of the pension funds of hundreds of
> top U.S. companies underfunded at the end of
> 2002, investment bank Merrill Lynch &
> Co. (NYSE:MER - News) said.

> These companies, which include General
> Motors Corp. (NYSE:GM - News) and some other
> big names in the broad Standard & Poor's
> 500 index (CBOE:^SPX - News) , will take a
> hit to their 2003 cash flow and earnings as
> they will be forced to contribute billions
> of dollars to their pension plans -- waylaid
> by the stock market's spectacular decline
> since 2000 -- to comply with U.S. laws that
> protect employee retirement funds.

> MORE:
>
> http://biz.yahoo.com/rb/020928/markets_stocks_pension_1.html