Baby Boomers are becoming aware that they are experiencing a different type of retirement than the previous generation.
Compared to other generations, these confident and independent Baby Boomers admit that:
+ They need more money than their parents' generation to live comfortably.
+ Their generation is more self-indulgent than their parents'.
+ They will be healthier and live longer.
These boomers were born into the beginning of a long and prosperous world economy. Their children, who also grew up in prosperity had the luxury of their helicopter parents guiding them through their younger years.
Now, as the world economy dips into a long period of economic recession, the Boomers approach their retirement years---while many still support their unemployed or underemployed adult children.
For Americans planning for retirement, the past decade has been dreadful.
Standard & Poor’s 500-stock index has lost an annualized 0.4% since 2000, compared with its average annual gain of 9.7% since 1926. No wonder only 23% of working Americans say they are very confident they will have enough money to cover basic living expenses in retirement, compared with 42% in 2010, according to a survey released in October 2011by Sun Life Financial.
The oldest boomers, born in 1946, reached 65 in 2011 as they began retirement age over the next several years. Eight in ten say they plan to work at least part-time--and others envision starting their own business or working full-time at a new job or career--according to an AARP Segmentation Analysis: Baby Boomers Envision Their Retirement.
Before retirement is the time to dream about what you would love doing--and--invest in that dream by being specific as to what, where and how to make your dream a reality.
Now is the time to get smart by shaping your phased retirement and deciding how you want to live the rest of your life.
John G. Agno is a seasoned corporate executive, entrepreneur and management consultant who today coaches senior executives and business owners to reach decision-making clarity by exploring unintended consequences of their future actions in a safe and confidential environment.
John helps you see things you are missing, affirms whatever progress you have made, tests your perceptions and lets you know how you are doing. His developmental coaching is personal training that helps you focus your natural abilities in the right direction. The coaching allows your inner-potential to erupt outward through effective leadership; to develop commitment within organizations and in a world of "free agents" and "volunteer" talent.
Coaching is a powerful tool and one that should be used to help guide, direct and nourish people to become better performers. In today's environment of changing technology and evolving organizations, coaching can have a strategic impact. It provides continuous learning and develops people to meet current and future needs. Coaching is an investment that you make in developing your key resource, people, for the long-term benefit of the organization.
So what is professional coaching and how does it differ from consulting? Download and listen to this MP3 recording of a recent interview of Coach Agno for the answer to that question: http://view.vzaar.com/845767/download