800,000 people over the age of 65 left the U.S. workforce

Right now, nearly ten thousand Baby Boomers retire from the workforce every single day. 800,000 people over the age of 65 left the U.S. workforce in the last quarter of 2016, confirming that “The Silver Tsunami” (a term used to describe the mass number of aging Baby Boomers) is indeed a threat to many businesses. For all the talk about delayed retirements and extended workforce participation rates — both of which are well documented and shaping the demographics of today’s workplace — the simple fact remains that the Baby Boomer generation is now leaving the office for the last time, in droves.

Read more: https://www.panopto.com/blog/let-your-experts-retire-not-their-expertise/


luxury of free time

Paying it forward generally means the beneficiary of a good deed repays it to others instead of to the original benefactor. The idea has become quite popular as we search for ways to help both those we love and those in need. Doing something for another free of charge or obligation, just because it is the right thing to do, typically proves rewarding for all involved.

In retirement, we are afforded the luxury of free time to do with as we please. Whether we choose to simply sit and watch the world go by or to actively engage in more meaningful pursuits, the choice is ours to make. Retirement can be the perfect opportunity to do something to help others, and to ask them to pay it forward.

Read more: https://money.usnews.com/money/blogs/on- retirement/2012/12/21/pay-it-forward-in-retirement