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Trending Topics Talk – Working in Retirement, Genome Tests and Productivity

Trending Topics Talk – Working in Retirement, Genome Tests and Productivity

By Susan Williams

Welcome to this week’s Trending Topics Talk!

This week I’m joined by Joe Casey from Retirement Wisdom and Mike Drak from Victory Lap Retirement. During our conversation, we¬†discuss the gap between the age that people plan to work to and the actual reality,¬† genome tests and the productivity loss organizations experience when baby boomers retire.

Here’s our talk;

Here are more details and references on the topics that we discussed;

The Work / Retirement Gap

There was quite an interesting article in Reuters about the gap between the number of people planning on working past their traditional retirement age and the numbers that actually are. In the article they shared;

“…79 percent of workers are expecting to work during their retirement years, according to a recent survey by the Employee Benefit Research Institute. But there is a huge disconnect between the plan to work and what happens. Although most people now say they want to work into their retirement years, only 29 percent of current retirees are actually doing it. Half retired before 62, according to the EBRI survey.”

We chat about this situation and whether we were surprised by the data.

Genome Testing

In an amusing article published in Scientific American, a baby boomer writer shared his recent experience completing a home genome test. He shared that although some of the information was correct, some of it wasn’t.

We discuss our personal views on this type of testing and whether we believe if there is or not value in doing this.

When Baby Boomers Retire and Leave Work Productivity May Go With Them

The Wall Street Journal posted a video that shared some interesting information about what happens when a baby boomer retires and leaves an organization. There was always an expected economic impact as the workforce began to shrink however what wasn’t necessarily expected was the fact that as they left, so did their experience and knowledge which then caused a decline in productivity.

We talk about this situation and whether we think organizations are aware along with what could be done.

We will be taking a summer break on our Trending Topics Talk for the month of August but will be back in September so be sure to subscribe to our YouTube Channel so you don’t miss any of them!

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Susan Williams is the Founder of Booming Encore. Being a Boomer herself, Susan loves to discover and share ways to live life to the fullest. She shares her experiences, observations and opinions on living life after 50 and tries to embrace Booming Encore's philosophy of making sure every day matters.