New Chapter in Life

Over 50 and FABULOUS? Who says age means anything, especially these days when the “Baby Boomers” are booming circles around their children? My mother is the perfect example. As the years go by, the higher the bar rises and she kicks it up another notch. She dove right into her own catering business just shy of 50. There is no project she can’t get done and high school Project Graduation is one of her favorite jobs. I, on the other hand, have trouble staying up past ten o’clock on the weekends.

So what’s driving the over 50 population to work tirelessly on their occupations? Some want to accomplish something that they will be remembered for or can pass on to their children. Some are just so used to striving to succeed that they never slow down. Younger, new hires are pushing some out of their jobs with no appreciation or respect for the ladder of seniority. (Someone should probably tell them that he doesn’t like to be called “Pops”) There are many possibilities why the over 50’s generation would choose to rejoin the rat race with a renewed vigor.

From a woman’s standpoint, I have to consider menopause. It’s inevitable. I will become an over-heated, moody woman who is completely impossible to negotiate with. Many women discover fairly soon however, that there is a light at the end of the tunnel.

After the kids are gone and you get over them not calling every day, you discover that you can do what you want now. So they buy a new wardrobe (sometimes a little too scantily clad) take a vacation cruise and come back home with a tan, ready to start a new chapter in life. That realization is liberating.

They weren’t warned of the future of retirees on America like the younger generation. Yet, the over 50 crowd is taking more initiative to secure their retirement than the younger generation. Yes, they are closer to retirement, but it is being reiterated endlessly how important it is to start saving for your retirement now. Control debt. Reduce overspending. Budget and create a savings “nest egg”, yet national debt percentages are still rising. How do we stop the cycle of poor money management?

Consider starting a new chapter in the financial arena of your life. As a structured settlement recipient, you can start fresh by cashing out your annuity. You can pay off the overwhelming debt, take that much needed vacation and come home ready to take on a whole new world of possibilities. Consult a financial planner and an attorney. Take the opportunity to start a new chapter in life with renewed vigor and enthusiasm.