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Working in your 60s and 70s - Pre-Retirement Career Counseling & Employment Coaching

Retirement versus Working


Retirement – Doing What You Always Wanted to Do


Retirement is when you stop working for a company or organization for a paycheck or benefits.  You now can use your time each day the way you want to spend it. Every day is a holiday if your spouse goes along with your plan.

Retirement is “about getting your budget and liabilities under control, then having a clear understanding of the resources available to create the desired and consistent retirement income you need” says Sean Lee, financial advisor.


Five Signs that say you are ready to retire:


  • You are emotionally ready to quit working.

  • You have followed a retirement budget for six months

  • You have reliable health insurance and debts are nearly paid off.

  • Your children are financially independent

  • Your financial portfolio is large enough to stand losses


Working – You have Purpose, a Paycheck, Benefits and will Live Longer


A job is probably the easiest way to help you feel your life has purpose, so try to stay with it as long as you can, says Robert N. Butler, M.D. founding director of the National Institute on Aging and author of The Longevity Revolution: The Benefits and Challenges of Living a Long Life (Public Affairs, 2008). Even if  your job is not the greatest, Butler notes,“ accomplishment and most important, income, can provide an ongoing sense of purpose. You can gain 32 % more in Social Security pay if you can work and wait and collect it at age 70”.


A European study that tracked 16,827 people for 12 years found that those who retired early had a 51 percent higher mortality rate than those who kept working. Another study showed that of 3,500 Shell Oil employees who retired at 55, twice were as likely to die during the next ten years as people the same age who continued to work-AARP Magazine- November/December 2010 Issue.


Identifying the Right Career/Position and Becoming and Staying Employed Until You Decide to Retire


Two Phase Program


You complete Phase # One (targeting a career/position) and then decide when you want to complete Phase # Two (obtaining your targeted career/position).


Phase # One – Targeting a Career/Position – Five Steps


Step One – Review Financial Situation and Determine Your Salary Needs.       

Determine your financial retirement needs, estimate the value of your retirement resources, determine how to effectively manage your retirement resources and determine how much money you need to make in a future job.


Step Two – Select a Career/Position- Knowing Yourself                                                                                           

You will review your resume and fill out a number of assessments and discuss the results with Dr. Mike Mulligan or another consultant. Your goal is to learn about yourself. You will analyze your resume (education, past industry, positions, leadership experience and capability and accomplishments). You will take assessments to learn about your interests, personality, skills, work values, career aspiration, consulting potential and future projected life style. You will develop a Career Profile on Yourself.


Step Three – Select a Career/Position-Knowing the World of Work                                                                     
You will review the various functional areas, work sectors and industries and curriculum/majors offered in the class room or online by local colleges and universities. You will conduct some exploratory interviews with people.


Step Four – Select a Career/ Position- Brainstorming
We will review your Career Profile and select the career and positions that best meet your needs and talent.


Step Five – Select a Career/Position and Prepare for it.
We will identify the action steps you need to take to prepare yourself for your targeted position.


Phase # 2 – Obtaining Targeted Career/Position –Six Steps        


Step One – At the first meeting, you will share your targeted career field and position with the group and have them critique your resume and marketing letters. You can then make changes in your materials.


Step Two – During the second meeting, you will learn how to conduct a successful job search and obtain high and low stress interviews.


  • Learn and execute the A-B-C network model

  • Research-make direct contact with hiring managers

  • Learn and use the appropriate websites

  • Identify and contact the right recruiters

  • Working as part of a job search support team


Step Three – During the third meeting, you will learn how to track what you are doing to gain interviews. You will continually discuss strategy and be pushed to obtain interviews


Step Four – During the fourth meeting, you will discuss how to sell yourself during a low and high stress interview and negotiate an offer.


Step Five – We will market you to companies and help you obtain interviews. Your profile will be part of a marketing newsletter we will send to companies. If the company wants your resume, we will send it to them.


Step # Six – We will discuss becoming self employed and managing others.


Important Note- We are not a job placement service.  We will help you target the right career and positions and obtain interviews.  We will also help you sharpen your interviewing and negotiating skills so you obtain a job offer.                                                  


A Strong Need for this Program


Dr. Mike Mulligan set up the Pre-Retirement Career Planning and Finding Employment Program because people 50 and older want and need to work longer and they need help in doing so. The longer one can work, the more they can save and enjoy their lives when they do retire. It is no fun to be retired when you are broke.


In 2030, one out of every three people will be 65 and older. Five shocking retirement facts are:


  • 46% of Americans have less than $10,000 saved for their retirement years.

  • 40% of baby boomers now plan to work until they die.

  • 36% of Americans don’t contribute anything to savings

  • 87 % of adults say they are not confident about having enough money for retirement

  • The expected retirement age is up to 67 from 63.


Money News- May 6, 2014



The number of those working past 65 is at a record high and this number will continue to grow. More than 33% of men and more than 25% of those women ages 65 to 69 continue to work.


New York Times, Floyd Norris, May 18, 2012

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