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Retirement — forgetaboutit

By Jennie L. Phipps · Bankrate.com
Thursday, February 16, 2012
Posted: 5 pm ET

I'm not sure whether this is good retirement planning news -- or bad.

The employment website CareerBuilder.com commissioned a study of workers age 60 and older and learned that 57 percent of them plan to look for a new job after they retire from their current company. About 11 percent said they didn't think they would ever be able to retire from the job they had.

CareerPath also interviewed employers to see how they felt about older workers. Some 43 percent of hiring managers said they plan to hire workers this year who are older than 50, while 41 percent said they hired workers age 50 plus in 2011. Seventy-five percent of the employers said they  would consider an application from an overqualified worker who is 50 and older, with 59 percent of those employers saying they'd make that hire because older workers offer knowledge to an organization and can mentor others.

CareerBuilder has a special section of its website aimed at older workers -- PrimeCB.com. There, it offers these tips for finding work when you are of retirement age and no longer a babe in the woods:

  • Play up the strengths that come with having more years under your belt. Try to make both your life and your work experience relate to the position you seek.
  • Point out the unusual value you could bring to the company. If you are good at training or have a deep familiarity with the career field, this could make you stand above the crowd.
  • Consider part-time or freelance work. Even if the ad says full time or a staff position, don't hesitate to apply, pointing out what you have to offer.  If you don't ask, you don't get.
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2 Comments
CAROLYN
February 29, 2012 at 12:33 pm

i am 54 yrs of age and plan to retire in 2012....i am retiring because I just simply believe it's time to move on after nearly 30 years with this company and believing i have nothing else to contribute in this particular work environment...