Monday, June 27, 2011

Baby Boomer Women Not Prepared for Retirement

The financial picture for single baby boomer women is looking bleak. According to the latest research, single female baby boomers are the least-prepared to financially navigate their way through their senior years.

About 40 percent of female baby boomers are single now -- up from 30 percent in 1989. Nationally, there are about 17 million single females ages 46 to 64; about two-thirds of them are separated, divorced, or widowed.

Although many baby boomer women stayed home, at least for a time, to raise their children, the generation brought the first sizable number of women to the workforce. But those who joined the work force earned less than their male counterparts, nationally about 77 cents to the man's dollar.

And many who devoted their prime to motherhood find themselves divorced and returning to a work force that doesn't have space or patience for them. These women have less time to build up their Social Security savings or 401(k) plans.

The Federal Reserve Board found in 2001 that only a third of single women had any sort of retirement savings account; at the same time, fewer than 10 percent of single women had pensions through their jobs.

The AARP says boomer women are ill prepared for long-term-care needs. According to a survey of boomer women, more than half of female baby boomers do not have a long-term-care insurance policy, and two-thirds said they couldn't afford the premiums.

Click here to read more: Boomer women and retirement

Friday, June 17, 2011

Baby Boomer Teachers Wanted

The Teacher Ambassador Program is looking for a few good baby boomers.

The “Teacher Ambassador Program” will train Americans for English-speaking positions at magnet high schools in 13 Chinese cities. It’ll differ from other programs by training participants in how to:

• Appropriately incorporate American styles of teaching (project-based learning, dialogue, critical thinking, etc.); and

• Identify and pursue culturally appropriate community service opportunities in and out of the classroom.

It’s run by United World College-USA (which operates schools and colleges around the world that’ve brought 40,000 students from 100+ countries to learn together, bond and work towards a more peaceful world) and the Ameson Foundation, a charitable organization in NY that focuses on cultural and education exchanges in China.

China is super hungry right now for American teachers (for various subjects, many of which are AP), and some of their best current teachers (in public schools) are folks in their 60s.

The website, if you’re interested: