Submitted by David Bank on May 11, 2009 - 11:39am.
Education aid for unemployed workers
The Obama administration just announced that unemployed workers receiving unemployment benefits may qualify for the Federal Pell Grant program, which can provide up to $5,350 for educational costs at community colleges, colleges and universities, and many trade and technical schools.
There's more information about federal student aid programs at www.opportunity.gov.
Here's a $10 billion tip: take advantage of some obscure provisions of Social Security's spousal benefits to claim benefits that could help finance the transition to your encore career.
Submitted by David Bank on April 13, 2009 - 11:48am.
The key thing to remember is that an encore transition is an investment – in yourself. Since as few as two additional years of work are enough to salvage many retirement financial plans, taking the time to plan and prepare for the kind of work you really want to do is a prudent move, particularly if it enables you to be happy working longer.
Education aid for unemployed
Education aid for unemployed workers
The Obama administration just announced that unemployed workers receiving unemployment benefits may qualify for the Federal Pell Grant program, which can provide up to $5,350 for educational costs at community colleges, colleges and universities, and many trade and technical schools.
There's more information about federal student aid programs at www.opportunity.gov.
David Bank
Editor, Encore.org
Here’s a $10 billion tip:
Here's a $10 billion tip: take advantage of some obscure provisions of Social Security's spousal benefits to claim benefits that could help finance the transition to your encore career.
Married couples are leaving on the table nearly $10 billion in unclaimed Social Security benefits, according to "Strange But True: Claim Social Security Now, Claim More Later," from the Center for Retirement Research at Boston College.
Warning: It's complicated, so you may want to start with US News and World Report's simpler explanation of the technique.
David Bank
Editor, Encore.org
Financing Your Encore
Financing Your Encore Career
Saving Up for Career No. 2 in Business Week has useful guidance on the wisdom of using retirement savings to finance your encore career.
One helpful resource mentioned in the article is ESPlanner.com (ES refers to Economic Security), the new site created by economist Lawrence Kotlikoff.
David Bank
Editor, Encore.org
The key thing to remember is
The key thing to remember is that an encore transition is an investment – in yourself. Since as few as two additional years of work are enough to salvage many retirement financial plans, taking the time to plan and prepare for the kind of work you really want to do is a prudent move, particularly if it enables you to be happy working longer.
See: How to Finance the Transition to Your Encore Career.
David Bank
Editor, Encore.org