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Abolishing Older Workers

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In an article "Recognizing the Value of Older Workers," that appeared in the November 2011 issue of the AARP Bulletin, the University of Massachusetts Medical School reported losing 10 percent of its employees over 50 years of age every year. The Medical School implemented strategies to retain older workers and avoid the loss of institutional knowledge.

(Hursh, Lui & Pransky, 2006), report that the following prevention strategies will minimize declines in work performance resulting from age-related physical, cognitive, or sensory disabilities:

1. Ergonomic design

2.Job analysis

3. Assistive Technology

4.Job accommodations

5. Training initiatives

6. Wellness and integrated health promotions

These are some reasons why older workers can't …show more content…

I would like to work as long as possible because I do like to keep busy and active. Even as I continue to work in my retirement, I'm hoping to travel each year and experience new things along the way. There are a lot of people who choose not to retire entirely because they still want to contribute, and then there are the ones who have to keep on working for financial obligations. In my life experience, there is ageism in the workforce. Many people I know of having been "let go" of their position for various reasons, such as the company is cutting costs or by hiring someone else a lower wage. I plan to keep learning as I age so I can continue to grow and be an asset for my community.

In doing some research for this assignment, I found a lot of different views on aging and retirement. There is an article I read about how devastating unemployment can be. Ms. Reid, who is 57, has been laid off and job hunting for four years - without a single job offer, despite the countless applications she has submitted, and a college education. "There are fears in the background and they are suppressed. I have had nightmares about becoming a bag lady" she states. "It could happen to anyone. So many people are so close to it, and they don't even know …show more content…

In researching this assignment, I came across websites that gives you a guide in estimating how much you will need to retire. These are the steps to use as a guideline:

Step 1. Take a guess at how much you'll want to spend in a year. Remember to keep in mind new expenses that may come along such as home revisions, increases in insurance, if you are supporting family members or if you want to travel in your retirement. Include all these things in your budget.

Step 2. Multiply the amount you'll need to spend in a year by 25 to 33. This range represents the rough amount you'll need when you retire. For example: If you need $40,000 to cover your yearly cost of living, you will need $40,000 x 25 = $1 million as a conservative estimate or $40,000 x 33 = $1.32 million as a generous estimate.

That sounds like a lot of money for retirement. And this is just an estimate, as time goes on, we may need much more. It's important to plan for retirement as far ahead as possible. We can't plan for the unexpected, but at least we can be prepared as much as possible. It's my hope that when I'm in my 60's, I can at least work part time so I can have a chance to travel, do volunteer work and just experience life in new and exciting

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