article thumbnail

In Retirement, Olympic Gold-Medalist Michael Phelps Is a Mental Health Advocate

Success

He has been transparent about his mental health struggles , including describing a crippling bout with depression in which he didn’t leave his room for four days. We want to move forward,” Phelps, who retired from swimming after the 2016 Olympics, tells SUCCESS. “We But optimism is not Phelps’ default position. We want to have hope.

article thumbnail

Two-Thirds Of Japanese Companies Struggling As Aging Workforce Drives Labor Crisis

Allwork

When asked about specific measures to address the labor shortfall in a question that allowed multiple answers, 69% said they were intensifying recruitment activities for new graduates and 59% were implementing measures such as extending retirement ages and re-hiring retired employees.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Important Is Retirement Planning For Gen Z Workers?

Allwork

Starting retirement planning early allows young workers to leverage compound interest, turning modest contributions into substantial savings over time. In the bustle of youthful life and ambitions early in a career, it’s easy for young workers to overlook distant financial milestones like retirement.

article thumbnail

Is Retirement Now A Myth?

Allwork

This also points to signs indicating that older workers are both returning to the workforce and prolonging retirement. Labor force participation among Americans aged 55 to 64 has not only recovered post-pandemic, but has surpassed pre-pandemic levels. appeared first on Allwork.Space.

article thumbnail

Planning for Your Retirement

Success

Developing a strategy for retirement planning is deeply personal. There are so many options for retirement accounts because they’re designed to be suitable for people with different needs and lifestyles. The post Planning for Your Retirement appeared first on SUCCESS. Check out their video podcast Cashing Out on YouTube.

article thumbnail

The Pandemic Accelerated Boomer Retirements

Small Business Labs

Louis found that the pandemic pushed about 3 million baby boomers to retire earlier than they would have otherwise. As the study chart below shows, the share of retired Americans has surged since the start of the pandemic, and is well above the trend line. The research note points out many of the excess retirees may not stay retired

article thumbnail

What Is a Health Savings Account?

Success

Health savings accounts, or HSAs, are tax-advantaged savings opportunities for people with a high deductible health plan. On this week’s episode of the rich & REGULAR podcast, Julien discusses his decision to have a vasectomy, and shares some more information on health savings accounts. What is an HSA? HSA drawbacks.

Health 278