4 Signs a Partial Retirement Is Right for You

4 Signs a Partial Retirement Is Right for You4 Signs a Partial Retirement Is Right for You Countless workers look forward to retirement and the chance to live by their own schedules. But going from full-time work to absolutely no structure at all can be quite the shock to your finances. And mentally, it can take a toll, too. Thats why you may want to consider transitioning into partial retirement for a number of years before making it a full-time thing. Here are just a few indications that a partial retirement might work best for you.Since the typical retiree cant live off Social Security alone, the only way to remain financially secure in retirement is to go in with adequate savings. Unfortunately, most Americans arent close to reaching that status. The average household aged 56 to 61 has a median savings balance of just $17,000, according to the Economic Policy Institute. And even over a shorter retirement, thats not nearly enough to pay the bills, even when combi ned with the $16,320 a year the average Social Security beneficiary currently receives.If your savings arent in particularly great shape, a partial retirement could be the ideal solution. This way, youll continue earning some income to either pay the bills or add to your nest egg, but you wont be maintaining the same rigorous full-time work schedule you were formerly committed to. Partial retirement might also allow you to delay your Social Security benefits past full retirement age , thus boosting them by eight percent for each year you do so (up until age 70).The fact that seniors are living longer is no doubt a good thing, but it also means that retirees nest eggs are being stretched increasingly thin. If your health is notably good for your age, and you have a family history of living to an older age than most, then it pays to consider a partial retirement initially. This way, youll avoid tapping your savings to the same degree (if at all) during the first part of retirement, th us enabling your limited funds to last as long as you need them to.Even if your personal family history isnt particularly geared toward longevity, you should know that according to the Social Security Administration, one out of every four 65-year-olds today will live past the age of 90, while one in 10 will live past 95. In other words, your savings might need to last longer than expected, so if youre otherwise ready to retire, doing so on a partial basis at first will benefit you down the line.Many people hate their jobs and aim to leave them as soon as possible. But if you enjoy what you do and it brings you satisfaction, it pays to continue working in some capacity rather than stop abruptly. Its often the case that as we age, our ability to work long hours and endure lengthy commutes declines (either that, or our patience for those things wanes). If youre getting older and your job-related demands are too much to handle, but you otherwise like your work, then reducing your hour s could be the perfect solution.Some people need constant stimulation, while others may be content relaxing and enjoying extended periods of downtime. If you fall into the former camp, then a partial retirement might help you avoid the one ailment that seniors are disproportionately prone to depression.Its said that retirement increases the likelihood of suffering from clinical depression by 40 percent, so going from a structured work schedule to potentially having nothing to do and nowhere to be is a scary prospect. Of course, you can reduce your chances of falling victim to depression by mapping out a plan for how youll spend your days before you retire, but an even better bet is to ease into retirement slowly, and give yourself time to get used to the notion of not reporting to work for eight hours or more per day.Though many older workers prefer to dive into full-fledged retirement, theres no reason why you cant consider a middle ground. Partial retirement offers those for who m its an option the best of both worlds a chance to get some relief from the daily grind without having to completely give up that paycheck or structure.This article was originally published on The Motley Fool . It is reprinted with permission.

Career advice lessons from departing PepsiCo CEO Indra Nooyi

Career advice lessons from departing PepsiCo CEO Indra NooyiCareer advice lessons from departing PepsiCo CEO Indra NooyiAfter 12 years at the helm of PepsiCo,Indra Nooyi, one of the most famous women of color to ever lead a Fortune 500 company, announced that she is stepping down as CEO. Twelve years is a long time, and Id like to do something different with my life, she told the Wall Street Journal about herbei decision to leave. This welchesnt a discussion out of emotion or anything of that sort.During her tenure, she not only took the maker of Mountain Dew, Gatorade and Doritos into international markets and healthier territory, she also became known for mentoring others who aspired to follow in her path. Here are some of the best pieces of advice shes given on careers that we can apply to our livesOn the realities of work-life balanceWhile some people advise us to have it all in our quest for self-improvement, Nooyi was more realistic, giving pragmatic advice on the compromises w omen make as they balance work, children and marriages I dont think women can have it all, she said at the 2014 Aspen Ideas Festival. We pretend we have it all.As an example of her coping mechanisms she created to deal with these compromises, Nooyi said she enlisted her receptionist to help her parent her daughters when they called her at PepsiCo. When her daughter Tyra called, the secretary would follow Nooyis instructions to get Nintendo access.Nooyi recalled how the conversation would go Have you finished your homework? Etc. I say this because thats what it takes. She goes through the questions and she says, Okay, you can play Nintendo half an hour. Then she leaves me a message. Tyra called at 5. This is the sequence of questions I went through. Ive given her permission. So its seamless parenting. But if you dont do that, Im serious, if you dont develop mechanisms with your secretaries, with the extended office, with everybody around you, it cannot work.You know, stay at home mo thering was a full-time job. Being a CEO for a company is three full-time jobs rolled into one. How can you do justice to all? You cant. The person who hurts the most through this whole thing is your spouse. Theres no question about it. You know, Raj always said, you know what, your list is PepsiCo, PepsiCo, PepsiCo, our two kids, your mom, and then at the bottom of the list is me. There are two ways to look at it. (laughing) You should be happy youre on the list. So dont complain. (laughing) He is on the list.On what she learned from Steve JobsWhen Nooyi got the PepsiCo CEO job in 2006, she reached out to Apple co-founder Steve Jobs for advice. In the two hours they talked, he advised her to take hands-on ownership of ideas if she wanted them to actually happen.When she told Jobs that PepsiCos design was a top priority for her, Jobs recommended her to get personally involved if she wanted that to be her legacyIf design is important to you, it has to report to you because its a new skill that you have to build in the company, Nooyi said Jobs told her.If you dont show CEO support for that function, dont even get started on that journey, she recalled him saying.On why learning never stopsTo be a leader, you have to be willing to keep up with the trends and think differently than your peers. That means going beyond the standard advice of consultants.Nooyi told a group of Stanford Business students that bosses who rely upon the traditional strategic planning cycle or consulting reports are doing their companies a big disservice.Our CEOs and leaders have to be lifelong students - not just students in the sense of attending courses or reading a book or two. Youve got to learn how to read widely, walk the market, look at trends in the marketplace, make connections that dont seem obvious, she said. Very often I think what happens is that we separate out the consumer out there from the consumer in us. We are the consumer.On how to combat the loneliness of leadershipFo r women who reach the highest pinnacles of power, the view from the top can be isolating. There are currently only 25 female CEOs in the SP 500 stock index, and two of them will be out by the end of this year. When you become a C.E.O. and youre a woman, you are looked at differently. You are held to a different standard, theres no question about it. Its not that youve become C.E.O., and now you get a hall pass. You dont. Nooyi said during a Freakonomics podcast interview. I think this group of women CEOs, all of us, are going through that right now. Hopefully, as the numbers get bigger - and I hope they do - nobodys looking at us as women CEOs but just as leaders of big enterprises. I hope that day comes sooner than later.Her advice to make it less lonely? Create your own personal board of directors to consult with in confidence about the decisions you make.In that same interview, Nooyi said that when she became a CEO, she started meeting up with other CEOs likeIBMsGinni Rometty and General ElectricsKen Chenaultfor advice.Youve got to create your own ecosystem, and your own kitchen cabinet, so you can sort of alleviate some of the loneliness without giving away any confidential information. I remember that we had a group of five CEOs that we would meet every quarter, Nooyi said. And the five of us would get together every quarter - we tried to get together every quarter - to talk about issues that were on our mind. And it was a good safe group for us to sort of bounce ideas off of each other. Wed talk about everything, ranging from big broad portfolio bets, to, how do you articulate an investor story? to how do you think about people development?

10 High Paying Cities for Baristas

10 High Paying Cities for Baristas10 High Paying Cities for Baristas Today is National Coffee Day and in addition to ordering up a pumpkin spice latte, you can now celebrate because your baristas wages are on the rise.Over the past few months, baristas have had the second-fastest growing paychecks of all the job titles studied in our Glassdoor Local Pay Reports . Thats right, the folks who make your half-caff, grande, no whip mocha are in high demand and they are experiencing a rapid increase in base pay.According to the August 2017 Local Pay Reports, baristas across the country have a zentralwert base pay of $24,194 and 5.7% year-over-year. Why exactly is this? It is likely that recent minimum wage hikes in cities and states across the country have contributed to the growth our reports show for these jobs, explains Glassdoor Chief Economist Dr. Andrew Chamberlain.Looking for a second job or want to jump on the barista bandwagon? Weve got you covered.Here are 10 c ities that are boasting caffeinated compensation for baristas.One Interview Question Asked How do you handle pressure and direction? - StarbucksOne Interview Question Asked Describe a difficult or frustrating experience and how did you learn from it. - Peets Coffee & TeaOne Interview Question Asked What are your strengths and weaknesses in customer service? - Argo TeaOne Interview Question Asked What does it mean to you to be genuine? - StarbucksOne Interview Question Asked You do know that as a Barista its very labor intensive as well as demanding. Do you feel that you could meet these demands (multi-tasking, a lot of side work, cleaning, handling difficult customers)? - HMSHostOne Interview Question Asked Where do you landsee yourself in 5 years? - LavazzaOne Interview Question Asked Tell me about a time you had fantastic customer service and what made it great. - StarbucksOne Interview Question Asked Please tell me about a situation where you had a problem wi th another employee, what happened, who was the other person, what procedures were taken, and what was the outcome? - Peets Coffee & TeaOne Interview Question Asked If you were a kitchen appliance what would you be? - Tullys CoffeeOne Interview Question Asked If you found $20 on the ground that you watched someone drop would you pick it up? - StarbucksEditors Note For the 10 High Paying Cities for Baristas article, median base pay and year over year growth was based on the August 2017 Local Pay Reports. The number of open jobs per city is as of September 27, 2017.

2 traits that help most successful people usually spell disaster for the rest

2 traits that help most successful people usually spell disaster for the rest2 traits that help most successful people usually spell disaster for the restSince I heard Daniel Kahneman speak at the World geschftsleben Forum this year, I havent stopped thinking about one particular point he raised.Kahneman is a Nobel Prize-winning psychologist and the author of the 2011 bestseller Thinking, Fast and Slow, in which he outlined a series of cognitive biases that affect our everyday decisions.At WBF, Kahneman spoke about a paradox of success You probably cant be wildly successful unless youre optimistic and overconfident about your chances. But generally speaking, optimism (the belief that youre less likely than others to experience bad events and mora likely to experience positive events) and overconfidence (an inflated sense of accuracy or ability in a specific area) are career saboteurs.Its the difference between, say, the Elon Musks and Jeff Bezoses of the world and the rest of us.To b e optimistic on average - its leid favorable, Kahneman said. But extreme success is impossible without optimism.Kahneman pointed to a 2007 paper published in the Journal of Behavioral Decision Making.Researchers looked at a group of inventors in Canada and found that above-average optimists who were advised not to pursue their project ended up spending 166% more money than below-average optimists did when they received the same advice. (The researchers found that overconfidence didnt have an effect on the inventors spending behavior, but that may have been because they didnt specifically measure the inventors confidence in their abilities.)Based on their findings, the researchers surmise that a high level of optimism may act to keep inventors going in the face of adversity - which is either a laudable or completely impractical behavior depending on your perspective.As Kahneman described it, the average inventor would have been better off financially heeding the negative advice and taking a more traditional job but the most successful inventors would not have.In some circumstances, overconfidence can be beneficialA more recent study provides some preliminary evidence that, at least among entrepreneurs, optimism can backfire.The study, which was published in the journal European Economic Review, found that above-average optimists who are self-employed earn 30% less than below-average optimists who are self-employed. Interestingly, however, the study also found that optimists who work for companies earn more than their more pessimistic peers.Still, there are some circumstances in which overconfidence in particular can work to your benefit. An article in the Harvard Business Review describes a study that found, at firms led by overconfident CEOs, there tends to be lower employee turnover and employees allocate a greater share of the assets in their retirement benefit plans to company stock.The authors write in The Harvard Business Review, At least in the corpora te world, there may be a bright side to overconfidence it can increase the commitment of other people to your venture.As for Kahneman, he called optimism the engine of capitalism. He said, When you have lots of people trying things against the odds, its not very good for most of them. Most of them will fail. But its very good for society at large to have a lot of people competing and a few of them succeed.This article first appeared on Business Insider.

Unusual Article Uncovers the Deceptive Practices of Resume Buider

Unusual Article Uncovers the Deceptive Practices of Resume Buider A resume builder will allow you to rectify any errors and supply you with a working vision of the resume as you edit. There are a few general guidelines for selecting a resume writing service. Resumes supply the all important first impressions to an employer an applicant cannot give during the first phase of the application approach. Once youve reviewed resumes in yur field, peruse resumes across fields to know how to vary using action verbs and receive a feel for what makes an effective accomplishment statement. The good thing is an angeschlossen resume maker gets you a professionally formatted resume in almost no time, which means that you may take the very first step toward a better paycheck faster. Depending on the kind of application process youre addressing, it could be appropriate to include samples of your work inside your CV. When youre asking for a job which relies on the strengths of the person, you w ill need a resume template which you can inject a little more personality into to make it pop. Your application should stick out as a way to find attention. Employing a resume template is now an acceptable and smart practice for several reasons. Fortunately, there are many publishers around whove created incredible resume templates for fast editing and formatting in Word. There are lots of free resume templates readily available on the web but sometimes it can be very tough to decide on the best one that is most suited to you. The good thing is that there are many resume templates readily available online you dont need to be resigned to using the Microsoft Word templates which everyone else has. The mixture of our templates and your input is likely to make your resume fly to the peak of any pile. Many categories and kinds of templates to pick from Using the top resume template word you may find an assortment of templates for several purposes, where the data and the fields are structured so as to suit that particular application requirement. The majority of the templates are supplied by named, resume writing specialists and thus the quality is quite excellent. Our creative templates enable you to stick out from the crowd. Ok, I Think I Understand Resume Buider, Now Tell Me About Resume Buider Career Perfect is a superb supply of resume advice and seems to have a superb reputation online too. Its high-quality PSD file is completely customizable. Resumes do not need to be boring. They do not have to take so much of your time but still should not be neglected. The Characteristics of Resume Buider If youre having trouble getting attention, be certain to take a look at our tips to receive your resume noticed. Chronological resumes are perfect in case you have experience in the area and a number of years of uninterrupted employment or whether youre a recent college grad. Each resume format was made to boost your odds to find the job in 2018. Its conte nt-packed layout is ideal for engaging employers with numerous facts, from experience to education. However much or what type of work experience youve got, theres a resume format that is likely to make your qualifications shine. Our resume builder is the quickest approach to create a resume that can help you get your fantasy job. LiveCareer is another resume builder which includes pre-written abilities and work experience inserts for a number of employment types. After you have prepared and submitted your resume to an employer the hope is you will be requested to attend work interview to go over further whether youll be suitable. There isnt any time for procrastination once it comes to getting your perfect job. Its cool that youre trying to find a job to have some money, but you need some issues with resume. When youre working at your present job you arent stressed, seems like everything goes smooth and with no troubles.

Rumors, Deception and Summary Resumes Examples

Rumors, Deception and Summary Resumes Examples The Fight Against Summary Resumes Examples If you follow the advice above you will have an interesting, compelling resume summary that is likely to make the reader want to find out more about you even regardless of your lack of work experience Most individuals will at least try to have some appropriate expertise in the work field theyre attempting to enter. When writing a resume, it helps to review resume examples that are associated with your occupation. You will also find a good example of a resume written especially for an early childhood education job. Employers understand that youre young and looking to enhance your experience, so give them as much as you can that shows you are going to be an important employee. Resume is a sort of document employed by individuals that are seeking for employment. Since you likely dont have a good deal of Work Experience, you can include your Achievements as a distinct section. Based on yo ur degree of experience and the jobs youre applying for, what you decide to concentrate on in your resume summary might vary. While its not obligatory to have a resume summary, it is imperative to include one if you truly need the job. Although your resume ought to be kept short and easy, you should however use words and phrases which suggest the degree of job which you are applying to and which represents your qualifications and experiences. On the flip side, functional resumes are ordinarily used by fresh graduates or individuals who have less experience but want to grab the work vacancy. The Honest to Goodness Truth on Summary Resumes Examples Consider whether it should in bullet or paragraph form yet surely a summary does not have to be in full sentences, the main thing is it includes a comprehensive thought and an understandable clause. Just ensure that the very first paragraph is catchy, as nobody will keep on reading in the event you dont intrigue the target audience pr operly. In general, the second summary tells us 90% of that which we want to know more about the applicant in only a few clear sentences. Whilst you write your summary for your resume, attempt to consider what you want them to discuss with you, and what exactly you desire an opportunity to discuss. Life, Death, and Summary Resumes Examples Youre going to compose a resume summary which gets far more interviews. You will not just learn what to include to your summary but might also observe the elements that youll need to avoid, like typos, jargon and so forth. You may want to look at a qualifications summary which we outlined in last weeks postbut if only you need to have a summaryhere are a couple examples to help you begin. Your LinkedIn summary is among the most essential components of your profile. How to Find Summary Resumes Examples on the Web Resume objectives are occasionally thought to be the old schooltype of resume. With a summary statement, you can nonetheless emp hasize your abilities and accomplishments, but could also highlight your own personal brand. Its also wise to dont forget that your summary is your small business card, which means you should take your time and proofread it multiple times before publishing. The absolute most helpful summaries target one career objective.