Lifelong Learning

WEEKLY FOCUS – Lifelong Learning

Think you’re too old to go back to school? In May 2007, Nola Ochs graduated from college at age 95, graduating the same day as her 21-year-old granddaughter. But her story didn’t stop there. Three years later in 2010, Ochs earned a master’s degree, making her the oldest recipient of a master’s degree at age 98. Ochs exemplifies one of the changes baby boomers also have brought to their generation’s view of retirement: a desire to keep intellectually active, whether through pursuing a degree or attending a one-night seminar.

If you’re still working, your employer may be able to help you prepare for that next intellectual phase of your life, whatever it may be. While some companies pay only for classes or degree programs directly related to the employee’s job, many will pay for any classes the employee chooses. So if you’ve had an interest in Japanese art but never had the time or funds to obtain formal academic training, tuition reimbursement may be the incentive to pursue that dream, even before you reach retirement.

Many workers are deciding to work beyond age 65 due to either need or desire. That’s keeping them at their jobs longer – so why not make the most of that time? Pursuing education opportunities through your current employer can prepare you for an encore career or hobby following retirement.

Whether or not you have already retired, college courses can be a great way to exercise your mind and expand your social circle. A degree from a college or university can be a nice milestone, but noncredit community college courses can be just as fun and often less expensive. Some universities also offer college courses free of charge for retired seniors.

Retirement planning involves thinking about how you plan to spend the next phase of your life. Discuss your dreams with your financial planner and strategize your finances to achieve them.