A couple of weeks ago Ellen Griffin, Dean of Continuing Education at Southern New Hampshire University, was a guest on my radio show. The discussion was the increase in baby boomers returning to the classroom, the reasons and the opportunities.
Many are returning to school to increase career opportunities in their current profession, graduate program enrollees have increased as well as certificate programs, others are returning to school in preparation for a career change. People are expecting to stay in the workforce longer, whether it is at their current job or a new career, and keeping current with your industry and increasing your value is necessary to remain competitive.
The ease of learning may also contribute to the rise in boomer enrollment, satellite campuses, workplace classrooms and online courses make it easier to participate and complete study programs. It is possible to complete a degree program online without leaving your house or setting foot in a classroom.
Boomers who attend a live classroom bring something to the table their younger classmate’s lack, real life experience with the subject matter. This can be a plus to someone, who is learning the theoretical workings of an issue, to have the opportunity to hear firsthand the actual application of the theory.
One area in particular that has attracted the attention of baby boomers is community service, this generation has a “give back” attitude and there is interest in bringing their management and leadership skills to the non-profit area.
A Boston Globe article on September 13, 2009 referred to the fact that people are expecting to stay in the workforce longer and fifty year olds consider themselves mid-career. The number of Americans over 65 is expected to grow to 20% of the population by 2030 and to continue to increase meanwhile the younger generations will grow at a slower pace. This will open up opportunities for older workers to continue to stay in the workforce, keeping current through education and training will strengthen their position value.
Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts
Monday, November 9, 2009
Tuesday, October 13, 2009
Make Sure Your Assets are Covered
Two weeks ago I invited Chuck Worcester, owner of Hometown Insurance, to be a guest on my radio show to talk about the importance of property, casualty and liability insurance. Having Chuck on was a good reminder to incorporate a risk management strategy as part of your total financial plan and, like the other strategies, needs monitoring and updating.
Often home and auto insurance coverage once established are put on autopilot and ignored until filing a claim becomes necessary. It is important to meet with your insurance agent and review the risk management strategy of your financial plan annually. Maintaining the proper coverage for you assets is critical to protect against damage, injury, or claims against you.
As part of the annual review of your coverage, you should:
1) Make sure your coverage is adequate for your assets and make sure all assets that need insurance coverage are covered. Your life changes and so do the assets you own, keep your agent aware of purchases that will require insurance and make sure they are covered.
2) Make sure your agent knows how certain properties will be used (business or property) and who will be using it (employees, family, etc). This is especially important when you are insuring vehicles and equipment or allowing others access to use your property.
3) Make sure you have adequate liability coverage. Insuring against a piece of property being damaged or stolen is not enough you need to have coverage for damage and injury to others. A large claim or lawsuit against you may exceed your policy’s coverage consider a separate liability umbrella policy for greater protection.
4) Make sure you are getting the best coverage for your dollar. Have your agent compare rates and coverage but remember cheapest is not always best.
Losing the use of property due to damage or a lawsuit against you due to negligence, injury or damage to other’s property can be devastating. You can’t control all the risks out there, accidents happen but you need to be prepared, and maintaining an active risk management strategy can offer protection. Don’t ignore this critical strategy from your financial plan.
Often home and auto insurance coverage once established are put on autopilot and ignored until filing a claim becomes necessary. It is important to meet with your insurance agent and review the risk management strategy of your financial plan annually. Maintaining the proper coverage for you assets is critical to protect against damage, injury, or claims against you.
As part of the annual review of your coverage, you should:
1) Make sure your coverage is adequate for your assets and make sure all assets that need insurance coverage are covered. Your life changes and so do the assets you own, keep your agent aware of purchases that will require insurance and make sure they are covered.
2) Make sure your agent knows how certain properties will be used (business or property) and who will be using it (employees, family, etc). This is especially important when you are insuring vehicles and equipment or allowing others access to use your property.
3) Make sure you have adequate liability coverage. Insuring against a piece of property being damaged or stolen is not enough you need to have coverage for damage and injury to others. A large claim or lawsuit against you may exceed your policy’s coverage consider a separate liability umbrella policy for greater protection.
4) Make sure you are getting the best coverage for your dollar. Have your agent compare rates and coverage but remember cheapest is not always best.
Losing the use of property due to damage or a lawsuit against you due to negligence, injury or damage to other’s property can be devastating. You can’t control all the risks out there, accidents happen but you need to be prepared, and maintaining an active risk management strategy can offer protection. Don’t ignore this critical strategy from your financial plan.
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