Thursday, 10 July 2014
Crabby Old Lady and Retirement Coaches
Did you know that 11,000 people in the United States retire from the workforce every day? Crabby Old Lady doesn't know if that's true but it's what people who call themselves retirement coaches tell her.
Whether the number is real or not, there are way too many new retirees not to be taken advantage of. There's money to made from these folks and the recently invented career of retirement coach is doing its best to pick up some of the loose change – a lot more than you would think people would pay.
Crabby Old Lady has recently been receiving offers from retirement coaches to write guest posts for TimeGoesBy that will help her readers (that's you) become “fulfilled and find meaning” in their later years.
It's about needing a “trusted guide,” these emails tell Crabby, who will “generate options” because “transitioning out of the workforce" can be confusing, wrote one coach whose services help her clients into a “welcoming retirement.”
Does it surprise you to know that you don't need to move to Florida or Arizona to be happy when you retire? You would think that's a no brainer. Nevertheless, that's one coach's lead insight. (Maybe he's a real estate agent in real life.)
One warned that during counseling, which can last as long as 18 months, “you have to be very patient, understand the complex changes, and make no long-term commitments for a while.”
Just like like AA. Or, anyway, that's what it sounds like to Crabby for what appears to her to be a non-existent problem.
Keep in mind that this isn't financial information from a licensed advisor. This is – well, Crabby's not sure what it is.
Retirement coaches are not psychiatrists or psychologists. In fact, anyone can be a retirement coach.
No training is required, no licensing. There is at least one certification program that for $1200 will supply 10 one-hour webinars and issue a certificate but that's just another money-making scheme. Plenty of retirement coaches claim no special training or certification.
Even so, the gig pays well. Charges of $100 an hour are not uncommon and one coach's website lists $650 for three hours of coaching via telephone. Back in 2012, Patricia Marx reported in The New Yorker that retirement coaching can cost up to $150,000.
It sounds like a scam to Crabby Old Lady and leaves her wondering who would pay for such twaddle.
At The Elder Storytelling Place today, Maureen Browning: Our Mothers