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This week: How to stay happy at work, weird side effects of the Trump presidency, working till you die, seniors starting businesses and why you need to run out and buy life insurance this minute.

1. 4 Steps to Take Before You Buy Life Insurance

[Credit.com] “The 2015 Life Insurance Barometer, which polled 2,032 adults, showed nearly one-third of Americans believe they need more life insurance than they have. Further, 43 percent of Americans said they would feel the financial impact of losing their primary wage earner within six months of his or her death.”

I’ve written quite a bit about life insurance over the years. In my opinion, while it’s obviously necessary to protect a family from the death of a breadwinner, life insurance can also be oversold. For example, in this article, the author quotes someone who insists you need to have a minimum of 10 times your salary in life insurance. “If you earn $100,000 per year, for example, you could estimate you need $1 million in coverage as an absolute minimum.” I find that logic overly simplistic. Read the article and decide for yourself.

2. 7 Steps to Starting Your Own Business After Age 50

[The Dollar Stretcher] “Thinking of starting a business? You’re not alone. According to the Kauffman Foundation, an organization that studies entrepreneurship, the age group starting the greatest number of new businesses is those 55 to 64.”

I find the above statistic amazing. Who would have thought that a group that used to be considered on the verge of retirement is now the most entrepreneurial?  Awesome. So is some of the advice in this article. Young whippersnappers take note: The seven steps in this story can help anyone preparing to launch a business startup, no matter their age.

3. Working ‘Til You Die Is a Lousy Financial Plan

[Money] “A large group of millennials have decided to punt on retirement altogether: One in eight plan to work until they die, according to Manpower Group. Some young workers simply feel they have no choice: According to Merrill Edge, one in five say they would need to win the lottery to retire and, partly because they have little faith in Social Security, 83 percent plan to work in at least some of their retirement years.”

To those of us already looking at 60 in the rear view mirror, the stats above will probably come as no surprise. I’ve written about this before: Company retirement plans are fading into history and for most of us, Social Security won’t be enough. That leaves only two options: Set aside a ton of money, or work till you drop.

4. 3 Weird Markets Trump Has Already Changed

[Debt.com] “A lot of people stand to make a mint off the election of Donald Trump. But one group is excited about that in a literal sense: the Professional Numismatists Guild.”

Apparently, Trump’s election has moved more than the stock market. This article says that the price of rare coins is getting shinier since his election, and the marijuana market is getting higher as well. One industry that’s heading down with a bullet, though: guns. For the facts behind the figures, give this one a read.

5. 11 Simple Ways to Survive a Terrible Workday

[Wise Bread] “When you have a bad day at work, you have to stay there. You have to keep going, keep being productive, keep moving forward. Since you have to stay, you might as well try to improve your day.”

To be honest, I picked this story because today is one of those days for me. I’m counting the minutes until it’s over. But this article gave me 11 ideas to turn that frown upside down, including listening to music, finding funny videos, focusing on other people, feeling gratitude, walking it off and my favorite: writing your stress away.

Did any of these ideas work for me? Well, in a way they did, because now I’m finished with this week’s column, my day’s over and I can go relax.

Don’t forget to share your thoughts and reactions in comments below or on our Facebook page!

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

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