In Encore, author Marc Freedman describes the unsustainable nature of the retirement culture today. Evaluating the size of the Baby Boomer generation, Freedman concludes that the current crop of retirees needs to carve out a new niche in the workforce to ensure both economic prosperity and the appropriate delegation of existing talent. Encore encourages the reader to consider what passions they could invest in a second career. To this end, Freedman quotes developmental psychologist Erick Erickson: “I am what survives of me.” Encore targets readers who want encouragement to make use of their talents for an impactful third act.
Zelinski encourages readers to embrace the notion that a happy, fulfilling life doesn’t require a job. In fact, your job might just be getting in the way. To illustrate his points, he includes a healthy selection of correspondence from readers who have followed his advice, ditched their 9-to-5 jobs, and found creative ways to live out their dreams.
Stan Hinden, a retired financial writer and popular retirement columnist for the Washington Post, offers the inside scoop on retirement in his book, How to Retire Happy: The 12 Most Important Decisions You Must Make Before You Retire. He bases his advice largely on his own ups and downs after leaving the workforce. He breaks his advice down into 12 major decisions most retirees will face. At the end of each section, he includes a list of all the useful websites mentioned, as well as other suggested readings.
Portfolio Life: The New Path to Work, Purpose, and Passion After 50
by David Corbett (Jossey-Bass, 2006. Available in hardcover and Kindle editions from Amazon.com.)
Portfolio Life offers a refreshing, positive view and an action-oriented framework for creating a meaningful life in what we typically think of (or perhaps used to think of) as the “retirement years.” David Corbett is founder of New Directions Inc. in Boston, which offers “planning in career and post-career fulfillment to accomplished individuals.”
The median age for an S&P 500 CEO is 55. Nearly two thirds (59.3%) of our nation’s nonprofit leaders are age 60 or older. In just three short years, a staggering three in five senior executive federal employees will be eligible for retirement (Rein, 2013). They’re part of the massive baby boom cohort that will be moving into their next act over the next two decades. What retirement barriers will these folks face? What are the barriers to moving on?
When grappling with your retirement planning, some of us tackle the issue the way we would any robust challenge – with lots of caffeine. A post on Inc. magazine’s blog proposed that any time you’re in the process of making a major life decision, you should go on 50 coffees – informational meetings with friends, acquaintances, and former colleagues – to provide yourself with the opportunity to review your plans with a diverse audience (www.inc.com/peter-thomson/50-cups-of-coffee.html).
My initial reaction was, “Wow, 50 coffees? Who has that kind of time? 10 might be more realistic.” But at the essence of the article is a brilliant idea for anyone planning their exit from the top — folks grappling with the post-career “what’s next?” question. It’s a natural way to hash out retirement hopes and ideas, and make some interesting new connections, which might be especially important while exploring the possibility of a post-career bridge job or launching an encore career.
Dan Kadlec has an interesting post on Redefining the “Ideal” Retirement. What is the ideal retirement? It’s different for everyone, of course. But with insufficient nest eggs and failing pensions it almost certainly will include some kind of employment. Here’s how the Great Recession helped redefine retirement yet again. Here’s the link: http://business.time.com/2013/08/29/redefining-the-ideal-retirement/
As we approach our mid-60s, messages about retirement start to pour in. As a society, our thinking about retirement has fossilized around the notion of age 65. Although that age point is creeping upward, society still tells us that the mid-60s is the age when we should be thinking about retirement, and social notions about retirement still revolve around the traditional “golden years” full-stop exit from the workforce.
But many of us in our mid-60s aren’t ready for the career exit ramp. For reasons of pleasure or necessity, some of us want to continue to work. And for those of us who are phasing out of our careers, many want to continue to remain engaged and do “work” that’s meaningful, whether that’s for a paycheck or not.