Reinventing Retirement from 2Young2Retire

Edition of 6/12/2007

Newsletter
Index

Reinventing Retirement

Essay Contest:How Could Older People Change the World for the Better? Social Networks for the 50+ Review of Marc Freedman's Encore.

WYSIWYG Newsletter Template

Table of Contents

    1. Essay Contest: Win a copy of WSJ Complete Retirement Guidebook
    2.
    Social networks for the 50+
    3. Encore: Finding Work That Matters in the Second Half of Life reviewed

  • We gave The Wall Street Journal Complete Retirement Guidebook a thumbs up in our last edition of Reinventing Retirement (and not just because co-authors, Glenn Ruffenach and Kelly Greene, are good guys). Well, here's your chance to get your hands on a copy of the book, and a shot at being published on www.2young2retire.com Write an essay between 250 and 500 words on this subject:

    How could older people change the world for the better?

    Hint: Choose a social issue that could bring out the best (experience, maturity, talents) in 'second halfers.' Describe the problem and offer a solution (or write about what you would do). Give it a headline. Run it through spell check. Then email your essay to Marika@2young2retire.com by June 30. We'll notify the winners, ask for permission to publish, and collect information for mailing, at that time.

  • Attracted by the zippy slogan, 'loving life on the flip side of 50,' we signed up for Eons.com, the social networking site founded last year by Jeff Taylor, founder of Monster.com. The money people seem to think there is a need for an age-segmented social networking site, if the most recent $22M round of financing is an indication (http://www.eons.com/about/release/pr_20070305).

    But after joining five different groups – careers, home business, books, yoga and long distance grand parenting – and sampling the interaction, we find ourselves in the same boat as Howard Rheingold, author of Smart Mobs and expert on the social implications of communications technology: "Is being over 50 years old a strong enough affinity? I'm not so sure.” http://www.usatoday.com/tech/webguide/internetlife/2006-09-22-eons-boomers_x.htm Actually, wait, it's been changed to 49 and older. Isn't that the upper edge of the 18-49 age group beloved of advertisers? Hmmm.

    We have friends who claim that social networking is one of their best business-building tool. For us, the jury is still out re: the question of utility. But one thing we learned after joining Eons and My Space is that social networking has its own culture and ways of communicating. Before you jump in, you might want to absorb Social Networking 101: http://www.eons.com/money/feature/careercenter/social-networking-101/14744

    Thoughts on the subject? Write to marika@2young2retire.com

BOOK SITE

In the midst of sound and fury about the boomers, there is a steady, reassuring voice of hope and reason. In his new book, Encore: Work That Matters in the Second Half of Life, Marc Freedman wastes no time in painting two starkly contrasting visions of the future. In one, boomers – 'greedy geezers' – on an endless, subsidized vacation, have sabotaged the economy, tipping the nation into decline. In the other, 'boomer labor power' fueled by Encore Careers, -- what he calls 'purpose-driven jobs' -- makes life more meaningful, fulfilling and financially sustainable, not only for boomers themselves, but for generations to come.

Freedman, 49, founder and ceo of Civic Ventures, a think tank and an incubator, generating ideas and inventing programs to help society achieve the greatest return on experience, has shifted away from an emphasis on voluntarism that characterized his earlier book, Prime Time: How the Baby Boomers Will Revolutionize Retirement and Transform America. He believes that given the right policy decisions and bold new initiatives to address the 'experience dividend,' million of boomers will make a virtue of the necessity to generate an income later in life, and enter into a new phase of work that may be shorter in duration, but 'weigh more' in impact.

What is needed, he writes, is a new social contract with older people that directs them not toward the outdated 'freedom from work' of an earlier generation and time, but 'freedom to work.' To illustrate, five 'Encore Pioneers' tell their stories and show what is possible when you don't accept the status quo. Former car salesman, Robert Chambers, now provides low-interest loans and fuel-efficient cars to the rural poor in New Hampshire. After thirty years as a truant officer, Jacqueline Khan, began to train for her new career as a critical care nurse in her early fifties (see her featured in Time Magazine http://www.time.com/time/magazine/article/0,9171,1619545,00.html). “In choosing work that is aimed at making a better world, these leading-edge baby boomers are challenging the definition of success for all Americans,,” writes Marc Freedman. In the future he envisions, these examples of Encore careers will be commonplace and the dire forecasts of those who saw inevitable social collapse caused by an aging society, will seem as absurd as Y2K.

Read this book and light your own fire. The Appendix, Your Encore, is packed with resources to help you find your way and keep the flame burning. “The future is calling.” Freedman concludes, “What are we waiting for?”

POTPOURRI

  • Could your small business use $25,000? Out of the Box is a contest for the best business ideas, sponsored by UPS. Send them your idea before September 1, 2007 and get in the running: http://www.outofthebox.ups.com/home.html

  • Do you know what your volunteer time is worth? According to Independent Sector, at $18.77 an hour, volunteers performed the equivalent of more than $152 billion in service in 2006.  Volunteering is actually good for your health.  Find out more:  http://www.nationalservice.gov/pdf/07_0506_hbr_brief.pdf

  • Of course, providing care to a family member probably isn't counted in the Independent Sector totals.  Many of us will find ourselves in that situation as our aging parents set records for longevity, but in failing health. Read more: International Longevity Center: http://www.ilcusa.org/prj/caregiving.htm

  • Traveling to visit the grands this summer? Timing is everything. Here's a site that helps you plan a trip when fares are at their lowest: http://www.farecast.com/

Stay well, make it new, make it better.

Marika and Howard Stone
To subscribe to this list, please visit our website at
http://www.2young2retire.com/ or send an e-mail message to:
ReinventingRetirement-On@lists.webvalence.com
To unsubscribe, send an e-mail to:
ReinventingRetirement-Off@lists.webvalence.com
You may type an "x" in the subject or the body if your e-mail program requires it.