Reinventing Retirement from 2Young2Retire

Edition of 7/17/2007

Newsletter
Index

Reinventing Retirement

'Granny' Flats Revisited. Where to find the 2young2retire Course.
Purpose Prize Fellows.Money Magazine Wants You (to Live Your Dream)

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Table of Contents

    1. 'Granny' Flats Revisited
    2. Where to find the 2young2retire Course
    3. Purpose Prize Fellows
    3. Money Magazine Wants You (to Live Your Dream)

When I was 16, my maternal grandmother came to live with us. In the Anglo-Burmese culture in which I grew up, this was a given. Providing a home for one's elders was more than mere duty; it was considered a singular honor. Perhaps for this reason, we adjusted quickly and with few difficulties to the new family configuration and dynamics. Over time, what had begun as economic necessity, became a blessing.

I am reminded of this period in my life now, in light of a growing popularity of 'granny' flats, aka, accessory dwelling units. These can be anything from an apartment in the basement of a main house or over the garage, to a separate guest house or cottage on the grounds used by an elder family member. Some 11 million Americans already have an elder living in their home, according to a new Money/CNN report. We foresee a mini-boom for architects, remodelers and contractors interested in this opportunity, as the population ages. We take a personal interest in the concept, too, as our own needs for housing change.

For many families, intergenerational housing makes economic sense. The average annual base rate at an assisted living facility is $30,000, while the daily rate for a private room in a nursing home is $203 a day ($74,095 a year), according to a MetLife study. Costs have been rising every year, and are not likely to retreat in the future. That's a lot to spend to preserve the sanctity of the nuclear family.

The savings aside, there are other issues that argue in favor of intergenerational housing, whether for you, as you age and your housing needs change, or for your elderly parents. Let's face it: at some point, even the most independent of us will need some assistance. A granny flat solves the problem of long distance care-giving, and the stress that goes with it, not to mention the environmental impact of travel itself. “Accessory units are an easy way to get more people into the same area and therefore support low vehicles miles traveled and all the good environmental outcomes from density,” says developer, Bob Chapman. Neighborhoods are safer and livelier with more eyes on the street, as well.

The truth is, although transportation gets the headlines, housing – particularly the kinds to which we have become habituated -- extracts a huge environmental toll. Think about it: we've become accustomed to lighting, heating and cooling spaces that stand empty for hours every day. “Making more efficient use of the existing housing stock, by sharing homes or creating accessory apartments, is one of the steps that can be taken to reduce the impact of our housing choices on the environment,” says a Canadian Government report. Remember the slogan: Save water, shower with a friend? Could the granny flat be the next revolution in the way we house ourselves?

Some resources:

http://en.wikipedia.org/wiki/Secondary_suite

http://money.cnn.com/2007/06/14/pf/make_room_for_moms.moneymag/index.htm?postversion=2007061511

http://www.newurbannews.com/accessory.html

http://blogs.rockymountainnews.com/denver/speakout/2007/06/a_place_for_granny_the_case_fo.html

http://www.nytimes.com/2007/02/16/realestate/greathomes/16tiny.html?ei=5124&en=15d48cc6ae034090&ex=1329368400

POTPOURRI

  • WHERE TO FIND A 2YOUNG2RETIRE COURSE

Certified Facilitators have been breaking new ground in getting the 2young2retire course into various community venues. Here are a few places you will find courses:

Chautauqua, NY. Susan Larson will facilitate a workshop entitled: Too Young to Retire: Recharge and Rebalance for Your Bonus Years at the Chautauqua Institution Special Studies program, July 23-26 at Chautauqua, NY. Four sessions, $71. Drop in $22 at door. Register for course #1709: https://www.netsync.net/secureweb/ciweb/Tickets2/?select=special
General Information: http://www.ciweb.org/about.html

Seattle, WA. Halimah Bellows' Retire With Fire at the Osher Lifelong Learning Institute (OLLI) at the University of Washington, Seattle. Schedule: Tuesdays, July 24, 31, Aug. 7, and Friday July 27; 1:30-3:30 p.m. (4 sessions), Reg. # 90733. Max: 25. Note: the first session was sold out. Info and registration: http://www.outreach.washington.edu/olli/courses/coursedetails/90733.asp
or call 206-543-2310. You register once for $90 and take all the courses you can get into.

Tucson, AZ. Carolyn Monjoi has signed a one year contract with the City of Tucson to facilitate the 2young2retire Course with city employee pre-retirees. We include this as an idea-generator. If you are a state or city employee 50+, you might ask about getting the course into your place of work. Find a facilitator: Arizona - Missouri Nebraska - Wisconsin

Madison, WI. Jan Fulwiler and Karen Ostrov are facilitating 2young2retire brown bag lunch workshops for State of Wisconsin pre-retirement employees. Ask at your workplace, and get yourself a 2young2retire facilitator. Arizona - Missouri Nebraska - Wisconsin

  • DEEPLY HONORED. We (Howard and Marika Stone) were named Purpose Prize Fellows for 2007 for our work on 2young2retire. We are in a group of 60 'social innovators' who will attend a summit at Stanford University, Palo Alto, CA, in November. The Purpose Prize is a program of Civic Ventures. More information:
    http://www.purposeprize.org/finalists/fellows2007.cfm?awardyear=2007

  • LIVE YOUR DREAMS . If you’re a baby boomer (born between 1946 and 1964), Money Magazine is interested in helping you achieve your dreams. What's the one thing you really want to make sure you do in your lifetime? Is your Must-Do Goal to climb Mount Everest? Join the Peace Corps? Launch your own charitable foundation? Open a restaurant? Become a teacher? Money magazine
    wants to hear about your Big Dream. If you’re chosen for the magazine's feature article, you'll be paired with financial planners and other experts who can help you make your dream a reality. E-mail your Name, Age and Contact Information and a brief description of your dream to drosato@moneymail.com.

  • TRAVEL & TEACH. Our friends, Susan and David Cooper, spent a week in May in Spain, teaching conversational English to a group of motivated business types in exchange for accommodation and food (they had to get themselves there on their own), and came back with glowing reports and new friends. If this sounds appealing, check out Pueblo Ingles, http://www.vaughanvillage.com/

  • INTERNATIONAL SERVICE. Got work and life experience you'd like to use in another country? NGO Abroad is a unique service that matches your skills with international humanitarian needs. Check it out: http:www.ngoabroad.com
  • Your Great Idea to make the work a better place makes you eligible for cash prizes: $10,000 and $25,000 respectively in the Case Foundation Make It Your Own Awards,”part of a "citizen-centered" approach that involves the public in every aspect, from developing the grant guidelines to voting on the final grant recipients. Brief applications will be accepted online June 26-August 8. To learn more and to apply, click here: http://www.casefoundation.org/make-it-your-own/awards

    A group of people from diverse backgrounds and communities will review all the applications and select the top 100 semifinalists. These 100 semifinalists will then be invited to pitch their ideas as a full proposal starting in early September. A smaller group of reviewers will then choose the Top 20 finalists in early November with each finalist receiving a grant of $10,000. In November, the online community will select four $25,000 grant recipients from the top 20 finalists.

Stay well, make it new, make it better.

Marika and Howard Stone
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