the new retirement: purpose and a paycheck - active board

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This column is adapted from the first chapter of Chris Farrell's goal and salary: Finding Meaning, money and happiness in the second half of the year.
The book will be published by Harper Collins in February 5, 2019. )
The relationship between old age and decline and useless is deeply rooted.
Continue to work during traditional retirement-
Or something more demanding than the afternoon lectures, movies, and early dinners --
Be considered cute at the best time and depressed at the worst.
Economist John Kenneth Galbraith called these common reactions in his article notes on Aging (
Surprise with condescending admiration or misplaced concerns)
"There is a Still syndrome.
"Still syndrome is the design of young people or fewer
The old Daily bashing the old one.
Are you okay?
Are you still working?
"I see you're still working out.
Are you still drinking?
. . . . . . The most striking general expression comes from a friend who has not seen it for many years: "I can't believe you are still alive!
Also on Forbes, Galbraith wrote the article when he was 90.
The goal and salary of the second HalfOlder American in life is not as implied by outdated stereotypes and boring jokes, avoiding life.
More and more Americans, aged 50 and older, rethink and re-imagine that the second half of life's experiment will have a profound impact on the daily life of the United States.
My new book, goals and salaries, focuses on starting a business and working.
In the second half of the year, more and more adults will start their own business or continue to work at a traditional retirement age.
A large number of impressive academic studies have shown that, if given the opportunity, people in the second half of their lives are as creative, innovative and entrepreneur-minded as their younger peers, if not more.
Experienced adults are trying different ways to maintain an attachment to the economy, including the self
Employment, starting a business, starting a businessPart time, part time
Time to work, flexible employment and job safety.
This is a sign of a job hug: according to the United StatesS.
The Bureau of Labor Statistics, between 1995 and 2016, the proportion of men aged 65 to 69 in the labor force rose from 28% to 38%;
For women, it rose from 18% to 30%.
The significance of figures like this is that the commitment of aging population to promoting economic growth and household income has not been fully valued.
A good idea: the rise of experienced workers and entrepreneurs the current era of widespread pessimism calls for bold action to boost the income of typical workers and restore optimism for the future.
David Leonard, a columnist for The New York Times, said the test of our time requires "big ideas" and "dreaming again ".
A big, grassroots idea has made it feel like it exists: the rise of experienced workers and entrepreneurs.
"Maybe the biggest opportunity in the 20 th century.
The first century is to conceive and create a society that fosters longevity not only for the older generation, but also for the benefit of all age groups --
I call it the third demographic dividend, "wrote Linda Fried, dean of the School of Public Health at Columbia University postman.
"To achieve this goal, a collective grand imagination action is needed to create a vision for the potential of longevity.
"As productive workers and dedicated entrepreneurs, older people are already using their imagination.
Many products and services for older Americans will be built and designed by experienced workers who have an understanding of 50-plus market.
The innovative benefits of widely publicized hiring a diverse workforce include tapping the insights of experienced workers.
Of course, too many employers still believe that old employees are expensive, slow, and resistant to new technologies.
But mainly because of the tight labor market, the attitude of employers is changing.
Management found that they could not ignore experience.
Don't get me wrong.
For many experienced workers, life after leaving is hard
Especially for some people, time work.
In old age, women are more likely to live in poverty than men.
Someone who works in an industry or work without an employer-
The subsidized retirement savings plan and health insurance are vulnerable.
Nevertheless, the vision of the elderly is shifting towards a broader model of community engagement, including at work.
Frontier of purpose-and-a-
Salary is to start a business, including yourself. employment.
Men and women with a startup spirit are pioneers in reimagining retirement years.
Startup spirit: it's not just a young pop culture, it's also seen as an elite startup for young talent like Silicon Valley superstars. Think again.
Americans for the rest of their lives are embracing startups. The 55-to-64-year-
According to the Ewing Marion Kaufman Foundation, the older generation accounted for about 26% of new entrepreneurs in 2016, up from about 15% in 1996. And the U. S.
The Bureau of Labor Statistics reported that
The employment rate of workers aged 65 and over is the highest in any age group.
Starting a business is a source of income that provides opportunities for creativity and engagement.
Having your business is a smart move to avoid rigid human resources departments and their age discrimination algorithms.
Why wait for management to abandon absurd stereotypes?
Life of Cecilia Weisinger
Change your journey and experience Cecilia Weisinger, 53.
Her journey is to explore and create.
Weisinger was born in Japan and raised in New York as a Taiwanese parent. She had a two-
Ten-year career in the tourism industry, including timeshare business and hotel management.
Along the way, she got married, divorced and settled in Tulsa, where her son attended university.
When she broke up with herself, Weisinger was almost 50 years old.
Describes the "soul sucking" hotel work in downtown Tulsa.
She jumped on the bus and drove more than 10,000 miles to four states she had not yet been.
"I don't know what I want to do with my life.
"You think a lot about important things," she said . ".
"What is your purpose?
It takes time to answer this question.
Weisinger's journey began with an idea she had for nearly a decade: Spring Noodles, a healthy Asian noodle.
She thinks she might join the restaurant if it succeeds.
She developed the idea, won a local startup competition and joined a Foundation-the founding class of kitchen 66
Support programs to help food entrepreneurs launch their ideas in Tulsa.
Weisinger works with Nancy Bruce, a local entrepreneur and restaurant owner
A delicatessen in the style of ramskoz.
Bruce provided some space for Weisinger's noodle products and gave her guidance.
Weisinger hosted the Tulsa One Million Cup startup project sponsored by the Kaufman Foundation.
The One Million session of the Cup each week provides opportunities for local entrepreneurs to introduce their start-ups to mentors, consultants and other entrepreneurs.
In the end, Bruce gave Wei Singh some timely advice: to abandon the restaurant dream.
"She said, 'You don't look like me, '" recalls Mr. Weisinger '.
"She added, 'I am a chef.
But it's not your strength.
I like it when you talk to customers.
Weisinger agreed with Bruce's assessment to realize that what she likes to do most is to build networks, connect organizations, and increase diversity, inclusion and community belonging.
"I'm the convener," she said . "
Since then, she has established
Several initiatives have been launched.
Citizen Ninja focuses on developing the contract of entrepreneur spirit and citizen participation.
Uni Gus invests in consulting and provides workshops to strengthen linkages and promote an inclusive culture in the organization.
Weisinger is an active board member of the local theater group and other non-profit organizations.
She also participated in many activities with all the soul unity churches.
When she needs money to pay the bill, she works in lanbrusco.
In finding out how to make a living from her portfolio of activities, we are sure of one thing.
She will only return to the American company "screaming.
"Starting a business after 50, many businesses built by experienced adults will be small.
Due to the rise of digital technology, people usually need only a small amount of money to open.
The office may be the home of a person or the home of a person.
Rent a shared workspace. Some 50-
In addition, entrepreneurs turn passion or skills into a micro-enterprise called solopreneur.
The embrace of starting a business is often family affairs.
Adult children use the latest technology to make a noise for businesses and facilities.
Parents usually invest some investment funds to bring rich work experience to the enterprise.
Starting a business is a pioneer in rethinking work and the times.
But tensions in the labor market have also prompted more large employers to retain experienced employees, or to hire them in part --
Time to retireSmall-
The business owner is another (
Often underestimated)
Sources of employment for workers of non-retirement age.
These bosses are usually willing to reach an agreement to find or retain outstanding employees, especially through part-time jobs.
Time and flexible schedule.
Experienced workers I have seen are doing creative activities, usually part-time
Time or season that gives them meaning and money: housework.
Wax skis for racing drivers in Park, Utah.
Repair tractors for neighbors in rural South Carolina.
Create an index for a book.
John Kerr: The experience from the fundraising event to John Kerr in the park was outstanding.
He spent 40 years at WGBH radio station in Boston, and retired at age 65.
"The impact of this change has made my bones a little creaking," Kerr said . ".
"I have too much energy and experience to sit down.
His exploration of new challenges brought him to the top. mountain west.
When visiting Bozeman in Monte
He suddenly walked into the office of the Yellowstone National Foundation, which is now called "the eternal Yellowstone ".
The foundation raised funds to support Yellowstone National Park.
Cole met with the chairman of the organization and learned about the internship there.
Next season, he is "the oldest intern in the world," talking to visitors about the wolf restoration of Yellowstone's beautiful Lamar Valley.
This led to seasonal work as a park administrator at Yellowstone National Park between September.
"Volunteering is good, but a paid job makes what you do more legal," he said . ".
His suggestion is: "Be open to any opportunity.
"Now 80 years old, Kerr likes his seasonal work as Yellowstone rangers.
He returned to New England in winter with his family.
"It's still a great adventure," Kerr said . ".
How to do it later-
In the second half of life, life is rarely easy to change.
People need support from services and institutions to reduce the risk of transferring to an encore career or getting additional education for the next retirement job.
System innovation will accelerate to latein-life work.
For example, more resources are needed for worker training, retraining and lifelong learning.
Health and pension systems should be redesigned to support the mobile workforce and to encourage experienced workers to stay in the job market.
Employers can include benefits
Vocational training and staging
Retirement plan.
Insufficient emphasis on labor market reform will increase the participation rate of all workers, including those with experience.
The same is true for post-secondary education and training programs that will allow workers to increase their skills at age 50, 60, 70 and beyond.
Entrepreneurs and self
50-year-old employee
In addition, better support is needed from local incubators, accelerators and other initiatives to promote start-ups and innovation.
The desire to find goals and salaries at work is strong.
"Work is the experience of life," said Nobel Prize winner Edmund Phelps . ".
"Participation in the economy is essential to be part of a social hub project --
Do things together.
"The late Studs Terkel showed this search brilliantly in his 1972 masterpiece, work.
Terkel recorded the hardships and disappointment that ordinary workers suffered in their daily work.
Most of his interviews were with professional people such as receptionists, miners and hotel switch operators.
He recorded their dignity and pride in the work done well, as well as the sense of community and connection that arose in their work.
"This is also a search for everyday meaning and daily bread, a search for recognition and cash, a search for surprise rather than numbness," Terkel wrote . ".
"It is the hero and heroine's wish of the book to remember, whether it is verbal or not.
As Nora Watson told Tekel in an interview, "I think most of us are looking for a job, not a job.
Nearly half a century later, the elderly were also looking for a job, not a job ".
"Building connections to engage people in the economy in the second half of the year, rather than labeling them ineffective and weak, is the secret to inspiring creativity in the 21 st century, encouraging innovation and promoting economic growth.