Am I Crazy to Retire Now?

Recently, a friend voiced the concern of many. “Am I crazy to think about retiring now?”

With the current economic upheaval, it’s been well documented many baby boomers are going to change their retirement plans.

I’m going to suggest the recession provides an opportunity to reinvent the retirement of the future.

Ken Dychtwald, author of Age Power aptly stated, "Today's retirees are social guinea pigs. We are shifting away from the model of learning for 20 years, working like a mad dog for 40, and goofing around for 20. What is evolving is some new blend between learning, working and leisure."

Retirement in the future will consist of more people working. But, it doesn’t have to be drudgery. Retirement in the 21st Century provides an opportunity to push back boundaries, explore new options and yes, find new ways of earning income.

In a recent interview, when asked why he doesn’t hang it all up because he had earned the right, Norman Lear replied, “Yes, I’ve earned the right to do what I want to do. What I want to do is wake up every morning to do something that I think matters.”

What have you earned the right to do?

Baby Boomer Retirement: Interesting Statistics

The recent economic downturn has changed the retirement landscape for many of the boomer generation. Recent results from the California Budget Project indicate, once again, that we need to redefine 'retire.'

While the report focused on Californians, it reflects trends across the country.

The report findings:

From 1995 to 2008, the employment rate increased almost 10 percent for those aged 55 to 64. Almost 63 percent of people remain in the workforce at 64.

For women from age 55 to 69, the employment rate rose 12 percentage points to 49 percent. Over 60 percent of men, age 55 to 69 remained employed.

The idea of not working after 65 is shifting. A number of factors were sited as the cause. The rising cost of living and healthcare affect people’s decision to work. Likewise, many workers don’t have adequate savings or pensions to see them to the end of life.

There are other reasons people continue to work. Improved health, along with the longer life span has allowed willing workers to stay on the job longer. More people have jobs that are not physically demanding. People want to stay connected, active and engaged.

Of those who want to continue working, many want to change aspects of their jobs. As many as two-thirds want to do something different. They want work that is less stressful and allows them to spend more time with their family. Many want work where they feel they are making a contribution.

Retirement was formerly thought as a time of ending and closure. Baby boomers now see retirement age as an opportunity for a new beginning. They want the opportunity to start a new life journey.

Fruits and Vegetables

It’s been tough to write during the last three weeks. You see, I started a new job. I’m a home-based consultant for Right Management, helping people who have recently been laid off with their job search. The great thing is I get to continue to work from home. In order to manage telecommuters, there are a myriad of policies, procedures and documentation. So far, there are eight separate and unique websites I have to learn. Of course, each has its own log in and password.

For the most part, I like the work. After one day, we started working with clients and I now have ten. They are from all over the country, from different industries and professions. I find them to be enthusiastic, positive and accepting of my help. That’s saying a lot in this economic climate.

I’m going to let you in on a secret that I covered up well in my interview. I was crazy busy before I took the job, and now I’m barely hanging on by thread. Once I get through the thirty-two hours of training, it should be more manageable.

We have this interesting shift that has occurred in our family. I’ve always been busy, but my husband was also busy. I’m working seven days a week. He’s retired. Therefore, he’s having to take more household responsibility. Bless him, he’s doing that. He’s cooking, doing dishes, and laundry.

I sent him to the store to buy the week’s groceries, with my ATM card, no less. Deep breath. I told him he couldn’t spend more than $150 (this will last two weeks). He did good, and stayed below his budget. I was helping putting away the groceries and commented, “I see you didn’t spend much time in the fruits and vegetables.”

Quite innocently, he responded, “Yes, I did. I bought canned corn, beans, peas and tomatoes.” The men who read this might not see the humor, but most women will read this and chuckle.

Here’s the dilemma. I can do it all myself. I can criticize what he’s done, so he becomes angry and resentful at trying to help out. Or, I can keep my mouth shut. This is what happens when you enter retirement. Whether I’m working or not, I want him to participate in the chores around the house. At some level, I have to back off and not dictate how I want it done.

I'd love to hear other stories of how men help out around the house after retirement.

Goals: The Key to a Happy Retirement (and Life)

I was reading different blogs last week (I don’t remember which one), but the author of one wrote, “I don’t want to have goals right now.” I certainly know how she feels. Especially when most goals are centered around all the things we should be doing; losing weight, exercising, getting organized, etc. No wonder most people break their resolutions and goals soon after the new year.

As I wrote recently, I made a commitment to write my goals down this year. The goals I listed are mostly about the things I want to have in my life. One thing I want to do is enter my paintings in more shows this year. I submitted two paintings and one photo in the Thousand Oaks Art Association Open show this month and had the photograph and one painting accepted. I’m so delighted.

I’ll never know whether or not I would have submitted the art work to this show had I not written down my goals. All I can say is I had intended to enter more shows for the last two years and didn’t. I also hadn’t written my goals down.

There is three things I can say about goals. The first is to select goals that make your heart sing and are worth working for. Second, attach your goals to specific behavior. Don’t think, “My goal is to get more organized.” But instead, “I’m going to get more organized by spending one hour a week organizing. I’m going to organize my paper, bedroom closets, photographs and kitchen cupboards.

My art goal reads, " I will enter at least four shows this year. " Finally, identify the hour a week you’re going to organize. It helps if it’s consistent, but often that’s not possible. Finally, write the goals down.

We know baby boomers retirement is going to be different. The senior new to retirement can quickly fall into a dreary abyss with out a plan. Retirement goals become the foundation to how to retire happy. Share your goals for the upcoming year.