Podcasts Archive - Page 66 of 69 - Retirement Wisdom

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Welcome to the first episode of our new Noteworthy Series, where we highlight an article that we think warrants your attention.

This series is in response to listener feedback on our retirement podcast. It’s a shorter piece on an article – and a conversation with a relevant guest.

Today’s article is When Retirement Is a Bad Fit by Richard Eisenberg, Money & Work Editor at Next Avenue – October 17, 2018

They say that life doesn’t give you many second chances. (Come to think of it, they say a lot of things.)

But sometimes no matter what life gives you, you can make your own second chances.

And more and more, people are come to view the phase of life we call retirement as a springboard for their own second chance at a career they’ll love.

People work very hard to be able to retire, savoring visions of a less stressful life along the way. The truth is that for some people, once they get there, find it … boring.

Join us as we talk with Paul Fox, owner of Philly Socks about his retirement story and his fun Second Act as an entrepreneur.

You can learn more about Paul Fox here:

His store: phillysocks.com

 


 

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Are You Prepared for Working Longer?

Working longer today often means navigating career transitions successfully. How can you be well-prepared?

In this conversation on our retirement podcast, we are joined by Kerry Hannon, AARP’s Job Expert. Kerry is a national keynote speaker, best-selling author, and columnist on personal finance, career transitions, and retirement. Her latest books include Great Jobs for Everyone 50+ and What’s Next? Finding Your Passion and Your Dream Job in Your Forties, Fifties and Beyond. Kerry is a contributor and columnist for The New York Times and she writes a weekly column for NextAvenue.org.

Kerry shares her perspective and advice on:

  • Interesting work options that people may not consider
  • The key challenges workers over 50 face today with career transitions
  • How to best prepare if you want to work longer
  • What you should keep in mind if you’re planning a Second Act career
  • Why becoming an entrepreneur is an attractive option for some people – and a few important cautions to be aware of
  • How innovative employers are leveraging mature workers
  • Her new book

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Bio:

Kerry Hannon is a nationally recognized expert and strategist on career transitions, entrepreneurship, personal finance and retirement. She is a frequent TV and radio commentator and is a sought-after keynote speaker at conferences across the country.

Kerry has dedicated her work to making a difference in people’s lives, to give them confidence and the tools to succeed personally, professionally and financially. She offers her audiences and readers can-do expert advice on the best ways to empower themselves now and for the future.

She has spent more than two decades covering all aspects of careers, business and personal finance as a columnist, editor, and writer for the nation’s leading media companies, including The New York TimesForbes, Money, U.S. News & World Report, and USA Today.

Kerry’s work also regularly appeared in Kiplinger’s Personal Finance and The Wall Street Journal, among other national publications.

She has appeared as a career expert on The Dr Phil Show. She has also appeared as a career and financial expert on ABC News, CBS, CNBCNBC Nightly News, NPR, and PBS.

Kerry is the author of a dozen books, including Getting the Job You Want After 50, the award-winning Love Your Job: The New Rules for Career Happiness,(Wiley), which was the # 1 new release on Amazon, the GOLD Living Now Book Award for Personal Growth/Motivation winner, and What’s Next? Finding Your Passion and Your Dream Job in Your Forties, Fifties and Beyond 

 

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Wise Quotes:

On Fitness

Q. If someone wants to work longer and overcome those challenges, a big question I’m sure they’re thinking about is, how can I best prepare? Could you please talk about the three-part fitness plan that you wrote about in your book, What’s Next?

Kerry Hannon: “Thank you for asking about that.  I love talking about Kerry’s Fitness Plan. Number one, I’ll go out and I’ll speak to audiences of workers over 50, who really want to continue working. Often, I must be honest, I see the palpable fear in their eyes that they’re worried they’re going to outlive their money. They not only want to work, they need to work because they don’t have enough saved for retirement with our longer lives and longevity. I will say, it’s often women, come up to me and say, should I have Botox? Should I dye my hair? I say, no, no, no. You need to get physically fit.

The number one piece of my fitness plan is to get physically fit. I don’t mean running fast miles or bench pressing. What I’m talking about is a regular fitness program. A couple of times a week, 20 minutes.

I walk my dog, but there are lots of things you could swim. Build that into your routine. Have a fitness regime, eat with an eye to nutrition and health. What happens, it’s so amazing, when you’re physically fit, you have this energy. You have this can-do spirit, this positivity. People want to be around you. They want you to be on their team. Hiring managers see that. They don’t really necessarily recognize that’s what it is, but they want you on their team. They love that energy. It goes a long way to fighting back that stereotype, that you’re not up for the job. You don’t have the energy or the stamina. In fact, you can just prove that wrong right there. The second piece of my program is to get financially fit. Now, this one’s a little trickier, but what you need to do is, debt is a dream killer. At this stage in our life, if we want to find work that we really want to do. It’s something that’s going to energize us again, get us excited about work.”

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For More on Kerry Hannon:

Kerry’s books mentioned in this episode:

New: Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life

Great Jobs for Everyone 50 +

What’s Next? Finding Your Passion and Your Dream Job in Your Forties, Fifties and Beyond

Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life

Kerry’s website

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Related Podcasts You May Like

Will You Be an Entrepreneur in Your Second Act Career – Dorie Clark?

How to Make a Wise Career Switch – Dawn Graham

How Can You Be Better with Age? – Alan Castel

We’re All Ageing. Are You Up for a Bolder Approach? – Carl Honoré

Why People Make a Career Change with Purpose Top of Mind – Chris Farrell

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About Retirement Wisdom

 

 

You may know that every day 10,000 Baby Boomers enter retirement. But did you know that almost 1 out of 5 Baby Boomers are childless?

In this episode, we talk on with Sara Zeff Geber, Ph.D., author of Essential Retirement Planning for Solo Agers, which was named by The Wall Street Journal as one of the six Best Books of 2018 on Aging Well.

Sara shares her insights on the unique upsides and challenges faced by Solo Agers and her perspective on the importance of flexibility. She also discusses strategies to avoid isolation and how Baby Boomers in retirement, especially those who are Solo Agers, can cultivate social networks in retirement.

Wise Quote:

On Social Support

“Solo agers need to also nurture their social support system all the way through life. If you find that your work has superseded that, and you haven’t paid enough attention to your social support system, then it’s time to really look around you and maybe start to actually make a physical diagram of who are the people around you, what what do they provide for you in the way of support and potential assistance. Sometimes there is work to be done.

Finding new friends, finding people to just hang out with now that you’re done with working life. That can be done in so many different ways. It can be done by finding interest groups, either through causes you believe in or hobbies or a part-time job. So many of our social system comes from the people that we work with when we’re early in earlier in life. When we’re in our 30s and 40s and 50s, a lot of people look around and say, “Wow, all my friends are people I know from work.” Well, that’s all well and good when you’re still working, but as you begin to look at relinquishing that work and saying goodbye, opening the door for a younger person to come in behind you, think about who’s going to replace that social network. It may take quite a bit of work for a solo ager that is kind of isolated or is maybe more of an introvert.”

Are you a Solo Ager? Nearly 1 in 5 Baby Boomers are. Listen to author and expert Sara Zeff Geber’s strategies and advice. Share on X

For more on Sara Zeff Geber:

Sara’s Latest Book

 

Sara’s Websites:

https://www.sarazeffgeber.com/

https://www.lifeencore.com/about/sara-zeff-geber

 


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Retire at 50? If you’re fortunate, you’ll reach a point where work is no longer driven by financial necessity. Then what?

In this episode of our retirement podcast, we’re joined by Stan Corey, author of When Work Becomes Optional. Stan offers his perspective on building emotional wealth, why retirement is not a single phase and what non-financial traps to avoid. A recent retiree, Stan shares his personal experiences transitioning to retirement.

What will you choose to do when work becomes optional? Author Stan Corey shares his ideas and advice. Share on X

Wise Quote:

“I think that the transition is probably more impacted by what your work has been, your profession. As I said, I think the transitioning seems to be more difficult for the higher income earners. I have other people who just can’t let go of that. And know a gentleman who’s in his late seventies and the president of the company. Basically I asked him about retirement. He says ‘that’s not a word that I think of. ‘He says ‘I’ll stop working when the board of directors thinks I’m no longer of value.’ And I felt bad for him. That’s putting your value based upon your position and it’s hard.

So a lot of times I think that people who are more modest in their working careers, I think they have a little easier time with that transition. But after that, it’s pretty much very similar, because it’s all based on activities, your health, a lot of other factors that will impact the other four stages (of retirement).”

 

For More on Stan Corey:

The Book:When Work Becomes Optional

Stan’s Website

 

Bio

Stan Corey retired from his financial planning firm in 2018 after almost 40 years of providing independent financial advice to individuals and closely held businesses. He has been a CERTIFIED FINANCIAL PLANNER™ professional (CFP®), Chartered Financial Consultant (ChFC®), and Certified Private Wealth Advisor® (CPWA). Mr. Corey has completed the Harvard Negotiation Institute Negotiation Workshop at Harvard Law. He has served as past President of NVMS in Fairfax, VA and co-wrote and taught a course for Mediator certification, “Economic Issues in Divorce” and has served on many local community service organization’s BODs.

He plans to continue consulting in family law matters working as the financial advocate for the less well informed; continue working with several multi-generational clients as a family financial adviser and assisting in estate settlements, continue writing and speaking to professional organizations on a variety of financial topics.

He published a book in January 2016, “The Divorce Dance”, a novel about a couple going through divorce where the women teaches the reader about the financial, emotional and legal issues involved as she researches her options. It became a Best Seller on Amazon. His second book, “When Work Becomes Optional”, was released in July 2018 and is receiving wide acclaim for his ability to present many topics facing all retirees as they move through their retirement stages and breaking down complex issues to be more understandable.


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If you have suggestions on topics you’d like to see us cover, please reach out to Joe Casey at joec@retirementwisdom.com

 

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Are people retiring earlier or later? What’s the retirement age in the US and how is it trending?

In this episode of our retirement podcast, we talk with Catherine Collinson, CEO and President of non-profit Transamerica Institute and Transamerica Center for Retirement Studies. Catherine is a retirement and market trends expert and champion for Americans who are at risk of not achieving a financially secure retirement. Catherine shares insights from their research on the key trends driving change for both older workers and employers.

Wise Quote:

“…We see so much resilience among workers in terms of their expectations and looking beyond traditional retirement. Led by the Baby Boomers and followed by Gen X and Millennials, workers are transforming retirement into something that’s really new and different and exciting compared to previous generations. Most notably, is retirement is no longer a proposition in which work and time for enjoying life are a mutually exclusive proposition.

Some workers even cite paid work as one of their retirement dreams, which is phenomenal. We would have never even asked that question a few years ago. We know that a lot of people want to work, but we never expected that three in 10 would actually cite some form of paid work as one of their dreams for their retirement.”

 

Retirement today continues to evolve. What key trends should you be up to speed on? Share on X

 

For more:

Transamerica Center for Retirement Studies

18th Annual Transamerica Retirement Survey

Follow on Twitter: @TCRStudies

Bio

Catherine Collinson is CEO and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies. Catherine is a retirement and market trends expert and champion for Americans who are at risk of not achieving a financially secure retirement. She oversees all research and outreach initiatives, including the Annual Transamerica Retirement Survey. Catherine also serves as executive director of the Aegon Center for Longevity and Retirement based in the Netherlands.

With two decades of retirement industry-related experience, Catherine has become a nationally recognized voice on retirement trends. She has testified before Congress on matters related to employer-sponsored retirement plans among small business, which have featured the need to raise awareness of the Saver’s Credit among those who would benefit most from the important tax credit.

Catherine is regularly cited by top media outlets on retirement-related topics, speaks at industry conferences, and authors articles in leading industry journals. She co-hosts ClearPath: Your Roadmap to Health and Wealth on WYPR, Baltimore’s NPR news station. In 2018, Catherine was recognized as an Influencer in Aging by PBS Next Avenue for her work in continuing to push beyond traditional boundaries and change our society’s understanding of what it means to grow older. In 2016, she was honored with a Hero Award from the Women’s Institute for a Secure Retirement (WISER) for her tireless efforts in helping improve retirement security among women. In 2015, Catherine joined the Advisory Board of the Milken Institute’s Center for the Future of Aging.

Catherine is employed by Transamerica Corporation. Since joining the organization in 1995, she has held a number of positions and has identified and implemented short-and long-term strategic initiatives, including the founding of the nonprofit Transamerica Institute and its Transamerica Center for Retirement Studies. Prior to her employment at Transamerica, Catherine spent nearly a decade at The Walt Disney Company, serving in a number of information services and business planning posts. She volunteers for a number of community organizations and currently serves as a Trustee for the California Science Center Foundation. She is also an active member of the Scripps College Alumnae Association and serves on its Alumnae Leadership Council. Catherine earned her bachelor’s degree in British and American literature at Scripps College, Claremont, California, and her Master’s of Business Administration at the University of California, Irvine.

 

Noteworthy Article

Stick around for the brief Noteworthy segment where we discuss an article we think is worth your time.

This time we discuss:

This 75-Year Harvard Study Found the 1 Secret to Leading a Fulfilling Life: Here’s some wisdom gleaned from one of the longest longitudinal studies ever conducted.

by Melanie Curtin  – Inc.

 


 

Like our Podcast?

The best way to support our retirement podcast is to take a moment and like it on Apple Podcasts. Thank you. 

If you have suggestions on topics you’d like to see us cover, please reach out to Joe Casey at joec@retirementwisdom.com

 

Balance Your Retirement Planning with Wisdom

Sign up for our free monthly newsletter Wisdom Notes