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Four Ways to Explore Your Future NOW
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Topic: Retirement

Books for Embracing the Encore Years

As you enter your "encore" years, you might be considering a career change -- maybe leaving your present job and doing something completely different, even starting a business. You feel ready for change, but are unsure of what to do. Here are some helpful books to guide you. Some are practical, offering step-by-step basics, while others serve as motivation to just get out there and do it. Click here to see what interests you. And, speaking of next steps, check out this book review by Carolyn Walter, Professor Emeritus, Widener Univ.ersity, of Susan Abel Lieberman's "Getting Old is A Full Time Job: Moving on From a Life of Working Hard." There is a unique 12-task approach for dealing with "what's next."


Seeing the World through a Barter System

There is a way to travel, stay in interesting places, and not spend your money on housing. This Wall Street Journal article is written by a couple who spend five months a year in foreign countries by exchanging their two-bedroom condo in San Diego with people living in places throughout the world. Their extensive traveling began at age 65 when, on the recommendation of friends, they went online and found homeexchange.com and homelink.org. They particularly enjoy living among the locals...and have good tips to offer others who are interested.


For Retirement, 68 is the New 65!

Yes... another take on what boomers can do to stay financially solvent! As this author asserts,  boomers who are closing in on retirement without enough money saved need to keep working. Delaying retirement leaves a worker with fewer years of retirement to finance, more time to save and earn returns, and higher Social Security benefits if they delay taking them. Read more about practical ways to build your nest egg and check out a recent CNBC roundtable discussion on a video within this article called "New Retirement."


Right-Sizing Your Home

The premise of this USA Today article is that you don't want to wait until retirement to decide what your housing situation will be when you reach that transition. The advice being offered is to live a "blended life" that includes rightsizing your finances, work, and lifestyle so that you can ease into your future situation and be in better shape financially. An important question posed is when is the right time to sell your home? Read on to find out what you need to ask yourself and understand about the economy to make that decision wisely. 


Encore Fellowships Offered at Nonprofits

Intel is proud to announce that they are the first company to make Encore Fellowships at local nonprofits available to all of its eligible pre-retiree employees nationwide.  Encore Fellowships, created by Civic Ventures, are designed to provide a new source of experienced talent to organizations solving critical social problems, while offering those who have finished midlife careers the chance to transition to encore careers in the nonprofit sector for 6 to 12 months, full or part-time, with a $25,000 stipend. To learn more about this unique program, click here.


No Time to be Silent

 The present political situation has made it impossible for many in the "silent generation", those 66-83, to be silent.  A report from the Pew Research Center cites the anger felt by over 30% in this age range as they worry about the economy and how it will affect their finances in retirement. Others are annoyed by the lack of cooperation between the parties. While the majority identify with the Republicans, the wild cards are Social Security and Medicare and those issues might trump party loyalty. This group may come to be known as the "What About Me?" voters. 


You've Still Got It!

The long-awaited retirement of the millions of baby boomers born between 1945 and 1964 has begun...for some. But Fortune magazine reports that many employees aren't ready to say goodbye and some companies don't want to lose them. For pharmaceutical, technology and engineering companies, losing experienced employees can lead to a brain drain. In a recent AARP survey of 1,000 human resources directors, 69% said that their companies are looking to keep older workers as part-time workers and consultants; 46% are trying to entice older workers to stay on full-time. Does that mean you only need half the number of golf clubs you bought for retirement?


Ready, Set...Retirement, Here I Come!

This article feels like a page out of the Coming of Age playbook, with suggestions of how to begin your "retirement/encore" years in meaningful, interesting, and compelling ways. The author suggests finding activities that you are passionate about, challenging yourself and feeling the glow of an accomplishment well deserved, helping others in "trailblazing" ways or through simple acts that are truly appreciated, and staying mentally active by learning new skills and exploring experiences that can lead to fulfilling connections. Check out the 10 most difficult retirement decisions included in this piece.


Working Out with a Retirement Coach

So, you've worked hard for 40+ years...been achieved status and made enough money to retire comfortably...and what do you do when you reach retirement age? Hire a retirement coach! Doing retirement-like things might be fun, at least for awhile, but how do you let go of being the boss, having control, a schedule to follow, and a card to hand out at cocktail parties? How do you "do" retirement? This article provides a number of scenarios of how retirement coaches are helping people think about their future in a framework that fits their past. 


Flexibility and Meaning: Try Part-Time Work

Retirement may not be all that it is cracked up to be. Once free from the day-to-day work responsibilities and stress, you may find that there is a gap needing to be filled. This article from AARP provides a number of good ideas for part-time jobs that can meet the need for staying involved and making a few more dollars...and give you something to look forward to when you wake up in the morning.