Retirement Rythem: Finding Yours

STEREOTYPES AND AGISM

Herbert C. Northcott in the book titled, Aging in Alberta Third Edition said that “A stereotype is an erroneous generalization about a social group, for example, “old people are poor,” or “sick”, or “lonely.”  Such statements imply that all old people are disadvantaged, or at least that the majority are.  While some seniors are disadvantaged, the majority are not.  Nevertheless, there is a tendency to assume that seniors are worse off than they really are.

AGELESS LEARNING

The Plus 50 initiative was featured in the October issue of the AARP (American Association of Retired Persons) Bulletin in the article “Ready for Your Second Career?” The article discusses how baby boomers are launching new second careers and profiles boomers who have made the leap.  This is a major new AARP initiative designed to help people explore what’s next in their lives.  The AARP Bulletin ranks in the top tier of the highest circulation publications in the United States and reaches more than 37 million readers.

PLUS 50 TRENDS

A growing number of baby boomers are creating and building their own businesses.  The annual entrepreneurial activity report published by the Ewing Marion Kauffman Foundation found the share of new entrepreneurs ages 55 to 64 grew from 14.3% in 1996 to 23.4% last year.  Part of the growth is the result of the overall aging of North America.  But experts say older people are flocking to self-employment because of a frustrating job market and the growing ease and falling cost of starting a business.

An estimated 9 million Americans and 1 million Canadians ages 44 to 70 are engaged in second careers and 31 million Americans and 3 million Canadians are interested in pursuing one.  A survey from the Metlife Foundation and Encore.org shows that within the next 10 years, 25 percent of boomers hope to start a business or nonprofit; and half of these people want to make a difference in the World while earning money.

But even if they don’t get paid, “older adults want to remain connected, relevant, useful and engaged.  There’s this collective feeling of ‘we’re not done yet,’ says Marci Alboher, author of the Encore Career Handbook.

To get started regarding finding your retirement rythem speak with with people in your target field, and volunteer for a place or mentor you admire before you make the leap. “Experimenting in your 50s prepares you psychologically for a new chapter rather than being blindsided if your career ends suddenly or you’re too consumed to think about it,” says Encore.org Founder Marc Freedman.

QUESTION- Mature adults want to find their OWN Retirement Rythem but where do you go for some help?

As I have mentioned many times in previous blog articles, we are currently living in a youth oriented society and as such most Government related resources will be ear marked for the Young Entrepreneurs(18-39) years old.  The 50+ demographic will probably need some funding and new leadership from other interested groups such as angel investors, sponsors and community leaders. 

What’s happening with the two largest seniors groups in North America namely the AARP and CARP?  In Canada CARP (Canadian Association of Retired Persons) most of the resources are dedicated to providing higher quality health care for Canadians and more tax credits for seniors eg. pension income split for seniors.  In essence, the focus is NOT on ‘productive longevity’ to make seniors more active, creative and productive but mainly on getting additional entitlements.

In the USA, Life Reimagined (AARP INITIATIVE) has been created to help you navigate change no matter what situation you find yourself in.  Life Reimagined involves six practices that guide you through change.  Think of it as a personalized guidance system.  Start where you are in your life, and see where the possibilities lead you. i.e.reflect, connect, explore, choose, repak & act. 

For more help in this area go to hash tag reimagine (#reimagine).  This is a Twitter discussion site to tap into your passions, reinvent careers, and create new possibilities.

Briefly, there is another option to help the current or potential 50+ Entrepreneur. There is an organization in Britain that is called Enterprise Nation.  In my own opinion I think that Canada should look at this option seriously to get more of the 50+ demographic involved in their own entrepreneurship project.  Enterprise Nation does networking events, startup classes and expert workshops for small business owners and would-be entrepreneurs. Enterprise Nation also have Professional Training & Coach’s. They are also well know for their ‘Startup Saturday’ event, which I think would be very suitable for potential 50+ entrepreneurs that might still have a daytime corporate job to go to.

Question for the Reader- Do you have any ideas about where the potential 50+ Entrepreneur could meet on a daily, weekly or monthly basis to discuss their OWN Retirement Rythem?  Thanks for reading this blog article!  Comments are very much appreciated.

 

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