Author Archives: marika@2young2retire.com

Learning Life, etc.

Eons, TeeBeeDee, and now AARP are moving into the social networking for the 50+ space. Just today came news that The University of Minnesota has launched a new social networking site called Learning Life and we think this could be the wave of the future: focused, useful, and definitely not trying to be all things to all people 50+. In short, a mature way to do social networking for a specific purpose, and a universe away from the ‘see and be seen’ style of the top runners in this hot space. Although it is not age-specific, Linked In is another very grownup approach that focuses on professional relationships. At the moment, all these are gratis to the user, but so were ATMs once upon a time.

Social networking is probably here to stay, in fact, some believe it will become as commonplace as email and may actually begin to compete with it. I have friends — albeit a generation younger than I — who seem to prefer to use Facebook to stay in touch. One benefit: the chain of message is clearly displayed, sort of like comments in a blog. Exchanging photos this way is great, too.

If you have yet to jump in because it all seems overwhelming, here’s a little video that might change your mind: Social Networking in Plain English. The video was created by Lee and Saachi LeFever of Common Craft just because they are passionate about sharing what they know. Poke around their blog. It’s informative and fun.

The Purpose Prize

What if you offered a $100,000 prize for social entrepreneurs over the age of 60? Civic Ventures, a think tank and incubator based in San Francisco, was convinced that such a prize would draw out candidates by the thousands, proving its point that life after 60 is the time for an ‘encore‘ career aimed at societal good. It convinced two foundations to fund the prize and in 2005 began to seek nominations. The nonprofit organization was immediately innundated with nominations from which it selected 60 Fellows, 15 finalists and five winners of the first Purpose Prize. In 2005, Howard and I nominated Rick Koca, founder and leading light of StandUp for Kids which rescues homeless and street children, and he was chosen a Purpose Prize Fellow for 2006. In 2007, we were also chosen Fellows for co-founding 2young2retire, and a week ago, we attended the Purpose Prize summit in Palo Alto, CA. It is the kind of company that leaves you wondering: what am I doing here? Here are a few memories and people that standout for us in a memorable experience.

  • At the airport in San Francisco, we shared a van with Rick Koca of StandUp for Kids and Robert Chambers, 2006 Purpose Prize Winner and president of Bonnie CLAC, a nonprofit organization whose mission is to help individuals purchase fuel efficient new cars at very low interest rates. The conversation spontaneously turned to succession issues, that is, whom we could envision carrying our work forward — a founder’s mixed blessing.

  • Life and death issues. Purpose Prize winner, Donald Berwick, MD., a pediatrician whose political-style 100,000 Lives Campaign seeks to improve hospital safety and save lives. Dr. Berwick’s goal is to help hospitals reduce unnecessary deaths by encouraging them to implement six specific, scientifically proven improvements in care, including those aimed at reducing medication errors and infections. In December 2006, his Institute for Healthcare Improvement expanded its goals to avoid five million incidents of medical harm. Nurses for Newborns Foundation, the brain-child of neo-natal nurse, Sharon Rohrbach, has proven to be a low-cost, high-impact way of reducing infant mortality, particularly in populations at high risk. In 2006, the program reached 5,300 children in 40 counties in Missouri and Tennessee. Frank and Peg Brady, who are 2006 Purpose Prize Winners, also direct their efforts toward sick children. Their Medical Missions for Children uses interactive video technology to allow pediatric specialists to remotely diagnose patients and recommend treatment.

  • We had breakfast and talked one morning with Richard Cherry, 2006 Purpose Prize Fellow and 2007 Winner, and creator of the Community Environmental Center, the first New York City nonprofit to focus exclusively on environmental issues of housing and development. Over the last decade, the former Wall Street attorney’s organization has saved low-income New Yorkers $20 million in energy costs, and reduced annual carbon dioxide emissions by 83,000 tons.

  • On another day, 2007 Winner Gary Maxworthy told us how he translated his three decades in the food distribution business and one year as a VISTA volunteer at the San Francisco Food Bank into a new service that brings non-market standard fresh produce to the poor. An expanded initiative called Farm to Family distributed 22 million pounds of produce to 40 California food banks. This year, their target is 34 million.

  • “How Might We?” It’s a deceptively simple question, but one that IDEO, an organization that applies design thinking to products, services, spaces and processes, to help its clients experience innovation directly, come up with new, better answers, and sometimes even change their culture. At our day-long session with IDEO, Howard worked on a team to help Jessica Holt of The Bauen Camp, Parkman, Wyoming, on strategies to scale up her project. They produced a template for a start-up kit. Marika’s team helped 2007 Winner, Adele Douglas, founder/executive director of Human Farm Animal Care, to devise a prototype of a brochure that supermarkets could hand out to customers. Work should always be that stimulating and fun!

  • Tolerance was a big subject among Fellows. Emira Habiby Browne combined her experiences as a Palenstinian immigrant and social service professional into the Center for Integration and Advancement of New Americans. The organization provides support and educational services for immigrants and refugees upon entry into the U.S. to help them gain economic independence and engage in civic life. Shakeela Hassan, a University of Chicago Professor Emeritus, is producing “The Sounds of Faith” a three-part series exploring the connections between the music of Judaism, Christianity and Islam for a national PBS broadcast. 2007 Winner, Phil Borges, is in his second encore career: using photography (his first encore, after leaving his orthodontic practice) to expand children’s worldview and cultural knowledge. Bridges to Understanding has involved 4,000 students in 30 countries. Nearly ten years ago, Richard and Shelli Steckel became photographers dedicated to chronicling the humanity shared by all people, with a special focus on children. Their Milestones Project has reached over 118 million people through exhibits mounted in airports, museums, restaurants, colleges, schools, at the United Nations and on the web.

  • Senior Civic Ventures Fellow and founder of Uplift Academy, Tom Munnecke inspired us with this question: What is the simplest thing I can do to create maximum benefit for humanity?

  • During a break, Marika took a walk toward the Stanford University chapel (our hotel was conveniently located right across the street from the campus), and stumbled on the Rodin sculpture garden and a work entitled, Stone River, by environmental artist, Andy Goldsworthy. If you don’t know his work, prepare to be stunned.

  • One week later, we met with fellow Fellow, Dennis Littky, a veteran, much-recognized educator with some ideas we would like to see implemented throughout the educational system. In 1996, he co-founded the Met Center High School in Providence, Rhode Island, a school designed to meet the personal educational needs of underserved urban students. All you have to do is talk with students — as we did — to know it is working. With the support of the Bill and Melinda Gates Foundation, Littky’s model has been embraced by 54 schools, all public schools with fewer than 150 students. A college matching up Prime Time mentors with students is in the works, which is something that got our attention. For more, see his Big Picture Company.Nominations for the Purpose Prize are open. Deadline is March 1. Join the Encore revolution!

Can We All Get Along?

Longevity is making four-generational families commonplace. You see it at family reunions and special celebrations honoring long-lived family members. And inevitably, four generations are showing up in the workplace, as more people 50 and older choose to keep working longer, often among those young enough to be their grandchildren.

How well (or poorly) we will get along is the subject of a new book, How to Get Radio Babies, Boomers, Gen Xers, and Gen Yers to Work Together and Achieve More (Career Press, 2007) by Robin Throckmorton and Linda Gravett, based on a three-year study of workers from each age group.

Here’s how the authors see the generational divisions:

RADIO BABIES, BORN 1930 TO 1945
Background: Children who remember the Depression and/or World War II, appreciate employment and career continuity.

Common characteristics: Strong work ethic, extensive job experience. Often perceived as frail or inflexible.

Comments: “People are sometimes afraid of radio babies for health reasons. But radio babies want people to recognize that their bodies and brains still work. Those hiring people between 60 and 80 tell us they’re the most productive workers they have.”

BABY BOOMERS, BORN 1946 TO 1964
Background: Boomers grew up with post-World War II prosperity and TV; entered the work force when “career path” meant a single company ladder to climb.

Common characteristics: Hard workers, experienced and loyal. Sometimes seen as “stuck in their ways.”

Comments: “A lot of people are reluctant to hire boomers, thinking they’ll retire soon,” Trockmorton says. [But] They want to keep going. They want a better work-life balance. And their second career is often much different than the first one.”

GENERATION X, BORN 1965 TO 1976
Background: Latchkey kids, often from dual-income homes. Entered the work force at the dawn of the Computer Age.

Common characteristics: Independent, flexible, technologically diverse. Can be perceived as self-absorbed or disloyal.

Comments: “This is the first latchkey generation, so they’re very used to surviving on their own. They change jobs more often, so they put less stock in company loyalty. So, they can be seen (by elders) as impatient with their careers.”

GENERATION Y, BORN 1977 TO 1990
Background: Raised in a fast-paced, violence- and media-saturated, technologically booming world.

Strengths: Energetic, innovative. Can be viewed as arrogant or defiant.

Stereotype: “Gen Y’s are sometimes called ‘Gen Why?’ because they question everything. They look for the value in what they do, and are less inclined to confer respect upon someone because of a title.”

Given the differences in work attitudes, e.g. Radio Babies are famously ‘loyal,’ with a strong work ethic, vs. the Gen Y’s ‘what’s in it for me’ approach to work, the best strategy is “reverse mentoring,’” says Throckmorton. “Each group draws from the other’s wisdom. Boomers and radio babies know how things get done, and have the experience that comes from years inside the system. Generation Xers and Gen Y’s have a lot of new ideas and technological expertise. And those born on the cusp of each generation are vital because they communicate well with both sides. It does work, and we found that the generations born furthest apart have the most to teach one another.”

None of this will be news for you grandparents or Experience Corps mentors out there, of course.

Not Ready for Prime Time

It’s not exactly news that too many American companies have been dragging their feet when it comes to addressing the potential brain drain when (we’d say if) there is a boomer exodus. According to a poll of HR managers conducted by Monster Worldwide, less than 12 percent said their organizations are doing enough to hold on to the institutional knowledge of their older workers, not to mention familiarity with clients and vendors, and a hands-on feel for what works and what doesn’t.

Perhaps these companies are in denial. Possibly they are focusing on the surveys that indicate that the majority of this age cohort plan to keep working, and ignoring the caveat that remaining on the job will be on a new set of terms yet to be negotiated. We’re talking about incentives that include part time, flex time, telecommuting, and other variations that facilitate boomer elder care responsibilities, to name one growing concern, or the simple desire to live a more balanced life.

If you are a boomer (and even if you’re not), this is a listen up moment.

1. If millions of you jump ship, it will hurt the economy; it will damage service organizations, the nonprofit sector and government. Yours is the last generation of workers with decades-long experience at the same company or organization. So it’s not only the valuable know how we stand to lose if you go, it’s the invaluable know why. That beats out objectives, mission statements or vision, hands down. It’s Purpose with a capital P.

2.Here’s another good reason you need to stick around. You have the best shot at transforming the workplace from within. After all, you know better than most the high cost, both personal and professional, of living to work. “Midlife overwork in America has reached pathological proportions,” says Marc Freedman, co-founder of Civic Ventures, a think tank and incubator for ideas and programs to capture the experience dividend.

Boomer Nation: It doesn’t have to be so. You’ve got the numbers and the power to demand change. Your kids will thank you.

More Reading:

The ‘Eldercare Generation’ Cares About Continuing to Work: Are Companies Interested in Keeping Them? Knowledge @Wharton

Social Security: A Surmountable Challenge

You’ve heard of artificial deadlines? Hmmm…retirement at 65 (or whenever) comes to mind. Well, how about an artificial milestone created for sensational headlines, contrived to bring attention to a non-existent crisis? Case in point: this week, retired school teacher, Kathleen Casey-Kirschling, became the first boomer to apply for Social Security benefits. It was a field day for the school of chicken little reporting as phrases like looming bankruptcy, financial implosion, fiscal meltdown, Boomsday is Nigh (SF Chronicle), and even the suggestion that Ms. Kirschling was Public Enemy No. 1, made their way into print and broadcast. The Times (London) weighed in with its own: From boom to bust: the silver generation that could leave Uncle Sam broke. Social Security Commissioner Michael Astrue, who orchestrated the media event, set the tone with his term for the ‘crisis’: America’s Silver Tsunami.

Kudos to the Kansas City Star for its focus on the fix, of which there are quite a few, not to mention that we have 34 years (that’s four 8-year presidential terms) to implement them. Everyone is in agreement that we have a problem, although it pales in comparison to Medicare funding and rising health care costs. The version we prefer comes from the Social Security Board of Trustees Report itself: “The financial difficulties facing Social Security and Medicare pose enormous, but not insurmountable, challenges.”

Fixes that have both supporters and detractors include:

  • Raising the cap for FICA, now set at $97,500.
  • Raising taxes from the current 7.5% (both FiCA and Medicare)
  • Increasing the age of eligibility for full benefits (it is already at 67 for some)
  • Encouraging savings (now that’s a novel one!)
  • and so on…

Oddly enough, the possibility that the majority of boomers will remain in the workforce, as they have been declaring in surveys over the last several years, doesn’t enter into the crisis equation. If they do — and we think health insurance concerns will contribute to the decision to keep working — the projection of a smaller worker to retiree ratio, from 3 to 1 currently to 2 to 1 (less income, more pay outs), is just plain wrong. As of now, if you are 65 or older, you can be collecting Social Security benefits and earning an income (on which you pay FICA taxes, of course). It seems to us that we need to factor in productivity gains and the impact of immigration on the workforce. If there is anything to fear, it is that the high cost of medical care will gut Medicare. But Social Security is, in our opinion, a surmountable challenge. What’s needed is imagination and political will on the part of the elected and the electorate…now rather than later.

“An optimist sees an opportunity in every calamity; a pessimist sees a calamity in every opportunity.” — Winston Churchill

More reading:

Social Security needs fixing — and fast. Kansas City Star
Social Security: Scare tactics or true crisis? Lita Epstein, author, Complete Idiot’s Guide to Social Security
Generation Ageless J. Walter Smith
Is Social Security in Trouble? Depends on Whom You Ask Knowledge@Wharton
Center on Budget and Policy Priorities


Live Long and Well

Have good work to do, and a brisk walk to it.
– Delfinio Lujan, merchant, herbalist
This simple recipe for a long and good life comes from a centenarian, one of the Living Treasures of Santa Fe, NM. It pretty much sums up our philosophy at 2young2retire. Work you enjoy is a health maintenance strategy and life extender. If what you are doing is also something that contributes to the good of society, so much the better. As it turns out, socially significant work is where the opportunities are — in teaching and health care, to name two. And many people 50 and older are feeling the call to make a positive difference.
But even you wouldn’t characterize your work as a form of giving back, if you keep working past the age when you are ’supposed’ to retire, you are giving back. Here’s why. You are likely to stay in good health for much longer. Everyone has a story about a relative or friend who retired and began to decline. The other side of the coin is that people who work — whatever their reason for doing so — have far fewer visits to the doctor. Maybe feeling relevant and necessary is good for us in ways that can’t be measured by medical science today. But given the high cost of medical care, every year you avoid needing it, is a blessing to you personally, and a gift to society and future generations.
Get Physical
The second part of the quote underlines a key ingredient for health maintenance after age 50: vigorous physical activity every day for the rest of your life. If you are lucky enough to live a mile or two from your place of work, you’ve got a head start. You can’t help but notice how urban dwellers tend to be much trimmer and fitter than those of us who are dependent on a vehicle for every errand.
If you work at home, you have to be that much more disciplined about exercise, making sure whatever you choose is fun, so you’ll want to keep doing it, yet challenging enough to make a difference to your cardiovascular system. Most people need about 28 days to get into a new habit of biking, swimming, weight work, yoga, tai chi or Pilates — three ideal practices for the mature body — every day.
Commuters, start campaigning for a fitness break at work. Most of the best employers have added gyms and instructors. It’s a rare executive these days who doesn’t understand the relationship between exercise and better morale and productivity. Take a page from a centenarian’s playbook, and plan to make good use of your own century on Earth.

Collective Wisdom

Even before the current hubbub about social networking as a source of insider information and tips, it has been possible to contribute — and read — reviews of products and services via sites like epinions.com and amazon.com. In fact, the input of ordinary people can build credibility for retailers — or discredit them — and is empowering for both contributors and those who read their reviews. Wikipedia, the on-line encyclopedia, lets anyone with a passion for a subject become an instant expert — at least until his or her entry is challenged and/or edited by someone else.

With its 2 Cents Project, the San Francisco Chronicle hopes to create a pool of citizen-journalists “who agree to be accessible to The Chronicle via e-mail to provide commentary on the news of the day and share their expertise and experiences with our readers.” The project is open only to residents of Northern California (with the exception of Chronicle employees and members of other Bay Area news organizations). Priority is given to those who live in Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Sonoma and Solano counties. But it’s a model we’d like to see replicated elsewhere.

Here’s how it works:

Two Cents correspondents get a shot, says the Chronicle:

  • When news breaks and we need to gather input from people but are constrained by tight deadlines.
  • When traditional means of finding sources for stories fail.When either of these circumstances occur, we e-mail requests for information or commentary to our correspondents and ask them to respond or to forward our e-mails to people they know who are able to respond. Sometimes we contact people who respond to our e-mails and interview them for stories. Sometimes we run a column of correspondents’ comments, along with their name, photo and name of the town they live in.

The new science of predicting success also draws on ‘the collective intelligence” of groups of people. The Hollywood Stock Exchange, for example, is adept at accurately predicting box office success and Oscar nominations. “Nobody knows anything,” concludes James Surowiecki, author of the article (The Science of Success), “But everybody, it turns out, may know something.”

Encore Careers

Marc Freedman is one of our heroes. In the midst of sound and fury about the boomers, his is a steady, reassuring voice of hope and reason. In his new book, Encore: Finding Work That Matters in the Second Half of Life, Freedman wastes no time in painting two starkly contrasting visions of the future. In one, boomers — ‘greedy geezers’ — on an endless, subsidized vacation, have sabotaged the economy, tipping the nation into decline. In the other, ‘boomer labor power’ fueled by Encore Careers — what he calls ‘purpose-driven jobs’ — makes life more meaningful, fulfilling and financially sustainable, not only for boomers themselves, but for generations to come.

Freedman, 49, founder and ceo of Civic Ventures, a think tank and incubator dedicated to “generating ideas and inventing programs to achieve the greatest return on experience,” shies away from the emphasis on voluntarism that characterized his earlier book, Prime Time: How the Baby Boomers Will Revolutionize Retirement and Transform America. He believes that, given the right policy decisions and bold new initiatives to address the ‘experience dividend,’ millions of boomers will make a virtue of the necessity to generate an income later in life, and enter into a new phase of work that may be shorter in duration, but ‘weight more’ in impact.

What is needed, he writes, is a new social contract with older people that directs them not toward the outdated ‘freedom from work’ of an earlier generation and time, but ‘freedom to work.’ To illustrate, five ‘Encore Pioneers’ tell their stories and show what is possible when you don’t accept the status quo. Former car salesman, Robert Chambers, now provides low-interest loans and fuel-efficient cars to the rural pool in New Hampshire. After thirty years as a truant officer, Jacqueline Kahn began to train in her early fifties for her new career as a critical care nurse (see her featured in Time Magazine).

“In choosing work that is aimed at making a better world, these leading-edge baby boomers are challenging the definition of success for all Americans,” writes Marc Freedman. In the future he envisions, these examples of Encore Careers will be commonplace and the dire forecasts of those who saw inevitable social collapse caused by an aging society, will seem as absurd as Y2K.

Read this book and light your own fire. The Appendix, Your Encore, is packed with resources to help you find your way and keep the flame burning.  And there is an Encore website.  “The future is calling,” Freedman concludes. “What are we waiting for?”

Knock, Knock. Who’s There?

Some week ago, I was asked by a colleague in the aging field to consider serving on a panel on the use of the Internet by the older population, specifically, on how the Internet is creating a new ‘space’ for electronic elders, a la My Space.

No doubt people are jumping into that space. There was considerable buzz about the launch of Eons.com, the social networking site dedicated to people 50+ (or, it was, but the last time I checked, it was 49+). The zippy slogan, ‘loving the flip side of 50,’ certainly is a grabber, and anything that Monster.com founder, Jeff Taylor, would create, gets my attention. Eons was attracting money, too: $22M in the most recent round of financing. But from my own experience of writing a newsletter for the age group, I really wondered if there was a need for an age-segmented social networking site.

I signed up for Eons anyway (284 days ago, according to my profile), and joined five different groups — careers for the 50+, home-based business, books, yoga and long-distance grand-parenting — and after some interaction with other group members, I have to wonder along with Howard Rheingold, author of Smart Mobs and expert on the social implications of communications technology: “Is being over 50 years old strong enough affinity? I’m not so sure.”

Maybe this is an idea before its time. New research published in Business Week suggests that may be the case. Among the Older Boomers (age 51-61), 8% are involved in social networking, for Seniors (62+), the figure is 6%. A huge generation gap. Yet, 61% and 70% of these same groups, respectively, are ‘on line,’ reading blogs and gathering information. Just not active in social networking. If this describes you, and you want to get your feet wet and see what the hubbub is all about, you might start with Social Networking 101.

And if you are among those entrepreneurs of a certain age who want to connect with your age group for whatever purpose, you could interpret these stats as an opportunity disguised as a problem. In the words of oft-quoted management guru, Peter Drucker: The best way to predict the future is to create it.

Leaving Life to Chance? Don’t!

In her New York Times article, Training to be Old, Claudia Deutsch interviews experts on the subject of how well, or badly, many of us are preparing for a span of years roughly equivalent to those spent building family and career. Here’s a comment that is worth your attention: “With the first wave of baby boomers already in their 60s, gerontologists are bracing for a tsunami of disgruntled postretirees who have left the psychic and physical aspects of aging to chance.”

If this describes you, don’t panic. Help with transition is available, although given the numbers — 78 million baby boomers alone — we have a long way to go to meet the need. Programs are beginning to turn up at local JCCs, YM/Ws and other social services groups. Look for a Next Chapter group or Transition Network (for women 50+) in your area. A lot of authors are jumping on the later life advice bandwagon. That’s not a bad place to start your inquiry.

You can expect financial planners to continue to focus on what they are trained to do — help you to manage your tangible assets so they will last as long as you do. But many have begun to adopt and train for a more comprehensive approach, perhaps because clients are demanding it. In our neck of the woods, 2young2retire has already certified one financial planner to facilitate the 2young2retire course and another is currently enrolled in the training. Facilitator Training is open only to people who have professional credentials, e.g. life/career/transition coaches, career counselors, social workers.

The 2young2retire course itself is a good model for what is possible. It asks a six (or eight) week commitment from participants to inquire into the important issues we’ll all face in a longer life span: staying healthy, smarter money management, ‘encore’ careers, entrepreneurial opportunities, community service, and intelligent travel. You reflect, you explore, you plan, you write down your plans. Good things happen.

Hungry for a ‘purpose-driven job’ in the second half of life? The MetLife Foundation/Civic Ventures Community College Encore Career Grants of $25,000 are designed to encourage community colleges to develop programs that help boomers transition into encore careers in healthcare, education and the social services where the jobs are many and qualified people few. Do good. Do well.