Merrill Lynch Connects Past and Future Technology by djc21241


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Nancy Wallace, Certified Career Counselor

In the past, people were fortunate to live a few years after retiring. Today, though, retirees can
expect to spend up to a third of their entire life in retirement. Retirement has become an extended
phase in the lifespan, one many call their third age, because as much as one-third of our lifespan
may be spent in retirement.

The New Retirement Survey by Merrill Lynch found that the trend for today s retirement eligible
workers is to not stop working altogether in a traditional retirement sense, nor keep working full-
time until they keel over. Instead, this generation is creating a new retirement - balancing work
and play. While money is a key motivator to some in continuing to work, for a majority of it is
about mental stimulation.

According to the Merrill Lynch survey, 76% intended to keep working and earning in retirement,
launching into a new job or career after they retire from their c urrent job/career at around age 64.
Fluid, flexible and non-traditional working arrangements are among the options retirees are
seeking. For some, that may mean starting a business for the first time later in life. For others, it
may be getting part-time employment in a fun job they ve always wanted to do, such as working
in a bookstore or as a golf course starter. For still others, it may mean starting a new career
altogether, or securing short-term consulting jobs in their primary career field. Only 17% of the
survey respondents reported that they hope to never work for pay again.

So, where do retires locate these types of jobs and how does one secure a retirement job?
Following are a few of the growing number of resources that exist to help retirees create a
lifestyle with a satisfying mix of work and play.

    •   AARP National Employer Team - a group of companies who want to hire older workers
        because they value the leadership, skill, maturity, and experience they bring to the
    •   2Young2Retire - a book, a website, a philosophy... includes stories about ordinary people
        who, instead of accepting traditional retirement, have made transitions to new and what
        they consider more interesting careers and lives.
    • a free resource for individuals over age 50 that identifies
        companies most-suited to older workers and matches them with active, productive,
        conscientious, mature adults seeking a job or project that matches their lifestyle.
    •   Your Encore - a service provider connecting the technology and product development
        opportunities of member companies with talented individuals experts in their chosen
        field who are ready to apply years of experience and talent from a lifetime of creative
        problem solving
    •   Senior Job Bank - a service designed to spread the word about the wisdom of tapping
        into the tremendous resource of talents and skills of America's aging population -
        perhaps this planet's most wasted natural resource.
    •   Seniors 4 Hire - a nationwide online site for U.S. job seekers 50+ to find jobs with
        businesses that value diversity and recruit older workers.
    •   ENRGE (Employment Network for Retired Government Experts) - works to enhance the
        image and market availability of men and women who have dedicated their lives to public
    •   Retiree Careers - premiere online resource for job procurement services for jobseekers
        over 50 years old and/or retired.
    •   Continuing Careers database of jobs for recent retirees, military retirees and career
    •   New Retirement - site dedicated to helping people who are concerned about retirement to
        find the information they need to create a secure future for themselves, including several
        resources on jobs for retirees.
    •   Carnival Cruise Line database of opportunities for retirees who enjoy travel and want to
        combine work and play.

In addition to paid employment, there are so many worthy causes in the world and not nearly
enough people to serve at them: hospitals, schools, libraries, churches, parks, zoos international
relief organizations and more. Many retirees who are fortunate enough to have adequate financial
resources are working in a volunteer capacity. In fact, the Peace Corps reports that 6%, of their
volunteers are over the age of 50 years. The following organizations offer special programs for

    •   Senior Corps - connects individuals over age 55 with the people and organizations that
        most need them.
    •   Experience Corps - engages people over 55 in meeting their communities greatest
    •   National Park Service opportunities to volunteer in national parks programs across the
    •   The Peace Corps - volunteers serve in 73 countries in Africa, Asia, the Caribbean,
        Central and South America, Europe, and the Middle East. Collaborating with local
        community members, volunteers work in areas like education, youth outreach and
        community development, the environment, and information technology, and range in age
        from college students to retirees.

As you contemplate the third age, keep in mind that retirement means opportunity, a new sense
of purpose, an unrestricted challenge to try out ideas and dreams. Retirement can give you the
chance to become an entrepreneur, to be your own boss, to succeed with the talents you have
acquired over a lifetime. Colonel Harlan Sanders, who started Kentucky Fried Chicken with his
mother's recipe, undertook his business venture at age 72. Ray Kroc founded McDonald's when
he was 60. Ben Franklin invented bifocals at 78. Grandma Moses launched her painting career
when she was 78. Winston Churchill became Prime Minister of England when he was 78.
Whether you work for yourself or for someone else, retirement can give you the chance to rewire
or refire during your third age.

National Institute of Transition Planning, Inc.

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