Podcasts about unretirement how baby boomers

Do you want to retire to full-time leisure, or find fulfillment in new work challenges? Chris Farrell is a marketplace senior economics contributor at American Public Media Group, a columnist at PBS Next Avenue and the Star Tribune, and the author of "Unretirement." He earned a BA in History at Stanford and a MSC in Sociology from the London School of Economics and Political Science. His new book, “Purpose and a Paycheck” (Feb 2019) is available on Amazon and Barnes and Noble. To explore a new career, grow as a leader, or accelerate your business growth, schedule a FREE Velocity Call with interviewer and executive coach Allison Dunn! https://my.timetrade.com/book/DY6LNIn this interview, Chris delves into: • the definitions of “unretirement”, “rewirement” and a “third-age career” • the number of people in their late 50’s or early 60’s who are starting new businesses, compared to people in their 20’s (the number may surprise you!) • typical motivations for starting new businesses later in life • ways to approaching finding something new and exciting that leverages your existing skillset • how to incorporate leisure into your early career, and productivity into your later career • how to choose the right opportunities for furthering education or gaining certifications for a new career venture • how employers can incentivize employees to stay longer to benefit from their experience and wisdom • how employers can create a new form of retirement benefits that help employees launch their own ventures when they’re ready to leave the company • who “Purpose and a Paycheck” is for and how you can follow Chris online You can find Chris's books on Amazon. • Purpose and a Paycheck: Finding Meaning, Money, and Happiness in the Second Half of Life https://www.amazon.com/Purpose-Payche...• Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life https://www.amazon.com/gp/product/162...• The New Frugality: How to Consume Less, Save More, and Live Better https://www.amazon.com/New-Frugality-... Are you ready to take your career or business to the next level? You can schedule a FREE 30-minute Velocity Call with executive coach Allison Dunn! Before the call, please plan to discuss: • Your biggest goal for the next 90 days • Your top long term business goals • The biggest opportunity in your business right now • Obstacles preventing the growth you want to achieve At the end of the call we’ll help you determine 5-7 goals to focus on. We’ll also see whether there’s an opportunity in your business to help you grow faster that justifies the cost of further business coaching. Space on our calendar fills up quickly. Please check our calendar today to see what time we have available. https://my.timetrade.com/book/DY6LNDeliberate Directions also offers: • an online mastermind program https://deliberatedirections.com/whet... • corporate executive coaching https://deliberatedirections.com/coac...• public speaking for events https://deliberatedirections.com/spea...• interactive workshops for events https://deliberatedirections.com/work...• FREE business success guides https://deliberatedirections.com/guides

Over four decades, Patti Temple Rocks has held senior leadership positions in three distinct communication sectors: PR, advertising, and corporate/client side. She is an inspirational leader, innovative thinker, problem-solver, growth driver, brand steward, and an agent of change. Patti is passionate about fighting age discrimination and helping people understand how it harms individuals, businesses, and society, as a whole. You can learn more about this issue at Imnotdone.rocks.   Listen in for ways you can have this conversation where you work and where you live.   Key Takeaways: [1:09] Marc welcomes you to Episode 124 of the Repurpose Your Career podcast. Career Pivot brings you this podcast. CareerPivot.com is one of the very few websites dedicated to those of us in the second half of life and our careers. Take a moment to check out the blog and the other resources delivered to you, free of charge. [1:41] If you are enjoying this podcast, please share it with other like-minded souls. Subscribe on CareerPivot.com, iTunes, or any of the other apps that supply podcasts. Share it on social media or just tell your neighbors, and colleagues. [2:02] Next week will be Episode 125. Marc has categorized the episodes. Look for them on CareerPivot.com/podcast. Scroll past the player to find Show Notes by Category, including interviews, audiobook chapters, series, and more. [3:23] Let Marc know what you think about how they are organized. Feel free to email Marc at Podcast@CareerPivot.com [3:38] Next week, Marc will interview Paul Tasner. Marc found Paul through his TED Talk where he told his story of being laid off at the age of 64 and becoming an entrepreneur and formed Pulpworks. [4:01] This week, Marc interviews Patti Temple Rocks, the author of a great book on Ageism. [5:46] Marc welcomes Patti to the Repurpose Your Career podcast. Patti reveals some of her personal passions: traveling and experiencing local cultures. [6:28] Patti explains the inspiration to write her book. Her boss and mentor, the first women to reach the C-suite at this large corporation, was pushed to the sideline. Patti asked the CEO why, and he said she was “just tired.” Patti knew that wasn’t true, and she started noticing age discrimination from that point on. [8:45] Patti’s wanted to make sure that didn’t happen to her, and to prepare for the day when the workplace decided it was time for her to go do something else. [9:10] Patti found a lot of writings about creating a second career when you are not perceived as valuable in your first career. Patti wasn’t ready to go do something else. She still had a lot to offer and give. Patti realized there were others who felt the same. [9:55] Patti’s book focuses on a message for businesses: You’ve got to change because there is this huge population of us who are reaching the stereotypical retirement age and we’re not going to want to go. [10:37] Marc has noticed code words for ageism. One term used in his workplace was he “doesn’t have the energy.” Patti says “digital native” can exclude Boomers. [11:07] Chris Farrell in Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life, says that companies are going to need Boomers. Without companies changing their behaviors, there will still be ageism. [11:29] When Marc interviewed Ashton Applewhite she had said that Boomers need to change behaviors. Patti saw there was room for her book. [11:51] In Patti’s opinion, there were a lot of people willing to make assumptions without having conversations about what is in the best interest of the company and the employee. Talking about age is considered taboo. Talking about salary is forbidden. More transparency in business will uncover inequities. [13:16] People assume that when an employee reaches a certain age, they don’t want to travel or move, or they are not worth training. These untruths continue due to lack of conversation. [13:40] Ageism exists because we don’t talk about it. Patti remembers a time when there were no diversity and inclusion officers or strategies. Today, we are talking about racism and sexism in corporations and in society. Age does not have that protection. [15:31] We need to start noticing when workers in their 50s and 60s are being ushered out of organizations. Ask the question, “What’s going on in my organization?” We can make a change. Marc tells of a case of disguised ageism from his corporate history. [16:30] Patti gives an example of ageism from her own career. Our view of retirement changes as we approach the expected retirement age. [19:34] Marc will interview Andrew Scott in May. Andrew and his wife, Lynda Gratton, wrote The 100-Year Life: Living and Working in an Age of Longevity. Young adults are probably not going to retire until they’re 85. They just haven’t figured that out, yet. [20:29] Marc talks about Del Webb, who opened the first Sun City on January 1, 1960, with five model homes and a strip mall. 10,000 cars came through the first day. A lot of the people smoked. They were in their 60s and weren’t going to live for more than 10 years. Today a married couple of age 65 have a good chance that one will live to 100. [21:53] Patti talks about how Herman Miller has addressed ageism. They realized that if everybody who was eligible for retirement took it at the time of their eligibility, they would have serious labor shortage and knowledge-transfer problems. [22:47] Herman Miller also noticed that most people were retiring without giving much notice. Those people were also not really prepared for retirement. Herman Miller created a program of flex retirement that encouraged employees to work with their managers to plan for retirement in steps, as much as five years ahead of time. [24:13] There almost always was a solution that was in the best interests both of the company and the employee. A major benefit for Herman Miller was in being able to plan for orderly successions with the person whose job is being filled making some contributions to the discussions. This program was a win-win. [25:08] Companies need to realize that it’s in their best interests, from a labor standpoint, to keep their employees around longer. If we Boomers can get people talking about ageism, and treating it as a taboo subject, solutions will arise from that conversation. [26:13] Patti interviewed many people who had experienced ageism. One obvious conclusion is that older workers are not around because of their higher salaries. It’s up to all of us to continue to prove our value, no matter what our age, so that we earn our salary. In cost-cutting times, that may mean reduced hours or a lower-paying job. [27:51] 100% of the people Patti interviewed said that if their boss had offered the option to change roles and reduce compensation, they would surely have considered it and more than likely would have taken it. Most people aren’t in a position to completely retire in their 50s or early 60s, if for no other reason than the high cost of health insurance. [28:30] Nobody should take a pay cut for doing the exact same job but companies can find a way to reorganize someone’s job to use their strengths at a lower salary. [28:51] Marc is living in Mexico because of the high cost of health insurance in the U.S. Marc also notes that he never was offered at any job the option to do something different for less money. [29:20] One of the common themes in Marc’s online community is that everybody wants the freedom of when they want to work, what they want to work on, and how hard they want to work. It’s not as much about the pay. [29:43] Patti has seen through her career that everybody wants flexibility and freedom. It is especially important toward the end of a career. CVS offered a package to pharmacists and store managers to spend winters in Florida. This solved a training and staffing problem and worked out well for older workers. Flexibility is huge. [32:11] Patti’s hope is that, as a result of this conversation in society, we will all have more choices about our own end of careers. [33:46] Patti has the idea that the vast majority of people who don’t get employee reviews when they’re supposed to are over 40. It’s sort of decided for us at that age that we care less about career development. Patti says, let’s take control of the end of our careers, not just the beginning of our careers. [34:28] Marc doesn’t ever want to retire. He wants to work less at something he loves, on his terms. [34:46] Patti’s book, I’m Not Done: It’s Time to Talk About Ageism in the Workplace, is available on Amazon. Patti’s website is Imnotdone.rocks and you can reach out to her there. Patti’s focus in her writings is to continue to raise awareness for this topic. People always thank her for bringing this up. Patti is not done talking about it! [35:41] Marc thanks Patti and hopes you enjoyed this episode. Ageism is not going away anytime soon. Marc recommends Patti’s book. Let him know what you think of it. [36:00] The Career Pivot Community website has become a valuable resource for 50 members who are participating in the Beta phase of this project. Marc is currently recruiting new members for the next cohort. [36:11] If you are interested in the endeavor and would like to be put on the waiting list, please go to CareerPivot.com/Community. When you sign up you’ll receive information about the community as it evolves. [36:27] Those who are in these initial cohorts set the direction of this endeavor. This is a paid membership community with group coaching and special content. More importantly, it’s a community where you can seek help. Go to CareerPivot.com/Community to learn more. [36:52] Marc invites you to connect with him on LinkedIn.com/in/mrmiller. Just include in the connection request that you heard Marc on this podcast. You can look for Career Pivot on Facebook, LinkedIn, or @CareerPivot on Twitter. [37:14] Please come back next week, when Marc will interview Paul Tasner, owner of Pulpworks. [37:20] Marc thanks you for listening to the Repurpose Your Career podcast. [37:25] You will find the show notes for this episode at CareerPivot.com/episode-124. [37:32] Please hop over to CareerPivot.com and subscribe to get updates on this podcast and all the other happenings at Career Pivot. You can also subscribe to the podcast on iTunes, Stitcher, the Google Podcasts app, Podbean, the Overcast app, or the Spotify app.

In this episode, Marc interviews Chris Farrell, a senior economics contributor for Marketplace, American Public Media’s nationally syndicated public radio programs. Chris is economics commentator for Minnesota Public Radio and an award-winning journalist. Chris is a regular contributor to PBS’s Next Avenue, and the Minneapolis Star Tribune. He has written for Bloomberg Businessweek, The New York Times, Kiplinger’s, and other publications. Marc hopes you enjoy this episode.   Key Takeaways: [1:13] Marc welcomes you to Episode 117 of the Repurpose Your Career podcast. Career Pivot brings you this podcast. CareerPivot.com is one of the very few websites dedicated to those of us in the second half of life and our careers. Please take a moment to check out the blog and the other resources delivered to you, free of charge. [1:43] If you are enjoying this podcast, please share it with other like-minded souls. Subscribe on CareerPivot.com, iTunes, or any of the other apps that supply podcasts. Share it on social media or just tell your neighbors, and colleagues. The more people Marc can reach, the more he can help. [2:05] Next week, Marc will be interviewing Ashton Applewhite, author of This Chair Rocks: A Manifesto Against Ageism. [2:15] This week, Marc is interviewing Chris Farrell, author of Purpose and a Paycheck: Finding Meaning, Money, and Happiness in the Second Half of Life. [2:28] Marc introduces Chris and welcomes him to the Repurpose Your Career podcast. [3:10] Marc loves Chris’s previous book, Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life and is very much looking forward to the new book. Chris explains the motivation behind his new book. He wants to reshape society’s view of the aging population. [4:54] Marc agrees that we are aging very differently than our parents did. A lot of folks are now dealing with their parents and their kids. It’s a different world. [5:20] We have very powerful stereotypes about the stages of life. What strikes Chris is that people lose their jobs or quit their jobs all the time. You may have kids and parents in your care. Even if your kids are launched, you’re always a parent. [6:01] So we have this simple idea of how life evolves. Chris says, life is just a lot of ups, downs, twists, and turns and part of this rethinking of aging is just being much more realistic. If you are caregiving in your twenties for a baby, you’ll also be caregiving in your fifties for your aging parents. [6:29] In Marc’s online community, there are a bunch of people in their late 60s, primarily guys, who still have kids in college, mainly because the Vietnam War era draft made people delay getting married and having kids. This means they have obligations to worry about that younger Boomers don’t have. [7:18] Chris shares stories from the chapter, “The Myth of Creative Decline.” He had seen Matisse at MoMA. He says Matisse was at the height of his creativity between the ages of 74 and 84. Bruce Springsteen is still performing and writing new songs in his 60s. [8:35] We’re beginning to realize that aging artists and performers are not just reliving their glory days, but creating new works of merit. The closer you look into the artistic community, you see so many people building on their experience and connecting their dots. Research shows we retain creativity in our own fields through our senior years. [9:34] It’s fundamentally wrong to think creative abilities go away in the 60s and 70s. [9:59] Marc tells of a recent experience in Ajijic. They recently had an art walk with 90 artists. Three-quarters of them were expats from Canada and the U.S. Almost all of them took up art in their 60s. Marc was blown away. There were paintings and other media. Many of the artists had learned their art from YouTube videos. [10:48] Some took classes. Some went and studied with masters. They were able to do this in their 60s and 70s. [11:01] There is a stereotype that people, as they age, do not adjust to new technology. The Boomer generation has worked with the IBM Selectric, word processors, PCs, mobile phones, iPads, Facebook, YouTube. Boomers are not resistant to technology if it is worth learning for them. [12:22] Marc also notes that expats are by nature risk-takers, which extends to all areas of life including technology. [12:48] Why are Boomers ideally suited to be entrepreneurs? His definition of entrepreneur includes self-employed. Chris notes that people in their 60s and 70s are better-educated than previous generations. Technology has really lowered the cost of starting a business. The office is your home or an inexpensive co-sharing workspace. [14:20] Now, to start a business, you don’t drain your 401(k) or risk your retirement savings. (Don’t do that.) People are starting bootstrap businesses and marketing online. [14:53] Chris mentions a story from Keith Richards’s autobiography, Life. When the Rolling Stones taped in London in the 1960s, studio time was so expensive that they recorded for half-an-hour. That was what they could afford. Today, for $2,000, somebody can have a beautiful studio in their garage. [15:24] Entrepreneurship/self-employment, with the artisan/lifestyle economy, finding yourself an artisan/craft niche, is really exciting. It doesn’t take a lot of risk and it tends to allow for meaning, having fun, enjoyment, and a paycheck. [15:49] Marc explains his recording setup in his closet in Mexico, padded with a sheet, a $60 microphone plugged into his MacBook Air, recording on Piezo for Mac for $19, and editing using Audacity, which is free. Ten years ago, this would not have been possible at this price. [16:47] Young people are entering the tech industry on a shoestring. They want to build their first product, sell it, and go on to the next thing. Chris also notes that Boomer parents are going into business with their Millennial and Gen-X children. The parents have the experience and capital, and the children have savvy and hustle. [18:27] Eventually the younger generation will inherit the business. Marc has had clients who have talked about this. The relationships Boomers have with their children is different than the relationships Boomers had with their parents. Marc tells an anecdote on his co-author Susan Lahey and her children. [19:55] Chris says the multi-generational workplace is really underestimated. There is a consulting industry now, discrediting the benefits of four generations in one workspace. Chris objects to that. [20:23] IBM did some good research surveying four generations. They found the generations shared a lot of values. All people want autonomy to exercise creativity. They want to be a valued member of a team and be treated with respect. They would like opportunities for advancement. Life experiences are different but not work values. [21:22] The experienced worker brings an ability to connect the dots and tends to be calmer in a crisis and more deliberate when things are tense. There are crises in every organization. The younger ones bring energy, knowledge, and skill to the team but they don’t have that well of experience to draw on. [22:06] When you bring the older and younger worker together it’s a very productive unit. The experienced worker also transfers intangible knowledge about process and procedure, that would never be written down in the organizational book. [22:39] Marc recalls teaching at IBM 20 years ago about problem determination. He knew that if you have seen a problem in the same area before, you will solve it faster the next time. You can’t fake experience. You can’t speed it up. You just have to get it. [23:04] Experience doesn’t mean you’re stuck in your ways. Or clinging to how it was down before. It’s about being able to connect the dots between what you’ve seen before and what is the situation now. The younger people are bringing new twists to the table — something to try a little differently. [23:33] Multi-generational teams should be encouraged. Chris would like to see more organizations doing that. [23:42] Marc is running a multi-generational workplace workshop in March, and you can listen to it in these three episodes: 111, 112, and 113. The generations echo back and forth in their behaviors. We either do as our parents told us or the exact opposite of it. [24:20] Chris gives great examples in his book but there are barriers. Marc puts health insurance before age 65 at the top of the list, which was why he moved to Mexico. Social Security is next. What has to change in the U.S.? [24:43] The Affordable Care Act was trying to address the needs of the most vulnerable population from 50 to 65. Medicare at 65 solves the problem for older people. Medicaid helps lower-income people. [24:59] If you lose your job after 50, you may find a new job, but it may be at a small business that doesn’t offer health insurance. [25:44] Chris is frustrated that instead of trying to correct the flaws in the ACA, it is tied up in Congressional battles. Chris would like to see it repaired. [26:55] Marc and his wife spent $25,000 in 2017 on health insurance and healthcare and didn’t reach their deductible. Marc could afford it but wasn’t pleased. Now they are in Mexico. Mrs. Miller is a retired RN and she has been thrilled with the healthcare she has received from multiple care providers. All told, she spent $150 without insurance. [27:35] Chris asserts that we do not have the best healthcare system in the world. [27:50] What will it take to fix Social Security? Chris says it is more manageable than healthcare. Healthcare has so many problems that somebody is going to have to pay to fix. [28:59] Chris says Social Security is “America’s retirement plan.” What we’re going to do is raise taxes to pay for it. Too many people are dependent on it. Congress should shore up the finances of Social Security and eventually, they will. Whether you’re a Republican or a Democrat, 80% of Americans want Social Security to be strong; we need to fix it. [30:06] Existing 401(k)s are not effective for most Americans. [30:41] We underestimate the importance of time. Today, a two-income couple is working about 25% more than our peers did in 1968. There is also pressure to keep up with technology, eat healthy, exercise, floss, and have a social life, and manage your money smartly over the next 30 years, and manage your healthcare until age 65. [31:40] The average person can’t do it all and manage their retirement savings. Chris says, for most people, it makes no sense to do it themselves. [31:55] Marc tells about doing his income taxes for 2017, digging through the insurance portal for information, and he was super confused — and he’s a really smart guy! What does the average person do? [32:36] What about folks who can’t be entrepreneurs? Chris calls entrepreneurs the leading edge of social change. Not everybody is an entrepreneur. The bulk of Boomers are going for part-time work, flexible jobs, encore careers, not-for-profit jobs, education, social services, and other services. [33:48] The question is, “What do I want to do next?” It will take experimentation to figure it out. Don’t think of yourself as a job title or an occupation. What are your skills and what can you really do? Chris tells a case study of a teacher skilled at dealing with different constituencies. She became involved in an economic development committee. [35:08] Marc asks about a woman from Chris’s podcast who got certified by a quilting company as a teacher to teach quilting around the country. The ROI numbers worked out to do it. She can travel the country at her will for an income. [37:11] Marc sees from his online community that everyone need their horizon broadened. There are incredible new possibilities. [37:22] Chris has two final points. Have the attitude that this moment of life — whether in your 50s, 60s, or 70s — is a moment of opportunity. Be engaged. Find something that gives you meaning and money; purpose and a paycheck. That is an exciting venture. Write your own narrative, not the way the dominant society would write it for you. [38:11] On the practical level, what’s really important to exploit these opportunities is to know your most valuable asset — it’s the network of people that you’ve met over the years. Tap into it to broaden your horizons. They know you. What do they think you should be doing? [38:56] When you figure out what it is you want to do next, you’ll find that someone in your network is going to make the introduction that gets you that job or that opportunity that you’d like to explore. [39:20] You may email Chris at CFarrell@gmail.com and get his book on Amazon or at Target. [39:58] Marc thanks Chris for being on the Repurpose Your Career podcast. [40:05] Marc hopes you enjoyed this episode. Marc always enjoys talking with Chris as he is an evangelist for those of us in the second half of life. [40:14] Susan Lahey and Marc are working on the next edition of Repurpose Your Career, and Marc is looking for your help. Marc is forming a release team of readers who will get access to pre-release chapters of the book to provide feedback. [40:26] You can be part of this team by going to CareerPivot.com/RYCTeam where you can sign up. [40:34] When you sign up, you’ll receive the pre-release version of the chapters when they become available. What Marc asks in return is for you to provide feedback and be prepared to write a review on Amazon.com when the book is released. [40:47] The CareerPivot.com/Community website has become a valuable resource for almost 50 members who are participating in the Beta phase of this project. Marc is currently recruiting new members for the next cohort. [40:59] If you are interested in the endeavor and would like to be put on the waiting list, please go to CareerPivot.com/Community. When you sign up you’ll receive information about the community as it evolves. [41:13] Those in the initial cohorts will get to set the direction for this endeavor. This is a paid membership community with group coaching and special content. More importantly, it’s a community where you can seek help. Go to CareerPivot.com/Community to learn more. [41:37] Marc invites you to connect with him on LinkedIn.com/in/mrmiller. Just include in the connection request that you heard Marc on this podcast. You can look for Career Pivot on Facebook, LinkedIn, or @CareerPivot on Twitter. [42:00] Please come back next week, when Marc will interview Ashton Applewhite, author of This Chair Rocks: A Manifesto Against Ageism. [42:09] Marc thanks you for listening to the Repurpose Your Career podcast. [42:14] You will find the show notes for this episode at CareerPivot.com/episode-117. [42:23] Please hop over to CareerPivot.com and subscribe to get updates on this podcast and all the other happenings at Career Pivot. You can also subscribe to the podcast on iTunes, Stitcher, the Google Podcasts app, Podbean, the Overcast app, or the Spotify app.

Award-winning journalist Chris Farrell writes and talks about financial management and the economy, for places like Marketplace Money, Bloomberg, the Minneapolis StarTribune and Minnesota Public Radio. In this episode, he focuses particularly on his book, “Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community and the Good Life.” The book has been hailed as a breath of fresh air, after years of gloomy reports that Baby Boomers were about to bleed America dry. Chris reports that retirement isn’t what it used to be, and that many older people are actually bolstering the economy by continuing to work, by starting new businesses and by volunteering vital services.

Hannah Morgan is a speaker, author, and founder of CareerSherpa.net. She serves as a guide to today’s job search, delivering no-nonsense, actionable advice for job seekers. Hannah’s experience in human resources, outplacement services, workplace development, and career services equip her with a 360-degree perspective of job search topics.Recognized by media and career professionals as an advocate for job seekers, Hannah speaks and writes about using social media, personal branding, and other modern strategies to help job seekers take control of their job search. Hannah is frequently quoted in local and national publications and she writes a weekly column for the U.S. News & World Report. Hannah is the author of The Infographic Resume.Listen in for trends in job search you need to know.   Key Takeaways: [:44] Marc welcomes you to the episode and announces the download numbers for January. They are almost double the numbers of three months ago. He appreciates the great feedback from listeners and hopes to continue to meet your expectations of a podcast that inspires. [1:20] Marc has lined up a travel blogger and hopes to interview the owners of Collworks.com, a website that connects people with work in parks and great outdoor destinations. Marc is working on a number of other great guests. [1:50] If you enjoy this podcast, Marc invites you to share it with friends, subscribe to it at CareerPivot.com or iTunes, share it on social media, and tell your neighbors and colleagues. [2:13] Marc gives an overview of the podcast series. This month the series will be out of the normal order. Last week Marc interviewed Camille Knight, a logical creative who married her love for data and creativity into making beautiful Tableau dashboards for executives. She transitioned in her fifties. [2:40] Next episode is an interview with an expert. That is usually the first episode of the series. This week, Marc will interview Hannah Morgan of Career Sherpa fame. Hannah started in the career space right before the Great Recession. Marc will interview her about job searching in 2007, in the present day, and about her projections for 2028. [3:10] The third in the series is a topic of Marc’s choosing. He is thinking about an episode about FOMO or fear of missing out. This affects Marc and other people about to make a major change. Marc’s major change is his planned move to Mexico. [3:29] The last episode in the series is the Mailbag episode where he answers listener’s questions with Elizabeth Rabaey. Last week’s episode was the Mailbag. [3:34] Marc introduces the episode and reads Hannah’s bio. [4:40] Marc welcomes Hannah. She calls herself an introvert who loves nothing better than just hanging out by herself at home, or carting one of her two teenage sons to Lacrosse, football, or other sports-related activity. [6:12] Hannah started in the career business over a decade ago. Marc ‘rewinds time’ to 2007 to ask about job search then. There was no LinkedIn. Networks were the focus and job seekers had to rely on often out-of-date email addresses and phone numbers to build networks. It was almost impossible to find the names of people in companies. [7:27] Networking was incredibly different. There were still a lot of jobs being posted in the newspaper. People were still sending resumes by hard copy or fax. Marc remembers faxing resumes. [8:14] We really have seen a lot of change since 2007, making things better and easier for job search. Job seekers used to bring 20 copies of their resume to a job fair. A lot of money was spent on good resume paper with matching envelopes. Then there were printing, word processing, and typesetting costs. [9:21] Marc talks about joining LinkedIn in 2006 and working with Indeed and Jobvite. Things have changed in twelve years, and where you are in the country impacts how quickly local companies embraced the changes in recruiting methods. In some areas, until a few years ago, you may have been emailing your resume to individual people. [10:52] Marc jumps forward to 2018. What has changed? At the end of 2017 and early in 2018 a couple of things changed. We’re starting to see the job market be in the job seeker’s favor because of the extremely low unemployment. Employers are doing more to attract candidates. They are putting job centers on their websites. [12:37] The majority of job seeker and companies have embraced LinkedIn as the primary spot to be seen and found. Applicant tracking systems are everywhere. Companies are realizing the value of company employee referrals. [13:18] Marc recalls the interview with Gary O’Neal (in Episode 58) and the anecdote about a company with 1,300 resumes in their tracking system, all of which were being ignored. People were hired by emailed resumes and referrals. [14:33] Some companies are implementing chatbots that will make it easier for people to get through the application process. [15:44] Some of the biggest problems in hiring today are inadequate screening processes for applicants and resumes, so a lot of good people don’t make the cut, there’s a communication gap, where job seekers don’t know how to prove to employers they have what the employer is seeking. [16:49] The resume is the primary document, even on LinkedIn. In order for your resume to be attractive to an employer, they have to understand what you’re talking about. Candidates have not been taught how to write a good resume or promote themselves. [17:41] Employers don’t know how to write accurate job descriptions. They ask for everything, whether they need it or not. They also don’t know how to write about salary. There’s a lot of salary information on the internet, and much of it is GIGO. Garbage in, garbage out. [19:50] Job titles are meaningless now. Titles vary from company to company. LinkedIn just published their most promising jobs for 2018. The top job is Engagement Manager. Would you know what that job is? It could be a few different things. What about Customer Success Manager? It depends on the company. [22:17] Marc has a client who wants to move from consultant to employee, for insurance benefits. Marc suggests he look on LinkedIn for people with specific job titles and ask them what they do. [22:54] Hannah tells job seekers that everyone in a job transition is looking for a new career. The job they had at their last company no longer exists. It requires a major shift in thinking. It’s really about getting good at talking about the things that you did well. Marc has clients whose jobs disappeared in under five years. [24:20] Marc had a director-level job seeker in engineering interviewing at a company similar to his previous employer but they couldn’t understand each other as they were using different terminologies. He didn’t get the job. Learn the language of your target company. [25:26] Hannah would like employers to do more to simplify their recruiting language, and explaining their recruitment process to applicants. [26:28] Marc jumps forward to the year 2028 and asks what has changed? Hannah predicts that will still be a lot of job seeking and hiring, and there will still be a large communication gap between employers and candidates. [27:05] Hannah hopes that changing jobs will have become easier by candidates building relationships with companies before jobs become open. This could be done with an online talent pipeline. The companies could provide ambassadors to the online communities. [28:07] Hannah suggests the resume should be replaced with a simple chronological work history. From that and the conversations and some other form of evaluation will be the interview process. [29:37] The career lattice is the new norm. The career ladder is out. People don’t always want to be a boss, they may want a different challenge, and they go from place to place in the company or outside. Companies that only want a ladder climber may be eliminating good candidates. More and more people are moving laterally. [30:44] The gig economy has been growing. It allows additional freedom to do things that would have been hard to do in a company. The only problem is health benefits tied to employers. To keep our economy growing, we have to allow people flexibility. [33:03] Marc refers to Unretirement, by Chris Farrell, and the looming worker shortage as Boomers retire. Employers will have to bring back older workers. HR departments have a natural bias against flexibility for older workers. [36:01] Boomers want to stay employed another five or ten years, maybe for less money and more flexibility. Millennials are the next largest group. They don’t want 9-to-5 jobs. Employers are going to have to listen to their largest employee groups and provide flexibility. [36:46] Marc talks about moving to Mexico, and the tax implications. He has done a lot of research. He is taking his job virtually. [37:18] Marc jumps back to 2018. What is the most important thought from this conversation? Hannah says that change is the norm. We all have to adapt and understand change and be willing to flex. Understand where you fit in today’s world of work, what you want, and what you are good at doing. Find a way to use that. [38:58] Marc’s last thought. He likes Hannah’s comment that change is the new norm. We all have to stay nimble. Think about that. [39:29] The Career Pivot community website is alive and in production. This is the only online community anywhere in the world focused on job seekers in the second half of life. Marc is now soliciting people for the third cohort. Join the waiting list at the link. [40:54] Check back next week when Marc discusses FOMO and how it’s affecting his thinking.   Mentioned in This Episode: Careerpivot.com CoolWorks.com CareerSherpa.net U.S. News & World Report — Hannah Morgan The Infographic Resume: How to Create a Visual Portfolio that Showcases Your Skills and Lands the Job, by Hannah Morgan LinkedIn Indeed Jobvite AustinHR Gary O’Neal on Episode 58 Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life, by Chris Farrell Email Hannah at HMorgan@CareerSherpa.net Please pick up a copy of Repurpose Your Career: A Practical Guide for the 2nd Half of Life, by Marc Miller and Susan Lahey. The paperback, ebook, and audiobook formats are available now. When you have completed reading the book, Marc would very much appreciate your leaving an honest review on Amazon.com. The audio version of the book is now available on iTunes, Audible, and Amazon. Marc will be giving away one or more free copies of the audio version — follow his directions in this episode. Marc has the paid membership community running on the CareerPivot.com website. The website is alive and in production. Marc is contacting people on the waitlist. Sign up for the waitlist at CareerPivot.com/Community. Marc has two initial cohorts of 10 members in the second half of life and they are guiding him on what to build. He is looking for individuals who are motivated to take action and give Marc input on what he should produce next. He’s currently working on LinkedIn and blogging training. The next topic will be business formation. Groups will be brought in 10 at a time. This is a paid membership community where Marc will offer group coaching, special content, and a community where you can seek help. Please take a moment — go to iTunes, Stitcher, Google Play, or Spotify through the Spotify app. Give this podcast an honest review and subscribe! If you’re not sure how to leave a review, please go to CareerPivot.com/review, and read the detailed instructions there. Email Marc at Podcast@CareerPivot.com. Contact Marc, and ask questions at Careerpivot.com/contact-me CareerPivot.com/Episode-65 Show Notes for this episode. You can find Show Notes at Careerpivot.com/repurpose-career-podcast. To subscribe from an iPhone: CareerPivot.com/iTunes To subscribe from an Android: CareerPivot.com/Android Careerpivot.com

Nancy Collamer is a semi-retirement expert, and author of Second-Act Careers: 50+ Ways to Profit from Your Passions During Semi-Retirement. She writes a bi-monthly blog on work and purpose for NextAvenue.org and Forbes.com and publishes a free newsletter about second-act careers through her website, MyLifestyleCareer.com. In private practice since 1996, Nancy holds an MS in Career Development from the College of New Rochelle and a BA in Psychology from the University of North Carolina at Chapel Hill. Listen in for advice on preparing yourself for your semi-retirement opportunities.   Key Takeaways: [1:07] The audio version of Repurpose Your Career: A Practical Guide for the 2nd Half of Life is available now on iTunes, Audible, and Amazon. Listen to the end of this episode for how to win a free copy of the audiobook. Marc will give away one copy a week for one month. [1:41] In this episode, Mard interviews Nancy Collamer, semi-retirement expert and author of Second-Act Careers: 50+ Ways to Profit from Your Passions During Semi-Retirement. Next is an episode with a late-life career pivoter. The third in the series is a topic of Marc’s choice. The last in the series is the Q&A episode. [3:18] Marc introduces Nancy. Nancy really loves her free time. She has a lot of interests outside of work, including family, volunteer work, and hiking. She loves her job because she feels so strongly about people having a holistic, balanced life, with the time to pursue other interests. [4:50] Nancy is passionate about second-act careers. There are problems with being older and working but there is so much opportunity for people after they retire to have the chance to do what they want to do professionally with the flexibility of time for all their other interests and to find that mix that they didn’t have in their full-time careers. [5:38] Nancy enjoys getting this important information out there to folks. Marc hears from his online community that they are surprised by their options for work. It can be hard to imagine the possibilities and think outside the box. Nancy’s retired brother-in-law never thought about other possibilities after a long career at one company. [7:22] Nancy sees two beneficial trends for Boomers: first, the exploding growth in the gig economy, including working through a temp agency, taking on project work, or creating a side business, and second, the graying of the workplace. [9:18] Marc’s online community informs him that people want freedom over their work — when, how much, and where — and at some point in the job economy companies will have to hire older workers. Nancy just wrote an article with seven ways employers can make the workplace more accommodating for older workers. [10:50] Marc tells about Nomadland and how the semi-retired in trailers are being taken advantage of by certain industries. [11:14] People have a hard time knowing what they should do in semi-retirement. Nancy gives a few tips. Disregard sunk costs. Do you still enjoy it; do you feel like your adding value? It may just be certain elements of your job you want to walk away from. What did you like? You might find a part-time position in a better environment. [15:05] Marc’s periodontist sold his practice, stayed on as an employee of the new owner, and can work as little or much as he wants. [16:23] Your area of expertise is where you are best known in your largest professional network of contacts. It’s where you have your greatest income potential. Explore it before you move on to other options. [17:11] Most people build on a piece of what they did before. Nancy gives examples. [19:05] Most employees are branded by their business skill set and their expertise in their industry. It’s usually easy to trade one, not both, in one pivot. Nancy talks about a Microsoft marketer’s pivot. He transitioned to a magician for events and did marketing for magicians who had no marketing acumen of their own. [21:45] Nancy sees opportunities for people over 50 in the gig economy and using the internet for working from home. She uses herself as an example, interviewing online. A vice-president retired and became a dog-sitter and dog-walker on Rover.com. [23:46] Marc uses the example of a three-way international Zoom call he joined on his iPhone from Mexico. [25:44] Surround yourself with second-act inspiration. You will be excited about the possibilities. [26:33] Marc will give away one or more copies of the audio version of his book if you will follow the instructions he gives in this episode. Listen for details. [27:24] Marc is contacting people on the waiting list for the online community of the CareerPivot.com website. To be put on the waiting list, please go to CareerPivot.com/Community. Marc is looking for individuals who are motivated to take action will give input on what they want to see next in the community.   Mentioned in This Episode: Careerpivot.com Repurpose Your Career: A Practical Guide for the 2nd Half of Life, by Marc Miller and Susan Lahey The paperback, ebook, and audio versions are available now. Second-Act Careers: 50+ Ways to Profit from Your Passions During Semi-Retirement, by Nancy Collamer NextAvenue.org College of New Rochelle The University of North Carolina at Chapel Hill MyLifestyleCareer.com Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life, by Chris Farrell “7 Ways Employers Can Support Older Workers and Job Seekers,” by Nancy Collamer Nomadland: Surviving America in the Twenty-First Century, by Jessica Bruder Rover.com Show Notes at Careerpivot.com/repurpose-career-podcast Please pick up a copy of Repurpose Your Career: A Practical Guide for the 2nd Half of Life, by Marc Miller and Susan Lahey. The paperback, ebook, and audiobook formats are available now. When you have completed reading the book, Marc would very much appreciate your leaving an honest review on Amazon.com. Marc has a prototype running of the paid membership community of the CareerPivot.com website. Marc has an initial cohort of 10 members helping him. Marc has opened a waitlist. Sign up at CareerPivot.com/Community. Please take a moment — go to iTunes, Stitcher, or Google Play. Give this podcast an honest review and subscribe! If you’re not sure how to leave a review, please go to CareerPivot.com/review, and read the detailed instructions there. Email Marc at Podcast@CareerPivot.com. Contact Marc, and ask questions at Careerpivot.com/contact-me CareerPivot.com/Episode-60 Show Notes for this episode. You can find Show Notes at Careerpivot.com/repurpose-career-podcast. To subscribe from an iPhone: CareerPivot.com/iTunes To subscribe from an Android: CareerPivot.com/Android Careerpivot.com

How will you identify yourself in your third act?  This could last 30+ years. Will you be identified as “Retired” on your LinkedIn profile and social media? Personal branding is not just for the working baby boomer. It will help protect your on line reputation. Your personal brand will move you along to your evolving self. Show Notes and approximate times. 2:50- You have a personal brand whether you like it or not. 3:04- What Jeff Bezos says about personal brands. 3:38- FaceBook is a publishing machine. 3:56- It is now more costly to remove data (reputation) than add more storage              (branding). 4:48- Your opportunity to do good extends far past your neighborhood. 5:30- What are the components of a brand? 5:45- You need to control your brand. Killer example of how a DUI was the first              thing that showed in search for a client. 6:30- What do you want to be known for? 7:30- What non-profits want. 8:06- Manage and control the brand. 8:15- Example of how someone changed their personal brand to get into the smart          grid. 9:20- Do baby boomers know enough to change their personal brand? 10:09- We were growing and developing at 25, but did we really know ourselves?              We morphed our roles to do what we had to. 11:25- Brilliant example of re-branding. 14:00- If you do not manage your personal brand, someone else will. 15:15- Own your personal URL. Buy your grandkids their personal URL. 16:00 Examples of expanded branding. 16:30- Self publishing to promote your brand and build credentials. 17:54- Re-branding for those not doing anything. His observations. 19:30- You have a 50% chance living until 90. What are you going to do all those              years? 20:07- The One Hundred Year Life. We expected 3 stages of life. We now have                  3.5-4 stages. 21:30- Longevity data. IBM example. 23:50- Part of your personal brand is to put you in the position to get what you                need. 24:50- If working, how to begin creating your new brand. 26:30- Certification to make quilts and teach. 27:15- How someone not working created a new brand and became train engineer            and drone pilot. 30:30- What you should first do when determining how to brand yourself. 32:45- Know thy self. 33:00 - Are there reliable statistics for baby boomer financial health? 33:57- Marc’s music and Austin tales. 35:30- Death and Dying - a excellent story of how a friend died. 36:04- Life pivots and moments of clarity. 39:20- How should we expect  work and life to look in our 60’s, 70’s, and beyond? 40:52- What skill do you want to continue to use, and which ones will you leave                behind?  Talents vs. Skills. Know the difference. 42:00- About Larry Byrd. 42:30- Burnout occurs when you over use skills not tied to your innate talent. 43:00- Go back to your child hood. Be clear on skills and talent. 44:22- Go back to your moments of clarity, both good and bad.   Resources Marc Miller - marc@careerpivot.com Twitter : @CareerPivot (512) 693-7132 www.CareerPivot.com is on the Forbes Top 100 Career Websites. Personal Branding for Baby Boomers – What It Is, How to Manage It, and Why It’s No Longer Optional.   Repurpose Your Career – A Practical Guide for Baby Boomers.   The 100 Year Life  UnRetirement - How Baby Boomers are changing the way we think.  Chris Farrel h   Music Simon and Garfunkel - Mrs. Robinson   Dire Straits - I want my MTV/ Sultans of Swing with Sting.   Get your copy of The Boomer Manifesto here. And thanks for telling your baby boomer friends and sharing on FaceBook.   Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

In this episode, Marc interviews Chris Farrell, Senior Economics Contributor at Marketplace, American Public Media’s nationally syndicated public radio business and economics program. He is the economics commentator for Minnesota Public Radio, and host of its series, Conversations on the Creative Economy. An award winning journalist, Chris is a columnist for Next Avenue, and the Star Tribune, and a contributor to the New York Times. His most recent book is Unretirement: How Baby Boomers Are Changing the Way We Think About Work, Community, and the Good Life. Marc and Chris discuss several topics, including the ageing of the population, and why that’s not such a bad thing; aspects of entrepreneurship; and that living longer, means working longer.   Key Takeaways: [2:14] For 25 years the personal finance conversation has been on saving for retirement, and the ageing of the Baby Boomers. The economy conversation has been demographics -- the ageing of the population. [2:41] Both conversations were negative -- Baby Boomers weren’t saving enough to support themselves in retirement; and there will be too many elders supported by too few young people, and that will undermine the economy. [3:15] There is a whole body of economic work that says this negative view probably isn’t right. Unretirement was written to give this perspective a voice. [6:03] As an entrepreneur, you control your hours. You are the boss. You make less money. Benefits are more expensive. Yet, all the surveys show that the self-employed and the small entrepreneur are happier than their peers of the same age. [6:20] Marc cites The End of Jobs, by Taylor Pearson. Written for Millennials, it’s an important book for Baby Boomers, who face the same life and job questions. [9:17] Pat Flynn’s book, Will it Fly? helps guide entrepreneurs on how to test markets for their products and services. [10:25] Some Boomers may consider the nonprofit sector. Volunteering is a good way to find if you are interested in that cause, and if you want to work for that organization. Inside the organization you’ll hear about job openings, and you can network.  [14:43] Unretirement is based on the idea that we are going to work longer. What are the personal finance implications of working longer? [17:08] If you combine working longer with a natural frugality -- having more experiences, like eating out, and getting fewer things, like new cars -- your finances will be pretty good. [19:23] One problem with planning to work into your 70s is that your own health, or the health of your spouse, or a parent, may prevent you from continuing the same hours. Entrepreneurship may be an answer. [23:42] Some companies have made adjustments to the ageing workforce. They have strong incentive to keep skilled manufacturing employees on the payroll longer. [26:35] When transitioning, look for people of your demographic. Where are they working?   Mentioned in This Episode: Careerpivot.com Contact Marc, and ask questions at: Careerpivot.com/contact-me Contact Chris: CFarrell@MPR.org Listen to Chris on MPR Read Chris at nextavenue.org Star Tribune New York Times Repurpose Your Career: A Practical Guide for Baby Boomers, by Marc Miller and Susan Lahey Personal Branding for Baby Boomers: What It Is, How to Manage It, and Why It's No Longer Optional, by Marc Miller. Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life, by Chris Farrell The End of Jobs: Money, Meaning and Freedom Without the 9-to-5, by Taylor Pearson   Take a moment -- go to iTunes. Give this podcast a review!

Scott and Pat speak with Chris Farrell, economics editor for Marketplace Money and author of Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life. Scott and Pat also discuss rising interest rates and how that may affect your retirement. Next, they talk to a caller who’s worried about having enough money to retire. Lastly, they interview one of Hanson McClain’s longest-tenured advisors, Dave Cox, about an interesting client experience he had.   Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.  Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.  

Chris Farrell, author of Unretirement:How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life explores the positive impact baby boomers are having on the economy (as well as their individual health and happiness) by working just a little bit longer than predicted in the old retirement model.

Maria speaks withChris Farrell, the Chief economics correspondent for American Public Medias daily radio program, Marketplace about his new book, Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life