Many baby boomers are reinventing themselves. Few grasp the idea of “retirement.” According to a MetLife-Civic Ventures survey in 2005, “half of all Americans between 50 and 70 are interested in finding jobs to help improve the quality of life in their communities, most often in education and social services.” Boomers, who in their youth revolutionized just about everything because of their sheer numbers, are now set to redefine retirement. Although, many boomers are paying the price for enjoying life without saving for the future, others take the optimistic view that when one door closes, another opens!
So, too many boomers ignored or underestimated the worsening outlook for their finances. So, traditional pension plans are disappearing. So, reliance on stocks in retirement plans is greater than ever. So, many retirees banked on their homes as their retirement fund. Many boomers are saying, ok, so what. Let’s see what we can do about that; I know, I’ll make the most of this and do something else with my life – and, still make a difference. In a recent “Perception of Boomers poll, 60% of adults surveyed ages 54-65+ plan to reinvent themselves into second and more fulfilling careers. Boomers are not retiring quietly. They’re still revolutionaries at 65!
Our generation of ageless and productive boomers is determined to continue to enjoy the rest of their longevity road. Many baby boomers use their previous profession as a platform for new work life. Others use their passion as a springboard for a meaningful second act. Uberboomer, Doris Gallan, and her husband left high paying corporate jobs and embarked on completely new and satisfying lives! One such upper phenomenal did just that!
Boomers are making career changes that foster a sense of personal and social renewal. Many in the boomer generation who were out to change the world in the ‘60s, are now looking for ways to improve it. Boomers live well by doing good like Michael Weas of Habihut – a little startup with a big dream. Some boomers merge paid work and a volunteer life. Other boomers opt for a kind of third stage where they volunteer, mentor and life coach as a way to give back.
If you are a reinvention story or know of one, please let us know so we can share more upbeat news with our baby boomer friends.