Re-imagining Retirement: New Trends

Sharon Rolph

I have spent the major part of seven months this year driving for Lyft to cover the investment I made to inspire possibilities and purpose in retirees through my podcasts. I love unique moments and asking good questions; I’ve experienced both many times over with my Lyft riders.  How richly rewarding it’s been!

Now, according to this recent Next Avenue article, a website for 50+, Medicare may help with rideshare costs in 2020.  Some Medicare Advantage plans in 2020 will expand covered benefits for limited personal support services, such as non-medical transportation. One reason is to offer more flexibility for those managing chronic illness and another is enabling the social aspect of living, decreasing isolation and improving the quality of life perception.

More new trends were in profiled last month by Richard Eisenberg, managing editor of Next Avenue and sponsored by PBS, at the third annual Retirement Coaches Association conference.

The four key trends he sees are:

  1. Goodbye Pensions – Hello 401K, IRA or zero. A study shows 51% need to catch up on savings.
  2. Working in retirement: part-time, consulting, start a business, gig economy jobs, and phased-retirement. Paul Rupert’s company is transforming the trajectory of work and retirement to serve all ages; see his website www.respectfulexits.org. Also see DisruptHR.co.

                                                                   i.      The companies offering phased retirement is up to 20% but needs to grow a lot.

                                                                  ii.      Author of having a rich mid-life of self-employment is Kerry Hannon

                                                                  iii.     Get inspired at www.secondactstories.org by Andy Levine

  3. The Housing Question – Should I Stay or Should I go? Should I downsize nearby? Re-nesting near the kids? Home Sharing – the Golden Girls’ Model.
  4. Debt, Debt and more Debt – The Hidden Retirement Crisis.

The 3 H’s of Opportunity

  1. Help holistically – not jumping from ‘Go’ to ‘Stop’ overnight but transition over time, what do you want to get out of this period of life? See Robert Pascale’s book: The Retirement Maze.
  2. Help to switch fields or start a business – seattle.SCORE.org
  3. Help to find meaning and purpose – the Vitality Arts special report may get you started: www.nextavenue.org/in-motion-next-avenue-photo-exhibit and a retirement coach.

Lastly, Richard spoke of the Advocacy work to be done in community policies in zoning, transportation and age-friendly city projects to help transform life as we age. Be an advocate for our aging parents’ with their health care providers.  Advocacy is needed for solo-agers and elder orphans who often don’t have extended family support due to distance or no adult children; having reliable contacts and help to cope with decisions are helpful.

This article today is more a timely resource with facts rather than making a point. But still has things to think about. The conference seemed to integrate the many various activities and voices of retirement coaches. I believe it’s signaling a coming cohesion of a cultural message that will help extend our years with meaning, purpose, quality and contribution.

I am a retirement coach and my website is EffortlessVitality.org. As I prepare to launch my re-branded podcast, I will be a guest on www.TheDrPatShow.com and KKNW 1150 AM at 11 AM on Thursday, Oct. 24. Then the Fresh Courage podcast starts on Oct. 28 at noon on Transformational Talk Radio www.transformationtalkradio.com). Sponsors are welcome.

— By Sharon Rolph

One Reply to “Re-imagining Retirement: New Trends”

  1. Keeping active is so important. I just turned 70 and took up jogging again. I look longingly at those sharp-looking kids’ bicycles. — since I am now two inches shorter, maybe I’ll get one…. Why not? No need for a taxi —. not yet!☮️

    Ignored

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