Encore. Second acts for retirees.

facebooktwitterlinkedinby featherretirement_roadMarc Freedman is CEO and founder of Encore.org (formerly Civic Ventures). He spearheaded the creation of Experience Corps (now AARP Experience Corps), mobilizing Americans over 55 to improve the education of low-income children, and The Purpose Prize, an annual $100,000 award for social innovators in the second half of life. According to his web site and quoted by NPR, the Purpose PrizeR is kind of MacArthur ‘genius award’ for retirees.” This is a great resource  for those that want to retire, or who are already retired.

In October I posted- Retire. Are you done yet.  Here’s an excerpt:
Before the 1880’s, there was no institutionalized concept of retirement. Then in 1889, German Chancellor Otto Von Bismarck invented retirement when he announced that he would pay a government pension to all non working Germans after they reached 70 years of age. Bismarck wasn’t trying to spread goodwill, but rather stave off the expansion of socialism in Germany. The retirement age was later lowered to 65, but no one really benefited because life expectancy during that time was about 46 years.

Unfortunately, the mindset of retiring hasn’t changed much. The result for many retirees unfortunately may be lack of purpose. Which actually can be dangerous to your physical health. As stated in  (Source-HealthDay News) — Another study finds that having a sense of meaning and purpose in your life might do more than just give you focus — it might help you live longer, too. What I like about the site is that it caters to real problem for retirees. As the Purpose Prize states, keeping your purpose. Many retirees would do well reviewing some of the material, and reading Marc Freedman book  The Big Shift: Navigating the New Stage Beyond Midlife,  My advice- Don’t retire “from” something. Retire “to” something else.

Written by Jaimie Blackman

Jaimie Blackman

Jaimie Blackman — a former music educator & retailer— is a Certified Wealth Strategist & Succession Planner. Jaimie helps business owners maximize the value of their company through education & coaching. He is a frequent speaker at the National Association of Music Merchants, (NAMM) Idea Center and has spoken at Yamaha’s succession advantage.

As a financial literacy educator he has taught at New York University and has lectured at the 92nd Street Y, Marymount Manhattan College and CUNY.

His column is published in The Music & Sound Retailer and contributes to NAMM U online, as well as other industry trade magazines.

Jaimie is CEO of Jaimie Blackman & Company, President of BH Wealth Management, and Creator of MoneyCapsules® and the Sound of Money®.

To register for Jaimie’s live webinars, or to subscribe to his podcasts, visit jaimieblackman.com.

The purpose of this post is to educate. Our content should not be construed as advice. If legal, tax or other advice is required by the readers, professional advice should be sought.

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