Disrupt Aging: Expert Tips To Stay Wealthy, Wise and Connected

life after 50, over 50, retirement, baby boomer women, baby boomers

If you knew you were going to live to 100, what would you do differently today?

In my last blog post, I introduced this question and provided some reflections from the 2018 AARP Disrupt Aging: The Implications of Living 100 Forum. As promised, this week I’m going to share tips from some of the experts who spoke about changing the way we earn and learn.

Changing the Way We Earn
“The only time I hear people talk about God and money is when they say ‘God, I wish I had more money’,” said Suze Orman, The World’s Personal Finance Expert.

Suze Orman; disrupt aging; #live100

Wealth expert Suze Orman focused on managing finances to live to 100.

According to Employee Benefit Research Institute 2016 stats, 41% of American households headed by people 55-64 have no retirement assets.

Maybe that’s why Suze hit hard on the importance of saving for old age: “At 25, if you put away $100 a month until 65, you can have $1 million at 65. If you start at 35 versus 25, you will net only $300,000 at 65.” At the same time she was adamant about paying down debt, especially credit card debt which has high interest rates.

“Money alone will never make you happy. But lack of money will make you miserable,” said Suze. Seeing her parents struggle financially made her want to become monetarily successful and help others become fiscally fit too. After working really hard and making lots of money, she retired two years ago at 65 and moved to a private island in the Bahamas. Sounds pretty successful to me? Continue reading

Living 100: How To Make The Most of Living A Longer Life

life after 50, over 50, retirement, baby boomer women, baby boomers“Current 10 year olds may age to be 104,” said Jo Anne Jenkins, CEO of AARP, as she kicked off a conversation about longevity at the 2018 AARP Disrupt Aging: The Implications of Living 100 Forum, powered by Forbes and held at the Newseum in Washington, D.C. last week. The event featured presentations with leading experts in health, tech, work and personal finance, education and policy to discuss one simple question:

If you knew you were going to live to 100,
what would you do differently today?

#disruptaging; AARP; Live 100; living to 100

Disrupt Aging: Implications of Living 100 Forum was held at the Newseum in D.C.

(Note: Be sure to read to the end of the post and enter the giveaway for a copy Jo Anne’s bestseller, Disrupt Aging.)

Implications of Living 100
With this overriding question, each speaker challenged us to shift how we think about our own aging and rethink how we earn, learn, connect, and live in the present. The facts and figures were staggering. Here goes:

In 1960, 9 percent of the U.S. population was over age 65. In 2060, that number will grow to 24 percent. “You’re either going to be a caregiver or need caregiving,” said Jo Anne. Ooh, ooh, ooh, I’ll be in the ‘need caregiving’ if I live that long and will be over 100! How about you?

By 2030, the first Boomers will turn 85, the first Gen Xers will turn 65, and the first Millennials will turn 50. Ooh, ooh, ooh, I’ll be in my early 70s and my kids will be in their 40s. How old will you be? 

#disruptaging; AARP; Live 100; living to 100; aging

How old will you be in 2030?

The 50 and over category is worth $15 trillion and $7.6 trillion of annual activity is done by post 50 people in the U.S. Wow-o-wow, we’re worth a lot and we’re sure active individuals!

75 percent of Boomers in the U.S. plan to work past 65, and many will have two, three and four different careers in their lifetime. Hmm, I started out as a magazine editor, then I went into public relations, then corporate communications. Now I’m a blogger and yoga instructor. Where are you on your career spectrum? Continue reading

It’s Time To Be Kind To Family Caregivers

life after 50, over 50, retirement, baby boomer women, baby boomers

November is National Family Caregivers Month, a time to be especially kind to those who care for aging family members. Many of those who are family caregivers are boomer women, sandwiched between the needs of their parents and their own kids. They give, give, give to loved ones, while often sacrificing their own needs.

The Life Of A Family Caregiver
I’m familiar with the life of a family caregiver. I was a caregiver to my late husband during his illness. For many months, I visited him in the hospital each evening, driving a long distance after a full day of work, then home to make dinner for my son, leaving little time to rest, and start the routine all over again.

Shortly after my husband died, my sister N and I became more active caregivers to my mom. We were grateful that mom lived on her own for most of her senior years. Yet when she became ill at 89 and we had to give care from afar (since mom lived in Florida and N and I lived in the northeast), it became quite difficult.  We decided it was best for mom to move into an assisted living environment where she would have the ongoing care she needed. As devoted daughters, moving my mom was a tough decision. We were glad mom thrived in her new home. She passed in her early 90s.

caregiving, life after 50, over 50, retirement, AARP, boomer women, baby boomer women

My sister N and I were caregivers to my mom until she passed away a few years ago.

Being a family caregiver is a major commitment. Many of my friends who have aging parents tell me of their challenges. When their dad falls and  breaks an ankle or hip, when their mom forgets to take her medicine due to dementia or Alzheimers, when they have to play the parent to their parents and take away driving privileges — so much debating and deciding ‘what should I do?’ issues pile on the family caregiver that their shoulders begin to weigh down. Continue reading

Boomers Play Role In Changing Family Trends

life after 50, over 50, retirement, baby boomer women, baby boomersThis week, I had a chance to talk with Will Palley, Trend Strategist at JWT, about the ad agency’s “Meet The New Family” research study. It was clear from the report that boomers are playing a major role in the evolving family structure both in the USA and abroad.

“The family is such an important concept around the world,” said Will. “What it means to be a family is changing. Boomers are an untapped opportunity.”

The Changing Nuclear Family
According to the report, the classic nuclear family is not only declining, but there is new gender dynamics between husbands and wives. Dads are taking on more domestic duties, while more women are becoming the primary breadwinner. (Once again I was ahead of the curve. When my kids were young, I became the breadwinner and my late hubby was a stay-at-home dad. It was rare in the 1990s. Glad to see that co-parenting is becoming more popular.)

The report highlights the growth in same-sex couples and childless couples. In addition, it says that “urbanites are increasingly weaving together families out of friends, as millennials are constantly connected to social networks but often physically distant from families.”

Silver, Solo, and Multigenerational Families

life after 50, over 50, Will Palley

Will Palley is Trends Strategist at JWT agency.

Boomers are impacting the growth in silver families, as lifespans increase with longer, healthier, more active lives. The report says that “boomers are less likely to see middle and old age as a time when life slows down and more likely to re-evaluate the status quo and seize new opportunities.” (Will and I discussed how boomers are reinventing and transforming during the second half of their lives. Mind you, I think Will is a millennial who could easily be my son D’s age. I was glad to hear that he recognized his elders who are positively paving the path for his generation.)

 

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