Phased Retirement

I had a great conversation with Reuben Swartz at Sales for Nerds recently. The link to the podcast is below. The show highlights include... "Rick Terrien started his first business in college, but he believes that people can (and should) start businesses at any age, particularly later in life. He started the Center for Ageless Entrepreneurs, and wrote Ageless Startup: Start a Business at Any Age." What you should be doing around 40, 45, and 50 to launch your business. How to set yourself up for success. How Rick looks at markets to find promising niches. How he found his latest inspiration to help older entrepreneurs. Why you should be thinking about a “lifestyle business” as a positive, not an insult. Thanks for the great cobnversation Reuben!

"However, there’s another kind of intelligence that you get later in life called “crystallized intelligence.” That increases through your 40s and 50s. It stays high through your 60s and 70s, and even beyond. Crystallized intelligence is not all about working hard and focusing—it’s about wisdom and passing on knowledge. You get wiser as you get older, which means you know a lot, and you know how to use the information. It also means you’re a much better teacher—the best teachers are older people. So early on, you have fluid intelligence, and later on, you have crystallized intelligence. The trick is to go from fluid to crystallized, to go from innovator to instructor." Full article: From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life - The Next Big Idea. The Next Big Idea. 4/1/2022 Arthur Brooks Arthur C. Brooks is an American social scientist, the William Henry Bloomberg Professor of the Pract

From The Hustle... "Unretirement is the new retirement. Peloton nabbed a retired CEO to lead the company out of Americans’ storage closets. Howard Schultz returned to Starbucks. And Tom Brady lasted ~40 days in retirement before deciding to return to the NFL (and to a cascade of memes roasting him). The superstar quarterback and deep-pocketed CEOs were just following the crowd. After a retirement boom over the last 2 years, the share of retirees reentering the workforce has ticked up to levels unseen since early March 2020, per The Wall Street Journal. Money, security, and old age lead people to retire And after a brief pandemic recession, housing prices and the value of financial assets soared from spring 2020 to late summer 2021. Plenty of graying boomers, whose savings were shaken by the Great Recession, took advantage. The share of adults ages 55+ who are retired rose from 48.1% in Q3 2019 to 50.3% in Q3 2021, according to Pew Research Center. The share of ad

"Find out how phased retirement will affect your health insurance. Many employers don’t provide coverage to part-time workers, and some who do require them to pay a higher portion of their premiums. If you don’t qualify for the company plan, ask for money to purchase an Affordable Care Act plan, said Karen Burke, an HR adviser at the Society for Human Resource Management." How to Plan for Part-Time Retirement March 28, 2022

"If a large number of employees take early retirement within a short space of time, an organisation could face succession planning issues. It might also have to spend significant sums on recruitment to replace key staff members who have left. A phased retirement programme can be a good way for organisations to retain the skills and talents of their older workers, while giving them greater flexibility around how they use their time." What is phased retirement? "Phased retirement allows employees who are approaching retirement age to reduce their work hours gradually, over a number of months or years. This might involve the employee moving from full-time to part-time employment, taking on a job-sharing role, working a seasonal or interim basis, or changing their working pattern in some other way." Phased retirement: why it can be a win-win for both employers and employees. Close Brothers Asset Management https://www.closebrothersam.com/for-employers/n