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Older Workers Should Think About Their Short and Long Term Career Plans

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wall art work it on career plans

It’s no surprise that older members of the workforce are being negatively impacted by the COVID-19 pandemic. In this article from PBS News Hour, older workers are faced with two huge challenges when it comes to work and the pandemic. First, there’s the science that says older persons are a higher risk of exposure to the virus. Second, older workers are finding it hard to land new opportunities in today’s labor market. 

I wish I could say this is going to change once we all get vaccines, but I don’t know if that’s true. There are still many unknowns regarding our economic recovery and the longer-term impacts of the virus. But one thing is certain. Older workers should be thinking about both their short- and long-term career plans. 

Always having a “Plan B” where your career is concerned is a good idea. There’s no rule that says you have to use it. It just makes good sense to think about the career options you might be willing to explore if circumstances warrant. It allows you to stay in control of your professional career. 

If you’re looking for a place to start thinking about your future career options, here are a handful of articles that might help. 

Encore Careers: What They Are and Why You Might Want One

As we’re thinking about our retirement (and unretirement), one option that’s available to us is an encore career. It’s defined as a job or career that happens later in life to provide both purpose and money. According to Encore.org, some of the most promising fields for encore careers are in the non-profit sector, management services, and services for aging persons. Currently, the older generation is also the largest freelancing group. 

How to Apply Your Transferable Skills Toward an Encore Career

An Unretirement Project reader asked about how to “take the skills we’ve honed to a razor’s edge during our regular career and apply them to something completely new.” It’s a very valid point. As we start considering our future career options, we need to be able to identify and sell the transferable job skills we’ve acquired throughout our professional lives. 

Portfolio Career: An Alternative to Encore Career

A portfolio career is where someone works many part-time jobs instead of one full-time job. For example, an accountant might sell insurance and do tax preparation. It’s the idea of having several smaller jobs that a person can work on at the same time. This might not be optimal for everyone. But for some, this could be exactly the flexible work arrangement you’re looking for. 

Even if you’re not planning a transition to an encore or portfolio career, it’s important to keep your skills relevant. That means finding ways to keep your business acumen current and possibly exposing yourself to new experiences via volunteerism.

Business Acumen: 6 Ways to Improve Yours

It should come as no surprise that one of the biggest competencies that organizations expect from employees is business acumen. It’s important to know the business, be able to talk about it, and make decisions to help the business grow. But honestly, it’s hard to develop business acumen. Oh sure, a lot of people throw business buzzwords around like “growth mindset” and “blue ocean strategy” but do they really know everything those terms mean? In today’s business world, new concepts are being developed all the time. It’s a challenge to stay current, especially when your plate is already full of work. 

Now May Be the Best Time to Volunteer – Or Not

We know that, for many, workplace unrest, furloughs and layoffs have upended retirement planning. Volunteering may not be an option when your focus is on an interim job or your next opportunity. However, a volunteer role may provide experience, new skills, or connections that could lead to a new job. Something to keep in mind. For others, volunteering can be a rewarding way to support others and the causes that really matter. Use your spare time to find something that matches your interests and skills. And if volunteering is still a few months or years away, no problem. You can do the groundwork now to find what’s best for you.

Remember that old saying, “The best time to look for a job is when you have one.”? Well, it’s possible that won’t always apply. We weren’t able to predict a pandemic and its recovery. But that doesn’t mean that we shouldn’t always have a career plan. 

A career plan allows us to see the possibilities. We can act on them if we want to or need to. A career plan can allow us to be in control of our career, which is so incredibly important. As we think about retirement, be able to control how and when your career ends on your own terms.

Aging Doesn’t Have to Lead to Ageism

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wall sign with phrase oh the places you will go speaking out against ageism

Age discrimination, or ageism, remains an issue for employees. According to a study from Hiscox, the number of age-related discrimination charges filed by workers over age 65 doubled in the past decade. I wish I could say that there was some magic solution but unfortunately, I don’t have the answer. 

What I can say is that when you look at employer defenses in age discrimination claims, many of them mention that the employee’s skills were out of date and they lacked creativity and curiosity. Don’t misunderstand my comment. I’m not saying these employers have a valid argument. I don’t know the specifics. But as someone who reads about discrimination cases, I do find this an interesting trend. 

On the flip side, when I talk to older workers who have been fired or laid off, they always respond that it’s because of their age. It couldn’t possibly be for any other reason like violating a rule or the person’s position becoming redundant or the business not doing well financially. Again, I don’t know the specifics of the employee’s departure, but the trend is interesting. 

One of the things that both employees and employers should realize is that aging is inevitable, and aging doesn’t have to lead to ageism. 

Forget the Term “Boomers” and Get Ready for the Young Old

“Young Old” (aka YOLD) individuals are working longer, staying healthier, and represent a significant consumer market. This should not be a surprise to anyone. Regardless of the unemployment rate, organizations need the best talent and YOLD individuals are willing to work a few more years because they want to, and they can save up a few extra dollars. The time to think about how you want to spend your YOLD years is now. Because you want to spend them your way.

3 Ways You May Contribute to Your Own Ageism

Regardless of your physical age, if you act like the stereotype then people will assume you are one. As we age, we have some decisions to make and one of the biggest is deciding how we will accept aging. If we want others to see us as contributors, then we need to act like it. Please notice I didn’t say we need to act “young”. People need to accept our age for what it is. But that doesn’t mean we’re not able to bring value. We need to send the message and demonstrate that we can. 

While I can’t control what others do or say, these two articles remind me that I have some control over my aging journey. I can still enjoy nostalgia and also explore new things. 

In addition, we recently published an article about “Healthy Aging is Trendy Thanks to Global Shift”. Demographics are changing the way marketers look at older persons. This could have a huge impact on the way aging is viewed. 

Hopefully, the shift in demographics and our own views about aging will create a much needed shift in perceptions about ageism. 

Retirement Planning: It’s About More Than Just Not Working Anymore

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wall art everything is figuroutable like retirement planning

The COVID-19 pandemic is forcing older workers to examine their job options. In an article on CNN.com, an economist mentions that young workers’ participation in the labor force has almost fully recovered, while older workers and women are recovering more slowly. I’m sure this has prompted individuals to say to themselves, “Am I ready for retirement?”.

Making the decision to retire involves more than simply deciding not to work anymore. It includes financial planning (Do I have enough money?), healthcare planning (Can I take care of my medical needs?), and emotional planning (Am I emotionally ready?). Over the past year, we’ve written about some of these topics and we thought it might be helpful to have them as a reference in one place.

Retirement Planning: 5 Reasons to Have a Stop Working Date

It’s very easy to simply pick the government’s age for collecting Social Security as your retirement date. But if I had a dollar for every person who turned 62 or 65 and said, “I’m not ready yet.” I would be retired right now. LOL! No one is holding you to that date. It’s simply a placeholder for planning. And retirement planning is important.

Retirement Success: We Need to Learn About Happiness

Happiness means knowing what will make us happy. In our retirement life, we will often have to deal with trade-offs. For example, we can travel often but our accommodations might be economy. Versus traveling less but more luxuriously. Or we can retire earlier but it means downsizing and paying off a mortgage. Or we can work longer, but it means becoming a freelancer or contractor without corporate healthcare insurance. For us to make good decisions, we need to truly understand what makes us happy. 

5 Ways We Can Bridge Our Retirement Gap

Statistically, we know that people are living longer. The challenge is that we’re not financially preparing to live longer. The financial shortfall between how much we need for retirement and how much we have has been labeled “the retirement gap”. The retirement gap is a global retirement planning issue and it’s growing, especially in the United States. The bottom-line is that individuals need to prepare for retirement because Social Security wasn’t designed to cover 100% of our retirement expenses. 

Is It Possible to Flunk Retirement

In today’s business world, we appear to be much more accepting of failure than ever. Billionaires like Sir Richard Branson and Spanx founder Sara Blakely remind us that it’s okay to make mistakes. But I can see how people could feel different about flunking at 20 than flunking at 60. We have to view our unretirement and retirement as a journey. A journey that starts early in life. Will there be stumbling blocks and changes along the way? Absolutely. But that doesn’t mean we’ve flunked life or our retirement. It does mean that we need to find ways to adjust.

The Pros and Cons of Being a One Car Household

One of the things to consider in retirement planning is transportation as in, “How much do you want to drive?” The answer might prompt you to take some action like moving from the suburbs to a more walkable community. Or maybe downsize vehicles to something smaller and/or more fuel efficient. Or you might do what we did and simply become a one-car household.


Should You Keep “To-Do” Lists After You Retire

As a person who likes to plan, I make lists. Granted, all of my lists aren’t created equal. For example, I plan our meals using lists. It helps us save money on groceries and we don’t waste food. I also have a list of small tasks that I need to complete during the day like “buy tickets to see Bohemian Rhapsody on Friday”. I can’t imagine when I retire that I would stop making those types of lists.

Regardless of where you are in your retirement planning process, making sure to think about all of the aspects involved in retirement is important. I’d like to think that anyone considering retirement wants to know they’re as ready as they can possibly be for the future. 

What We Are UP To: Winter Rituals Edition

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winter snowflake painted on a winter window

This is always the time of year when we’re thinking about goals and resolutions. But I’m wondering if instead of making resolutions this winter, would it make more sense to develop rituals. You know, like a morning ritual or evening ritual. Maybe even rituals by season? I saw this article on The Everygirl blog titled “10 Rituals I’ll Be Using to Stay Healthy During the Holidays” and it made me think that rituals could give us something to look forward to. Here’s what else we’re looking forward to this month. 

Watching | Netflix

> After ditching traditional cable, we’ve decided to check out what Netflix has to offer. I’ve heard nothing but good things about “The Queen’s Gambit” and “Bridgerton”. If you have a Netflix favorite, be sure to drop it in the comments. 

Reading | Annual Credit Reports

> The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies – Equifax, Experian, and TransUnion – to provide you with a free copy of your credit report, at your request, once every 12 months. I’ve set up a reminder to do this every winter. I guess you could call it a winter ritual. 

Remembering | Seinfeld Strategy

> I recently wrote a post about the Seinfeld Strategy and how to use it as a way to develop a new habit. On some level, I view rituals as habits. Like remembering to floss every day. Whether you’re setting a goal, making a resolution, developing a habit, or creating a winter ritual, the Seinfeld Strategy can help you stick to it.  

Working On | Our backyard

> We’ve been living in our new home for a little over a year. When we first moved in, it was really tempting to look at new furniture. Especially for the backyard. But we said that we wanted to live in the house for a while to get some sense of what we would use. It was a good decision. We bought a couple of things over the holidays and they’re not at all what we were originally looking at. 

Feeling | Stressed

> I’d like to think that regardless of your politics, we can agree the past few months have been more than a little stressful. And I’m not sure that is going away anytime soon. That being said, a certain amount of stress can be good for us. There are also ways to manage stress this winter. I came across this article in Lifehacker titled “Exercise is Stress Relief So You Should Probably Go Exercise Right Now”. Besides the title making me laugh, it reminded me that taking time for ourselves should always be a part of our rituals. 

Planning | Eating Better

> Honestly, eating better is always on my to-do list. Somedays I’m really great at it. Other days, I’m not. Part of the challenge right now is the pandemic. We love picking up fresh fruits and vegetables. But that means visiting groceries and markets more often. We’re trying to conserve our trips. So, I’m trying to figure out what to do with frozen fruits and veggies. 

Loving | Peakay Silver

> Speaking of the pandemic, one of the things that’s a PITA is trying to get your mask on/off with hoop or dangling earrings. And unfortunately, I don’t own a lot of small earrings. So, I picked up a pair of little heart earrings from Peakay Silver. Gorgeous! Excellent quality.

Geeking | Hot Cocoa Bombs

> Have you seen these? They are chocolate orbs filled with hot cocoa mix and marshmallows (sometimes other treats are added). You put them in a mug and pour warm milk over them. Viola! The orb opens up and you have hot cocoa. The “bombs” are beautiful to look at. The presentation is fun. And they taste good. If you’re looking for a little something to break up your winter routine…this might be it.

We hope you’re staying safe and warm this winter. What’s UP with you? Tell us your winter routines!

Using the Seinfeld Strategy to Create and Maintain Habits

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pillow with hash marks showing daily accomplishments to create habits

It’s hard to believe that the TV show Seinfeld has been out of production for over twenty years. I say “out of production” because Seinfeld reruns seem to live on forever. Don’t get me wrong, I enjoyed Seinfeld. And I’ll never be able to look at a Junior Mint without laughing again.  

I knew that Jerry Seinfeld was one of the producers and writers of the show, in addition to being a stand-up comedian. What I didn’t know was that many people use his writing technique as a method for developing habits. I’ve been seeing lots of references to the “Seinfeld Strategy” lately, so I decided to do some research.

Basically, Seinfeld says that the secret to his productivity success is consistency. As a writer, he felt the way to achieve success was to write something every day. It didn’t always have to be his best work and that was okay. It also doesn’t mean you can simply phone it in. But the goal was to give it your all every day.

Once he completed his writing for the day, Seinfeld would mark the day with a big red “X” on his office calendar. As time progressed, those big red X’s formed a chain. And he liked it. The big chain of red X’s motivated him to write more. And writing more made him better.

So, the Seinfeld Strategy to creating and maintaining good habits is to never break the chain.

I was reminded of the Seinfeld Strategy recently because someone posted an image on Facebook with the names of months of the year and inside each month’s name were numbers representing each day. The idea being that, if you’re trying to create and maintain a habit every day you do something – like let’s say exercise – then you color in the day. If you exercise every day in the month, then the month’s name will eventually be colored in. If you do that every day for a year, you’ll have a very colorful memento of your progress and accomplishments.

monthly planner to color in when creating habits

As we start the year, we might have some new habits we’re trying to form. Or old habits that we need to get back on track. Using the Seinfeld Strategy could be a fun and effective way to monitor our progress. You can put your “tracker” on the refrigerator as a reminder. Or if it’s something private, you can tuck it away in a journal or planner.

You could also use the “tracker” with other family members. Maybe the habit you’d like to work on is a group activity.

Creating and maintaining habits is hard. Finding fun ways to track our progress can make it enjoyable. The result is we’ve developed a new habit, which is what we wanted to do all along.

What We Are UP To: Happy Holidays Edition

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festive lights on palm trees for the holidays

Watching | Wonder Woman

> We decided to take a break watching holiday movies to rewatch the first Wonder Woman and then see Wonder Woman 1984. Keith and I do miss seeing movies on the big screen, but until things are safer, movies at home will have to do. I’m not going to give away any spoilers, but if you enjoyed the first one then I think you’ll like WW84.  

Reading | The Hustle          

> I’ve become a big fan of curated newsletters. My latest find is The Hustle. I like it for a couple of reasons. First, it curates the latest business news and I believe it’s important to stay on top of what’s happening in the business world. But the second reason is because it gives me some perspective on what other people feel is “news”. It’s easy to fall into an echo chamber and miss out on what others find noteworthy. Check it out.

Remembering | Quiet

> One of the things we love about our neighborhood is how quiet it is…well, at least until recently. This is a fairly new subdivision, and the builder has started construction on a couple new homes near us. Nothing like being awaken at 5a to the sound of cement trucks. ha.ha. The sad news is we’ll be living with some noise for the next few months. The good news is when it’s done…it’s done.

Working On | Rain Barrel

> The county we live in is very eco-friendly and they are encouraging residents to use rain barrels. So, we got one. We’ve never had a rain barrel before. This will be a new adventure for us. Hopefully we will see some positive results, not only for us individually but the county.

Feeling | Patient

> As much as I would like to wake up after the holidays and have the pandemic be gone, that’s not going to happen. There’s a lot that needs to take place. COVID-19 is only one of the issues we’re facing. It’s really tough and challenging but I know that patience is what’s needed. Oh, and don’t misinterpret patience for “not doing anything”. Being patient and working hard will help us achieve our goals.

Planning | Fewer errands and trips

> We’re all reading the same headlines. COVID-19 cases are spiking around the nation. We’re encouraged by the vaccine news but until more definite plans are in place, we’ve decided to curtail our errands and trips outside the house. The good news is that many businesses are being very accommodating to remote customers, especially during the holiday season.

Loving | Soup Season

> The cooler temperatures have arrived in North Florida and that means soup season. Last year, I discovered some soup mixes on the King Arthur Baking site. Easy to make and very tasty! We also made one of our favorite meals using leftover Thanksgiving turkey. It’s a pressure cooker chicken turkey, lentil, and bacon stew.

Geeking | YouTube TV

> We got a little frustrated with our cable provider and decided to see what other options are available. This isn’t the first time we’ve discussed “cutting the cord” but it is the first time we found something that actually suits our television watching needs. YouTube TV offers the channels we enjoy watching at a reasonable monthly fee. You can record programs. And you can cancel at any time.

What’s UP with you? This holiday season, Keith and I are thankful for our health and each other. We appreciate you taking the time to read and comment on Unretirement Project.

Happy 2021!