Unretirement Project

Retirement Redefined

What We Are UP To in July 2019

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Watching| Spiderman: Far From Home

> I loved, loved, loved it. Nothing against the others, but in my opinion, Tom Holland is the best Spiderman. The movie had just the right amount of wrap up from Avengers: Endgame and future focus for the Marvel Cinematic Universe (MCU). There was a nice balance of seriousness and humor in this July movie. 

Reading| Harry Potter and the Chamber of Secrets

> This is the second book in the Harry Potter series. While the first one was good, this one is better. I’ve been really drawn into the story line and can tell that there will be some cliffhangers that will only be resolved in future books. We’ve also started playing the phone app Harry Potter: Wizards Unite and you can see the connection between the books and the game. Both are a lot of fun.

Remembering | Getz/Gilberto

> Sad to say, João Gilberto, one of the founders of the bossa nova sound, recently passed away in July. Keith and I have recently become big fans of bossa nova music and discovered his 1964 album Getz/Gilberto. Fantastic! It includes one of our favorite songs, “Girl from Impanema”. If you’re looking for something new to listen to…might want to check this out.

Working On| Our Fantasy Football Draft

> Because of our move to Gainesville, we took some time off playing Fantasy Football. Well, no more. We’ve signed up for a league on NFL.com and are now spending time trying to learn player statistics, etc. It’s a welcome distraction and a nice way for us just to spend our Sundays relaxing, watching football, and maybe cooking something in our new Ninja Foodi. 

Feeling| Productive!

> I typically work with three monitors. Yes, three. For years, I worked with two. Then one day, while fixing one of our computers, our technician suggested three. I thought to myself, “I don’t know. That seems a bit excessive.” Well, later I had the chance to test drive three monitors and OMGosh…it’s fabulous! Anyway, my external monitors have been out of commission for the past month and now they’re finally working again. I’m in heaven and productive again!

Planning| Home Time

> With the exception of a short business trip, I’m basically at home for the next couple of months starting in July. And I’m delighted. I don’t mind traveling, but for those of you who are like me and travel regularly, it’s also nice to be home. 

Loving| Herman Miller Cubert Personal Light

>  A friend of mine sent me the best gift – a Herman Miller Cubert Personal Light. I adore the modern design. And it’s very functional. Not only is it a light, but it has USB ports and an outlet. It has a touch-sensitive dimmer and an auto shutoff. Beautiful and functional. It’s what I love about Herman Miller.     

Geeking|Groove Life

> As a small business owner, we like to help out other small businesses. One of the ways we do that is by backing Kickstarter campaigns. Our latest is Groove Life. The company has been around since 2015. They make silicone jewelry. Groove Life was looking for backers for its latest product – silicone watch bands. As backers, we received new Apple Watchbands and their signature silicone rings earlier in July. So far, we’re impressed. Great for a hot day when you don’t want to wear metal. 

We hope you’re enjoying the summer. What’s UP with you?

Manage Your Digital Life with These Three Tools

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Out of Print Sign digital life and technology

We recently published a list of cybersecurity resources from TechCrunch and Google. If you haven’t seen them, it’s worth checking out.

As technology continues to fill our lives, we need to find ways to manage it. I’m not talking about taking digital vacations, although establishing boundaries is a good idea. When we use technology, we open ourselves up to risk. Even when we do all the right things, it’s possible we will have personal information exposed. Today, it could make sense to evaluate whether or not you need some helpful tools to manage your digital life. Here are three tools that we’ve added to make our digital life more secure. 

Password Managers

Consumer Reports published this informative article on “Everything You Need to Know About Password Managers”. And this article from CNET will give you some suggestions for “The Best Password Managers of 2019”. Personally, Keith and have been using LastPass with good results. They offer a family plan so you can make sure that a designated person can access your information in case of an emergency. 

While it’s not a exactly a password manager, I also recently purchased a Google Titan Security Key. This device provides a super-duper level of two-factor authentication to your accounts. I must admit, I’m still trying to figure it out, but I believe it is worth experimenting with. Oh, and if you saw those recent articles about a flaw in the Titan Key, Google is replacing them. Just contact them.

Identity Theft Protection Services

It’s sad to say that in today’s world we must think about this…but we have to think about this. Identity Theft is an issue. A big issue. According to a study published on ZDNet, around 15 million people in the U.S. have been impacted by fraud. To safeguard yourself, you have two options: you can do this yourself OR you can subscribe to a service. A third option would be waiting for a company to provide you with the service for free after your information has been compromised. (Please detect the cynicism in my last sentence.) I found this article on Nerdwallet that could help you decide “Do You Need Identity Theft Protection Services?”. 

CNET also put together a directory of ID monitoring services in their article “The Best identity Theft Monitoring Services for 2019”.

Virtual Private Network

A virtual private network (VPN) is designed to protect your private web traffic from being snooped by outside entities. The purpose isn’t because someone is doing something sinister. But let’s be real, it’s kinda creepy to know that somebody could be snooping around in my web traffic even if it’s nothing more than cute lemur pictures, shoe sales, and Randy Rainbow videos. 

If using a VPN interests you, this article from CNET on the “Best VPN Services of 2019” might be helpful. 

I really don’t like being cynical about the use of technology, but I do think it’s important to be realistic. Technology isn’t going away any time soon. We must be responsible technology users which means finding tools to help us manage our digital lives. 

Do you need to do these things? Maybe not. Personally, I’m finding this is one of those topics where I regularly ask myself, “Can I do it? Yep. Is this the best use of my time? Not really.” Maybe I need to find some tools to help.

Planning, Goals and The One Question to Ask for Retirement

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Sign I Am Powerful in planning for retirement

Many years ago, I was interviewing for my very first management position. As I remember, the conversation went something like this:

Hiring manager: What would you say is your biggest weakness?

Me: I don’t do very much in the way of goal setting.

Hiring manager: So, what is your process for getting things done?

Me: I sort of think about what needs to get done then work towards accomplishing that.

Me: Oh, I guess I do some goal setting after all.

True story.

In my effort to think like a manager, I had made the mistake of thinking that goal setting was only that thing you did during your annual performance review (or around New Year’s). The hiring manager either took pity on me or was impressed that I had that epiphany, so he immediately asked me how soon I was available.

Fast forward to today. Sharlyn and I are working on an ongoing project when we discover that the company we had contracted with had made a sizeable error. For a few minutes, we discussed a number of different ways to address the matter. Then, at the same time, we both said, “What do we ultimately want to come out of this?”

That’s the question that identifies the goal and helps formulate the plan to accomplish it. Goals come in all shapes and sizes. When you realize that, planning and goal setting becomes much more manageable – regardless of the size  and scope of the project. And that is very powerful!

Once we know the result we’re looking for, is it possible to apply this thinking to something like our unretirement?

The BHAG – Business guru Jim Collins wrote about the Big Hairy Audacious Goal, which is the huge goal that we are planning to accomplish. For Sharlyn and I, it’s probably the same as everyone – having enough money for a comfortable retirement.

Plan Goals – In planning for retirement, there are several goals that help us accomplish the BHAG. Reducing expenses is a great example. So, we identified one of our large annual expenses – groceries – and put together a plan to reduce that expense. The plan goal was to lower grocery spending and we ended up cutting that expense in half.

Micro Goals – Some may call these short-term goals. In our example, there were many ways to cut grocery costs. Especially since, for us at that time, going to the grocery store was just walking up and down the aisles picking up anything we liked. One very effective solution was to plan our meals so all we purchased was what we needed for each meal.

While this was a very effective and helpful (and enlightening!) exercise, it’s no surprise that cutting grocery costs alone didn’t provide enough extra money for our BHAG of a comfortable retirement. But it was an important step in the overall planning process. And every step of the way, we ask ourselves what we want to accomplish because accomplishing all of those micro goals will add up toward the BHAG. 

Oh, did I get the job? No. But that got me started on planning for the next opportunity.  

Encore Careers – Part Four: Journal Your Experience

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Garden path as a metaphor for encore careers path

One of the takeaways I’ve tried to stress in this series about encore careers is that it is a path or process that takes time.

Whenever I’m working on a long-term process, I like to think about journaling as a way to keep track of my thoughts. Consider creating an encore career journal to help you document your decisions, skills, and future plans. Here are five things about journals to keep in mind:

  1. Pick a format that suits you. The great thing about journals today is that they can be paper or electronic. Use whatever works best for you. Personally, I love paper and like the idea of rereading my comments. It can help me make decisions. A Bullet Journal might be perfect for the task.
  2. Dedicate it to a single idea. If you already journal, then you might want to create a separate journal focused on unretirement or encore careers. That way all of your thoughts and ideas are in a single place. For a few years, I kept a secret board on Pinterest focused on “unretirement”.
  3. Stuff articles and reminders in them. This is kinda related to the last point. Whether you read an article online or via a paper magazine, you can cut/paste them into your journal. If you’re a visual person, you could create a vision board focused on your unretirement journey or encore career.
  4. Be flexible with your schedule. Because I suspect developing your encore career plan is going to take some time, a journal allows you to set it to the side when life gets busy and pick it up later. The important part is not to forget about it. That might be one advantage to a paper journal, it could stare back at you.
  5. Allow it to help you. What I mean by that is give yourself permission to not know everything. Your unretirement and encore career is a journey. Write down your thoughts and let them sit there. You don’t have to take action right away. At some point, you might want to share your journal with a family member or a retirement coach. 

Journals are an effective way to document your ideas, thoughts, and feelings about a subject. They give you time to think things through and organize information. Your retirement is one of the most important things you will do. It deserves a little planning. You’re never too young to start. 

Image captured by Sharlyn Lauby while exploring the Ali’i Kula Lavender Farm in Maui, HI

Encore Careers Can Offer Independence

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NASA Vehicle Assembly Building United States Flag symbol of Independence Day

Today is Independence Day in the United States. And what better day to think about our own personal independence. More importantly for our retirement, does an encore career factor into it?

You may recognize the building in the picture above. It’s the NASA Vehicle Assembly Building (also known as the VAB) located in Cape Canaveral. This week, Sharlyn and I had the honor of visiting as a guest of the NASA social media team to watch their latest launch of the Orion capsule.

I’m happy to say that the launch was a huge success! But, on the drive to the Cape, I thought about everything that went into this launch. The years of planning and thousands of man-hours from NASA and their private partners. Personally, Sharlyn and I needed the independence to make the trip – in terms of both time and money.

In retirement, we get the time to spend doing the things we really love. But for many of us, the lack of money in retirement could limit our independence. Balancing our retirement stop-working date with our future financial requirements is something we all need to do.

So we need to plan for that! And an encore career could offer a solution. None of us can predict the future but we can plan based on what we know. There are many free resources from the Social Security Administration that can help. Spend a little time between the barbecue and fireworks and see how independent you can be in retirement.

We have often said that successful retirement needs a lot of planning. Knowing your financial needs and the limits of Social Security are important. Just as important is understanding your personal contribution to retirement finances. And that could go a long way toward your own independence.

What We Are UP To in June 2019

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June

Disclosure: Occasionally we receive free products for review or include advertising links in posts, but no one impacts the honesty of our opinions. 

Watching| Rocketman

> I’m a big Elton John fan (Keith not as much) but we both enjoyed Rocketman that was released earlier in June. Especially seeing the concert scenes on the big screen. Not going to give away any spoilers except to say that the movie focuses a bit more on the person versus the music. At least that was my takeaway. Oh, and lead actor Taron Egerton really sings Elton’s hits. 

Reading| How to Live Forever

> Currently, the most popular post on Unretirement Project is “3 Ways You May Contribute to Your Own Ageism”. If you haven’t read the post, I hope you will. One of the things we discuss in the post is networking across generations. Marc Freedman’s Book “How to Live Forever: The Enduring Power of Connecting the Generations” is an in-depth look at what people – at every age – are doing to stay connected and learn from each other. 

Remembering| Gummies

> Remember gummy bears? I used to love eating them as a kid. Well, I’m happy to say that adult gummies are a thing. In June, I discovered a retailer called Sugarfina that makes adult gummies including flavors like Moscow Mule, Margarita, and Pale Ale. Oh, and if you want something caffeinated…cold brew gummies! I love snacks when I travel, and this is just the kind of little indulgence I could get used to.

Working On| The Perfect Eat Out

> I do not like to waste food. Whenever Keith and I go on long trips together, we try to leave our refrigerator as close to empty as possible. So, we do something called the perfect eat out (aka the PEO). It’s kinda fun to come up with meals just pulling from what’s in the fridge. Our meals for the first couple of days are fine then it starts to get a little weird. LOL! Anyway, with a move coming up to our forever home, we’re in serious PEO mode…and it’s getting weird.  

Feeling| Unsettled

> It’s probably because the move we’ve been waiting for is coming up, but it’s hard to feel settled right now. It might also be because we splurged on a rug during Wayfair’s Memorial Day sales and it’s rolled up in the middle of our living room. Kinda feels like we’re living in a warehouse. Ha.Ha. But for those of you who’ve been in this place before – and I know some of you have – it’s very unsettling. 

Planning| Erin Condren’s Life Planner

> I know, it’s hard to believe how fast time flies. I’m already talking with people about 2020 so June is time to find a planner. For next year, I’ve purchased an Erin Condren Life Planner. I really like how I can customize the cover, pages, etc. to suit my needs. 

Loving| Dr. Bronner’s Soaps

> I’ve mentioned before how we’re trying to pay more attention to our skincare routine. I’m not sure how I didn’t know about this company, since Dr. Bronner’s has been in business since the 1940’s. We purchased a couple of organic shower soaps and have been very impressed so far. 

Geeking| Orion Ascent Abort Test

> Keith and I have been approved to attend NASA’s Orion Ascent Abort 2 (AA-2) Test from Space Launch Complex 46 at Cape Canaveral Air Force Station (CCAFS). All our years living in Florida and we’ve never been to Kennedy Space Center together. We are super excited! The Orion test will demonstrate that the Launch Abort System can safely send the space capsule a safe distance from a failing rocket if an emergency arises during ascent to orbit. 

What’s UP with you in June?

Image captured by Sharlyn Lauby after speaking at the Flora Icelandic HR Management Conference in Reykjavik, Iceland

Retirement Planning: 5 Reasons to Have a Stop Working Date

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park bench sitting, retirement, retirement planning, encore career

There’s an excellent read over on the Considerable blog titled, “How long will you be able to work?” Regardless of your current age, one of the questions that individuals should ask themselves is, “When would I like to stop working?” Picking a possible retirement date – and I do mean possible – allows individuals to have a starting point in their retirement planning. And that planning date is important for several reasons:

  1. Think about a Plan B just in case you need to retire before the date you’ve chosen. Let’s say you’ve decided to stop working at age 70. But something happens when you’re 65 and you might need to retire sooner. I hear stories of individuals retiring early to care for their health or the health of a family member. What does a Plan B look like? And can you kick it into gear should you need it?
  2. Consider having two dates: a part-time date and a full-time one. Instead of going from fully employed to fully retired, does it make sense to think about a phased strategy? You could transition to part-time at 65 and then fully retire at 70. Of course, I’m just throwing out ages here. You have to decide what makes sense for you. This could also make a lot of sense when trying to coordinate your retirement and your spouse or partner.
  3. Use a retirement date to map out the transition to an encore career. I know several people in their 40s who work insane hours and travel a lot. They love their lifestyle right now but at some point, want to find a different pace of work. Selecting a retirement date (or dates as in #2) could help with planning an encore or second career. Especially if that next career involves getting some additional education or a certification.  
  4. Reflect on how your retirement date impacts savings and spending. It goes without saying – but I’ll say it anyway, our decision to slow down or stop working impacts our finances. When retirement planning, we do have to think about how the bills will get paid and we can maintain our lifestyle. In fact, we might want to consider making some lifestyle decisions well in advance, so we can get used to them.
  5. Get yourself mentally ready for a change. I’ve always been a person who needs a full-plate of activity. I am getting myself ready for retirement to be a major change. It’s one of the reasons we started this blog. As you think about an approaching retirement date, ask yourself if you’re ready. Do you need to think about starting a hobby? I’m not joking. I do believe many people retire without a plan and get bored.

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.

Image captured by Sharlyn Lauby somewhere in North Carolina