retirement Archives – Unretirement Project

Employee Retirement Programs: Employers Need To Do the Right Thing

August 1, 2018 by Sharlyn Lauby Leave a Comment

I ran across this article in Talent Economy titled, “The Long, Winding Road to Retirement”. The article starts no differently than other articles about the predicament with Boomers and retirement: lack of company sponsored pension plans, dwindling employee savings, Great Recession impact, etc. But what surprised me about this article was the author’s feeling that it was a leap of faith that organizations would get around to doing the right thing because of their pressure to deliver profits.

I certainly hope that’s not the case.

I do agree that organizations are under pressure to deliver results – financial and otherwise. But the way that organizations will deliver those results is with people. Let’s add that the numbers tell us that there are more jobs than people to fill those openings. So, organizations need to find ways to keep older workers engaged and, in the workforce, longer.

Now, I’ll also admit that this challenge doesn’t completely lie with companies. Employees need to think about their retirement plans. They need to find ways to save and take advantage of plans like 401(k), individual retirement accounts (IRA), and Roth IRA. Individuals approaching retirement should be researching how Medicare and Social Security work, so they file for benefits at the right time.

But the way employers and employees can do the right thing is by being authentic and transparent.

Employers need to start thinking about their staffing needs and whether they will act to retain older workers beyond traditional retirement. If that’s their plan, they should have conversations with employees ahead of schedule, so employees can start thinking about their plans and whether they want to stay in the workforce longer.

In turn, employees need to start thinking about their retirement strategy. Do they want to consider working part-time or as a freelancer? Employees need to start building skills for that transition. Is that something they can do on their own or would it make sense to ask the company for assistance?

This isn’t an easy fix. Or an overnight one.

Organizations looking to meet and exceed their goals will need talent. Some of that talent will be individuals approaching retirement age. But if companies want to keep talent, they have to start thinking about offering jobs, salaries, and benefits that that are going to do that. Frankly, that means doing the right thing.

Image captured by Sharlyn Lauby while exploring the Wynwood Art District in Miami, FL

Help End Domestic Violence and Financial Abuse

November 1, 2017 by Sharlyn Lauby Leave a Comment

Did you know that 1 in 4 women will experience domestic violence in her lifetime?

The number one reason that women in abusive relations can’t “just leave” is because they are financially abused. Meaning that the women don’t have the financial security to leave their abuser. According to PurplePurse.com, financial abuse holds victims in abusive relationships 98 percent of the time.

During this year’s BlogHer conference, I learned about the Allstate Foundation’s Purple Purse Project, the longest running national campaign focused on ending domestic violence through a proven solution: financial empowerment. They’ve invested over $50 million dollars since 2005.

In this powerful video, Allstate shows that you can’t always see financial abuse. To help people notice it, bystanders were offered a glimpse into a victim’s life through a lost purse.

Tennis star Serena Williams spoke at the conference about her support for the purple purse project. For organizations, a friendly fundraising competition is starting in October. If you know of a non-profit organization that offers domestic violence and financial empowerment services, tell them to check it out and consider becoming a community partner.

For individuals, consider showing your support with a purple purse charm. I’m sporting mine on my new Herschel backpack.

No one should be subjected to abuse and have their financial freedom taken away from them. The Purple Purse Project website has resources for victims and for individual wanting to help. I hope you’ll take a moment to learn more.

The Disney Highway in the Sky Dine Around Is a Must Try

August 2, 2017 by Keith Lauby Leave a Comment

My love for Disney spans decades. As a child, I sat mesmerized in front of our console television set, watching Walt Disney explain the development of Walt Disney World. Later, as an adult, I revel in Disney events like the Epcot International Food and Wine Festival.

That’s why I was more than intrigued when Sharlyn told me about the Disney Highway in the Sky Dine Around. What’s that, I asked. Think progressive dinner hopping from resort to resort along the world-famous Walt Disney World monorail. They call it a “dinner unlike any other” and it more than lives up to that!

Check-in took place at The Wave. . . of American Flavors restaurant at Disney’s Contemporary Resort. They had a small reception area where we received our dine around passes and enjoyed some informal networking time with our intimate group of approximately 30 fellow diners. That was aided by an adult beverage (less than adult is also available) and a delightful amuse bouche of smoked pea and bacon soup. Yum! While we noshed, we were introduced to our hosts who would patiently guide us along our evening’s dining adventure.

After just the right amount of time to get things started, our hosts escorted us to the monorail landing where we were whisked off to Disney’s Polynesian Village Resort. The Poly (as those in-the-know call it) had a decorated area where we enjoyed our appetizer course. Reminiscent of a Hawaiian luau, servers presented three small plates of island inspired fare accompanied by ukulele music. My favorite was the sushi, though I’m not much of a seafood fan. It was just that good!

Back onboard the monorail, we passed through the Disney World Transportation and Ticket Center on our way to Disney’s Grand Floridian Resort and Spa. The first stop was the Garden View Tea Room where afternoon tea is typically served. For our group, however, they delighted us with champagne and charcuterie before escorting everyone up to their Mediterranean styled restaurant Cítricos.

For our main course, we were treated to surf and turf with fall-off-the-bone tender short ribs paired with halibut. Not a fish eater like me? No problem, we’re happy to give you extra short ribs! The entrée is served with your choice of red or white wine. Our final trip on the monorail brought us back to Disney’s Contemporary Resort for dessert and an exclusive view of the Happily Ever After fireworks show. And, when I say exclusive view, you could almost reach up and touch the monorail whenever it passed directly overhead.

Part of the enjoyment was the many informal conversations with the other guests. We had the pleasure of meeting several people who shared our admiration for all things Disney. We even learned about other events to check out in the months ahead.

Our dining adventure was complete and there was never a disappointment. My love for Disney continues, though it costs a little more. Okay, a lot more at $150 per person plus tax and gratuity. Make no mistake, this specialty dining experience is limited in size and availability. Even if you plan ahead, you may have to be flexible with your dates to get a reservation. But, as chef Alton Brown likes to say, your patience will be rewarded.

What We’re UP to – July 2017

July 26, 2017 by Sharlyn Lauby Leave a Comment

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

Watching | Jaws

> It’s Shark Week and our annual tradition is watching “Jaws”. It’s hard to believe the movie has been around since 1975. Wow, I feel old. But it’s a classic and we have so many of the lines memorized. “You’re gonna need a bigger boat.”

Reading | Strip Tease

> I’ve become a big fan of Carl Hiaasen novels. I started with “Bad Monkey” and was immediately chastised for not reading them in order. So, I’m going back to the beginning and am currently reading “Strip Tease”. I like the South Florida setting and the juxtaposition of comedy and crime.

Working On | Fantasy Football

> Our seasonal distraction is Fantasy Football. We almost gave it up after last year. Hopefully this season will be better. Every year we seem to develop a series of rituals that we think are going to help us win. Like eating chicken and waffles on draft day. Oh, and wearing our favorite team’s jersey on Sundays. Wish us luck!

Feeling | Relieved

> The draft for my book, “The Recruiter’s Handbook” has been turned in. woohoo! Even though I still have plenty of other work projects, it’s a nice feeling to have the draft completed. Now, I just wait for the edits. And to celebrate, we’re hoping to take a little staycation.

Planning | Meals

> My travel schedule is light for a next few weeks, so I’m looking forward to spending some time in the kitchen. My plan is to make and freeze a few items – muffins, egg rolls, and maybe some mini frittatas. It’s better for our budget and waistline.

Loving | phd athletica

> Our friend and Pilates instructor just launched a new lifestyle site called phd athletica. I’m in love with graphic tees right now so, I bought one and it is fabulous! The material is so soft! I can’t begin to tell you how nice this tee is. It will be traveling with me everywhere.

Geeking | Neko Atsume

> If you’re looking for an electronic distraction, this is it. Neko Atsume means “cat collection” and that’s what the game is about, collecting cats. You feed them, give them toys, etc. I like that I can be as active or inactive as I want to be with this app. And the cats are adorable – great for a quick moment of zen.

What’s UP with you?

Image captured by Sharlyn Lauby at the Gaylord Palms Resort in Orlando, FL

Bookmark This! #myRA Retirement Edition

April 26, 2017 by Sharlyn Lauby Leave a Comment

There’s a well-worn statistic from Pew Research that says roughly 10,000 Boomers will turn of retirement age every day for the next decade. That translates into a lot of people planning for their retirement (and unretirement).

One specific component of retirement that comes up frequently is finances. Many articles have been published about Boomers not having enough savings for when they retire. In fact, I recently ran across the term “Threshold Generation” to describe individuals nearing retirement who saw their savings disappear during the Great Recession, hence being on the threshold of retirement. According to a study from the Employee Benefit Research Institute (EBRI), only 18 percent of people are confident they have enough in savings for a comfortable retirement.

Back in 2015, the U.S. Treasury launched myRA, a retirement savings account for employees who don’t have access to a savings plan at work or have not found an easy way to start saving, such as part-time and seasonal employees. They found that among workers who do not participate in a 401(k) or other defined contribution plan, 42 percent say it’s because their employer does not offer one. Furthermore, a 2015 BLS Economic Release found that 62 percent of part-time workers don’t have access to a savings plan at work for when they retire.

When the program was introduced, U.S. Treasury Secretary Jacob J. Lew made this statement, “myRA is designed to remove common barriers to saving, and give people an easy way to get started. myRA has no fees, no risk of losing money and no minimum balance or contribution requirements. To make saving easier than ever, you can now put savings into myRA directly from your bank account.”

I’m not a certified financial planner. So, I can’t tell anyone how to save and invest their money. But I do know that if individuals are unable to care for themselves financially, it will have an impact on their lives and their work. Becoming financially literate is essential.

If you’re looking for retirement resources, a friend recommended to me Retirement Security SmartBrief. It’s a curated collection of articles about preparing to retire. I’ve found it to be interesting and very diverse in thought. Just in case you want to check it out.

Image captured by Sharlyn Lauby off the coast of Miami, FL

Enough is Possible – #WordlessWednesday

March 8, 2017 by Keith Lauby 2 Comments

The best part of unretirement is freedom. We each get to decide what is enough – enough time spent working, enough revenue, enough free time doing the things we love.

Image captured in the Wynwood District of Miami, FL

9 Lessons Learned While Recuperating from Surgery

March 1, 2017 by Sharlyn Lauby 6 Comments

I ran across a blog post recently about lessons learned from wearing a leg cast. Since I recently had surgery on my ankle, and wore a cast for several weeks, I thought I would come up with a list of my own.

So, here are my 9 lessons learned while recovering from surgery:

Learn how to talk about your health. Keith and I were forced to deal with this early in our relationship. You can read about it on this post about health care. But even for us, as we are getting older, we’re reminded that we have to let go of some of the mystery and start openly talking about all aspects of our health.

Listen to your doctor. What you do during your recovery impacts the rest of your life. I broke my back when I was 23 years old. And now, thirty years later, I’m happy to say that I do not have any back pain. I attribute that to listening to my doctor. When he told me not to lift anything heavier than a glass of water, I did it. It’s tough, especially when you mentally feel fine.

Plan ways to make your recovery easier. We don’t always get the benefit of planning surgeries in advance. But when you can, make sure you do. We made meals in advance so Keith didn’t have to initially worry about doing those things. As I progressed in my recovery, I was able to help more.

Think about how to you will do the necessities of life such as bathing, driving, etc. With my knee scooter, there were rooms in our house I couldn’t get into – like the water closet in our master bath. It’s too small. Or the laundry room. Luckily, I was able to get my knee scooter a couple of days prior to surgery, so I could figure out how I was going to bathe and get around the house.

Get comfortable asking for help. I consider myself a pretty independent person. So, it’s hard for me to ask for assistance to do things around the house. But I have to. I will say that spending $20 on a basket for my knee scooter was money well spent. I was able to carry my iPad around the house. I also used the water bottles from conferences for drinking so I didn’t have to worry about it spilling as I scoot around.

Be grateful for little things. And let little things slide. You will be amazed at the little things you can and cannot do when you’re recovering. I was non-weight bearing for several weeks so I couldn’t put my foot on the floor. Trust me when I say, doing everything on one foot isn’t easy. It also means that I needed to let Keith do things that I would normally do, his own way. I will admit (and I’m sure Keith would agree), that’s not as easy as it might seem.

When you look different, people treat you different. And unfortunately, I don’t always mean that in a good way. I found this to be the case when I was 23 and it’s sad to say that it still holds true today. Don’t’ get me wrong, some people are wonderful and helpful when you interact with them. Others assume that, because you have a physical disability, whether it’s temporary or permanent, that you also have an intellectual disability.

Thank your caregiver. AND, plan a thank you for your caregiver. Keith jokingly told me that he was “paying it forward” for the time that I will be his caregiver. And I’m sure that’s true. But he still deserves to hear the words “thank you.” AND, I’ve promised that I will take him out for dinner or a little staycation once I’m able to do so.

Don’t expect to be back to “normal” as soon as the problem area heals. At some point, the doctor will give me the go-ahead to start resuming normal activities. When that moment comes, I need to remember that I will not be ready for Pilates or walking on the treadmill or probably a whole bunch of stuff. Pacing myself will be important. Remember #1 – listen to your doctor and your body.

There’s nothing more important than your health. When you have an illness, surgery or injury, take time to properly rest and heal. In the big picture, a few days/weeks/months of recovery, can make a big difference in the way you feel.

Image captured by Sharlyn Lauby at the Liberty Hotel in Boston, MA