Index
Symbols
401(k), 54-56
A
AARP, 29
accentuating strengths, 74-75
access to desired opportunities, factors to consider during decision-making, 20-21
activities, meaningful activities, 91-92
choosing, 102-105
community or charitable activities, 96-99
leisure activities, 94-95
personal learning and growth, 99-100
professional work, 92-94
social interaction, 95-96
Adam@home comic strip, 82
adopting learning mindsets, 127-128
affirmation, 95
age discrimination, 147
challenging, 151-152
age ranges of those in workforce, 137-138
age-diverse workforces, managing, 181
ageism, 73
aging
decline in capabilities, 65-69
capacity to learn and solve problems, 71-72
hearing, 69
intelligence, 68
memory, 71
reaction time, 70
vision, 69
functional age, 75-76
Anderson, P., 151
annuities, sources of income, 58-59
appearance, dealing with stereotypes, 76-77
applying what you learn, 130
assessing your situation, asking the right questions, 3-4
auditory learning, 123
Avenue Montaigne, 14
avoiding smoking, 81-82
B
baby busters, 167
Bardwick, Dr. Judith, 126
Baruch, Bernard M., 65
benefit plans, defined-benefit pension programs, xxvi-xxviii
Bernanke, Ben, 131
bias, dealing with, 73-74
accentuating your strengths, 74-75
functional age, 75-76
looking your best, 76-77
showing pride, 77-78
Boomer Project National Study, 20
boomers
characteristics of generation, xix-xx
early influences on, 162-167
enormity of the boomer generation, 134-135
staying in the workforce, 135-137
bridge employees, 37
Brown, Kathi, 89
Butler, Richard, 152
Butler, Robert N., 76
C
Cahill, Rob, 5
Campbell, Joseph, 12
capabilities, decline in due to aging, 65-69
capacity to learn and solve problems, 71-72
hearing, 69
intelligence, 68
memory, 71
reaction time, 70
vision, 69
caregiving responsibilities, factors to consider during decision-making, 19-20
Carnegie, Dale, 125
cautiousness, 70
Certified Financial Analysts (CFA), 63
Certified Financial Planner (CFP), 63
challenging
age discrimination, 151-152
myths
boomers can afford to retire, xxvi-xxix
boomers continue to work for the money, xxxi-xxxii
boomers have difficulty learning and changing, xxxii-xxxiv
boomers must compete with younger generations in the workplace, xxxvi-xxxvii
capabilities that decline with age impede work performance, xxix-xxxi
it’s too late to make big changes, xxiii-xxiv
jobs are not available for boomers, xxxiv-xxxvi
retirement is a cliff we must jump off at a certain age, xxiv-xxvi
change, determining how much change you want
creating a to-do list, 15
going for one big thing, 16
renewing your work passion, 14-15
staying the course, 13
transforming yourself, 16-17
changes, making big changes, 1-3
changing the way you work, 41
characteristics of boomer generation, xix-xx
charitable activities, meaningful activities, 96-99
charting your own future, lessons learned from experience, 8-9
charting your own path for learning and growth, 128-129
choices
becoming a free agent, 42
changing the way you work, 41
deciding to transform your life, 42-43
deciding when to retire, 41
switching employers, 41
choosing meaningful activities, 102-105
Churchill, Winston, 127
clarifying your purpose, 128
Cohen, G.D., 73
collaboration, relating to other generations, 180-181
comfort zones, expanding, 126
communication, relating to other generations, 179
community activities, meaningful activities, 96-99
connections, 83
maintaining, 83-85
creativity, 115-116
Cross, Patricia, 70
crystallized intelligence, 72
D
deciding when to retire, 41
decision-making, 4
becoming a free agent, 42
changing the way you work, 41
deciding when to retire, 41
factors to consider, 17
access to desired opportunities, 20-21
caregiving responsibilities, 19-20
finances, 17-18
health, 18-19
independence and flexibility, 21-22
others’ preferences, 19
switching employers, 41
transforming your life, 42-43
declining capabilities, 68-69
capacity to learn and solve problems, 71-72
hearing, 69
intelligence, 68
memory, 71
reaction time, 70
vision, 69
defined-benefit pension programs, xxvi-xxviii
Dewey, John, 107
diet, healthy lifestyle choices, 81
discrimination, 146-147
challenging, 151-152
disease prevention, 82
disenchantment phase, 114
Duka, Walt, 100
Dychtwald, Maddy, 11
E
early retirement, xxvii
economic growth, workforce, 145
education, 109
Elderhostel, 120-121
employers, switching, 41
equity in your home, sources of income, 56-57
eustress, 85
managing, 85
exercise, 80-81
experience
lessons learned from
chart your own future, 8-9
don’t go it alone, 7
knowing yourself, 6-7
mental models, 8
thinking positively, 5-6
stages of life, 9-12
experiences, defining generations by, 159-160
early influences on, 161-162
early influences on boomers, 162-167
early influences on Generation X, 167-172
early influences on Generation Y, 172-176
F
factors to consider when decision-making, 17
access to desired opportunities, 20-21
caregiving responsibilities, 19-20
finances, 17-18
health, 18-19
independence and flexibility, 21-22
others’ preferences, 19
Family Caregiver Alliance, 51
finances, factors to consider during decision-making, 17-18
financial plans, forming, 62-64
finding functional age, 75-76
flexibility, factors to consider during decision-making, 21-22
flexible work arrangements, xxvi
reasons for working past retirement age, 38-40
fluid intelligence, 72
Ford Motor, early retirement, xxvii
Ford, Henry, 108
formal learning programs, 118-119
Forrester Research, 83
Frankl, Victor, 105
free agents, deciding to become, 42
functional age, 75-76
future orientation, 83
G
Generation X, 134
early influences on, 167-172
education, 140
Generation Y, 134
early influences on, 172-176
generational bilingualism, 167
generational differences, leveraging, 157-158
generational identities, 159-160
generations
defined by early influences, 161-162
boomers, 162-167
Generation X, 167-172
Generation Y, 172-176
defined by shared experiences, 159-160
multiple generations in the workforce, 157
leveraging generational differences, 157-158
relating across, 176-178
adapt to own behaviors to build understanding and collaboration, 180-181
appreciating common qualities, 178
communication, 179
encouraging learning, 179
managing age-diverse workforces, 181
relationships, 180
generativity, 104
Gergen, Kenneth, 77
Gladwell, Malcolm, 5
going for one big thing, 16
gray ceiling, xxii
growth (personal)
meaningful activities, 99-100
taking charge of, 127
adopting a learning mindset, 127-128
applying what you learn, 130
charting your own path, 128-129
clarifying your purpose, 128
shaping your learning environment, 129-130
H
Handy, Charles, 101
health, factors to consider during decision-making, 18-19
health care, 49-50
long-term care, 50-51
Medicare, 49
health savings accounts (HSAs), 50
healthy lifestyle choices, 78-79
disease prevention, 82
embracing technology, 82-83
exercise, 80-81
future orientation, 83
maintaining connections, 83-85
nutrition, 81
smoking, avoiding, 81-82
stress management, 85-86
hearing, decline in due to age, 69
Heffernan, Virginia, 157
heroic lives, 12
higher callings, 99
higher-higher education, 113
Holmes, Oliver Wendell, 104
home equity, sources of income, 56-57
honeymoon phase, 114
HSAs (health savings account), 50
I
IBM, educational sabbaticals, 120
immigration, filling gaps in workforce, 144
income, determining, 51-53
401(k), 54-56
annuities, 58-59
equity in your home, 56-57
inheritances, 57
investment growth, 57-58
pension benefits, 53-54
savings, 54-56
Social Security, 53
total retirement assets, 59-62
independence, factors to consider during decision-making, 21-22
influences that define generations, early influences, 161-162
boomers, 162-167
Generation X, 167-172
Generation Y, 172-176
inheritances, sources of income, 57
insurance, longevity insurance, 51
intelligence, 72
crystallized intelligence, 72
decline in due to age, 68
fluid intelligence, 72
Internet, for learning, 117-118
investment growth, sources of income, 57-58
J
job shortages, 144
Jones, Landon Y., 163
Jung, Karl, 103
K
Kitt, Eartha, 112
knowing yourself, lessons learned from experience, 6-7
knowledge loss, minimizing, 141-142
Kohl, Herb, 25
L
Lama, Dalai, 105
latch-key kids, 168
learning, 107-108
comfort zones, expanding, 126
decline in due to age, 71-72
encouraging and supporting, 179
meaningful activities, 99-100
options for, 116
Elderhostel, 120-121
formal programs, 118-119
live/learn arrangements, 121
One-Day University, 121
PCs and the Internet, 117-118
sabbaticals, 119-120
self-direct learning, 117
social action projects, 120
university-linked retirement communities, 122
preferred learning styles, 122
learning by doing, 125-126
listening, 123
visual learning, 124
taking charge of, 127
adopting a learning mindset, 127-128
applying what you’ve learned, 130
charting your own path, 128-129
clarifying your purpose, 128
shaping your learning environment, 129-130
targeting, 109
life-long learning, 111-112
professional development, 109-110
social contributions, 112-113
transitioning to retirement, 114-116
learning by doing, 125-126
Leider, Richard, 103
leisure activities, meaningful activities, 94-95
lessons learned from experience
chart your own future, 8-9
don’t go it alone, 7
knowing yourself, 6-7
mental models, 8
positive thinking, 5-6
stages of life, 9-12
leveraging generational differences, 157-158
life expectancy, 67-68
life timelines, 43
life-long learning, 111-112
lifestyle spending, 47-49
lifestyles, healthy lifestyle choices, 78-79
disease prevention, 82
embracing technology, 82-83
exercise, 80-81
future orientation, 83
maintaining connections, 83-85
nutrition, 81
smoking, avoiding, 81-82
stress management, 85-86
Lincoln, Blanche, 34
listening, preferred learning styles, 123
live/learn arrangements, 121
living expenses, determining, 46-47
health care, 49-50
lifestyle spending, 47-49
long-term care, 50-51
livingto100.com, 68
loneliness, 84
long-term care, 50-51
longevity insurance, 51
looking your best, 76-77
loyalty, 178
M
maintaining connections, healthy lifestyle choices, 83-85
management, 139-140
managing stress, 85-86
Massey, Morris, 155
maturity curves, 150
maximizing work opportunities, 152-154
McLuhan, Marshall, 94
Me Generation, 174
meaningful activities, 91-92
choosing, 102-105
community or charitable activities, 96-99
leisure activities, 94-95
personal learning and growth, 99-100
portfolio lives, 100-102
professional work, 92-94
social interaction, 95-96
Medicare, 49
memory, decline in due to age, 71
mental gymnastics, 80
mental models, lessons learned from experience, 8
Merrill and Verbrugge, 86
MetLife, concept of retirement survey, 30
mid-life crisis, 11
Millennials, 175
Miller and Katz, 133
mini-careers, xxxiv
minimizing knowledge loss, 141-142
Mitchell, Maria, 129
Mitchell, Olivia, 48
mortgages, reverse mortgages, 56
Munnell, Alicia, 53
myths
boomers can afford to retire, xxvi-xxix, 45
boomers continue to work for the money, xxxi-xxxii
boomers continue to work primarily for the money, 89-91
boomers have difficulty learning and changing, xxxii-xxxiv, 107-108
boomers must compete with younger generations in the workplace, xxxvi-xxxvii, 155-156
capabilities that decline with age impede work performance, xxix-xxxi, 65-67
heroic lives, 12
it’s too late to make big changes, xxiii-xxiv, 1-3
jobs are not available for boomers, xxxiv-xxxvi, 131-132
retirement is a cliff we must jump off at a certain age, xxiv-xxvi, 25-26
N
National Association of Insurance Commissioners (NAIC), 51
Nicholson, Trish, 100
nonprofits, 98
Novelli, Bill, 54
nursing shortage, 143
nutrition, 81
O
O’Toole, Peter, 91
obstacles, eliminating work obstacles for boomers, 146-148
One-Day University, 121
open-labor markets, effects of, 142-144
opportunities in the workforce, maximizing, 152-154
opportunities for work, 133-134
options for learning, 116
Elderhostel, 120-121
formal programs, 118-119
live/learn arrangements, 121
One-Day University, 121
PCs and the Internet, 117-118
sabbaticals, 119-120
self-directed learning, 117
social action projects, 120
university-linked retirement communities, 122
P
Paganelli, Valerie, 132
Paige, Satchel, 76
part-time work, 34-35
passion, renewing your work passion, 14-15
PCs, for learning, 117-118
pension benefits, 53-54
phased retirement, 37
personal plans, creating, 86-88
personal stories, John, Why retire at 55?, 23-24
phasing in retirement
disenchantment phase, 114
honeymoon phase, 114
pre-retirement phase, 114
reasons for working past retirement age, 36-38
reorientation phase, 114
plans
financial plans, forming, 62-64
personal plans, creating, 86-88
Portfolio Life, 102
“portfolio life”, 100-102
positive thinking, lessons learned from experience, 5-6
pre-retirement phase, 114
preferred learning styles, 122
learning by doing, 125-126
listening, 123
visual learning, 124
preventing disease, 82
pride, showing, 77-78
problem solving, decline in due to age, 71-72
professional development, 109-110
professional work, meaningful activities, 92-94
professionals, 139-140
purpose, clarifying, 128
Q
qualities, appreciating qualities of other generations, 178
questions, assessing your situation, 3-4
R
Ramen, Rachel Naomi, 18
reaction time, decline in due to age, 70
RealAge, 75
reasons for working past retirement age, 31-34
flexible work arrangements, 38-40
part-time work, 34-35
phasing in retirement, 36-38
trying something new, 35-36
relating across generations, 176-178
adapt your own behaviors to build understanding and collaboration, 180-181
appreciating common qualities, 178
communication, 179
encouraging learning, 179
managing age-diverse workforces, 181
relationships, 180
relationships
maintaining, 83
relating to other generations, 180
renewing your work passion, 14-15
reorientation phase, 114
respect, 178
retirement
considerations for, 27-30
phasing in, 36-38
transitioning to, 114-116
retirement assets, sources of income, 59-62
reverse mortgages, 56
S
sabbaticals, educational sabbaticals, 119-120
Sadler, W. A., 74
sandwich generation, 166
savings, 54-56
Schwartz, Harvey, 130
self-directed learning, 117
Seligman, Martin, 6
Selye, Hans, 85
shaping your learning environment, 129-130
silent generation, 159
Simonton, D. K., 116
size of boomer generation, 134-135
smoking, avoiding, 81-82
social action projects, 120
social contributions, 112-113
social interaction, meaningful activities, 95-96
Social Security, 53
sources of income, determining, 51-53
401(k), 54-56
annuities, 58-59
equity in your home, 56-57
inheritances, 57
investment growth, 57-58
pension benefits, 53-54
savings, 54-56
Social Security, 53
total retirement assets, 59-62
stages of life, experiences, 9-12
Stallone, Sylvester, 13
staying the course, 13
Steinem, Gloria, 155
stereotypes
of boomers in the workforce, 148-151
dealing with, 73-74
accentuating your strengths, 74-75
functional age, 75-76
looking your best, 76-77
showing pride, 77-78
Stevens, John Paul, 72
stimulation, 72-73
strengths, accentuating, 74-75
stress, managing, 85-86
support, lessons learned from experience, 7
switching employers, 41
T
talent crisis, xxi-xxii
targeting learning, 109
life-long learning, 111-112
professional development, 109-110
social contributions, 112-113
transitioning to retirement, 114-116
Taylor, Jeff, 35
technical occupations, 139-140
technology, embracing, 82-83
thinking positively, lessons learned from experience, 5-6
three-generation sandwich, 48
timelines, 43
to-do lists, creating, 15
Toossi, 136-137
transforming yourself, 16-17, 42-43
transitioning to retirement, 114-116
transitions, life experiences, 11
trust, 178
trying something new, reasons for working past retirement age, 35-36
Twenge, Jean, 135
twenty-something generation, 167
U
university-linked retirement communities, 122
V
values, 178
VanDerhei, Jack, 56
vision, decline in due to age, 69
visual learning, 124
W-X-Y-Z
Wachovia Securities advertisement, 45
Ware, Ciji, 64
Welch, Jack, 5
work
flexible work arrangements, 38-40
part-time work, 34-35
reasons for continuing past retirement age, 31-34
flexible work arrangements, xxvi, 38-40
phasing in retirement, 36-38
trying something new, 35-36
work opportunities, 133-134
boomers staying in, 135-137
change in age mix of, 137-138
economic growth, 145
effects of open-labor markets, 142-144
eliminating obstacles for boomers, 146-148
filling needs through immigration, 144
management, professional, and technical talents, 139-140
multiple generations in the workforce, 157
leveraging generational differences, 157-158
opportunities, maximizing, 152-154
stereotypes of boomers, 148-151
workforce crisis, xxi-xxii
workforce participation rates, 136
workforces, managing age-diverse workforces, 181
Wright, Frank Lloyd, 72
Wyatt, Watson, 132