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Is Retirement the Best Thing that Can Happen to You?
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May 24, 2017
Join me today #LittleWhiteLie and let’s connect at TheLittleWhiteLie.com Today’ topic is: Retirement and we ask the question: Is Retirement the Best Thing that Can Happen to You? Our guest today John Tarnoff, the author of the best selling book: Boomer Reinvention: How to Create your Dream Career Over 50. He is a reinvention career coach, speaker and author who helps his fellow Baby Boomers transition to meaningful careers beyond traditional retirement. Fired 39% of the time during his fast-paced 35-year career as a media/entertainment exec, he reinvented and re-launched his career at age 50, earning a Master’s degree in psychology to focus on professional development and training. Some of the things we discuss: 1. Retirement and the challenges that come with it. 2. Retirement or Reinvention? 3. Have boomers saved enough? And you can do this too. So…. What do you think? Is Retirement the Best Thing that Can Happen to You? Post in the comments. With the hashtag #LittleWhiteLie You can get John’s book on amazon here: http://bit.ly/JTBoomer Visit John at his website: http://www.johntarnoff.com Check out http://www.TheLittleWhiteLie.com and get my free guide: The 5 steps to uncovering your gray Infographic. To schedule time with Caren: http://www.ConnectWithCaren.com
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0:01
hello everyone Karen Glasser here and
0:04
welcome to this episode of the little
0:07
white lies this is the movement where we
0:10
encourage you to love the age that
0:12
you're in each week I invite my guests
0:15
to share their stories and their
0:17
expertise and their tools and their tips
0:19
and their strategies and how we can
0:21
embrace our very best authentic self and
0:24
to say yes to embracing our little white
0:27
lie so if you're here on replay I'm
0:30
delighted you're here and replay make
0:32
sure that you comment below because we
0:33
want to hear from you and we'll make
0:35
sure that we go in and you know answer
0:38
and answer the questions and comments my
0:41
guest as well John turn up and we'll be
0:43
inviting them in and just a second and
0:45
if you're watching the show go ahead and
0:48
share it with little share button send
0:51
it off to whomever you want to share it
0:53
with and invite them to join us on the
0:56
show and as I do every single week I do
0:59
my reveal so today here is my reveal yes
1:04
it's growing out and I'm loving it I
1:07
truly am still loving it for those of
1:08
you I get emails and messages so how's
1:10
the transition going it's going great
1:12
I love it let's make sure that we
1:15
connect on the site little white light
1:18
calm the little white light come it's up
1:20
there on the screen and when to comment
1:23
in the posts down there make sure to use
1:26
the hashtag hashtag little white lies
1:28
and that I can follow you on social
1:31
media and we can just put that into
1:33
search and all of your comments will
1:35
come up in one place so without further
1:39
ado it's time for me to talk about the
1:41
topic and invite our guests in today
1:43
we're talking about retirement
1:45
retirement and we ask the question is
1:49
retirement the very best thing that can
1:52
happen to you I don't know is it let's
1:54
find out I invite my guest John karna
1:57
Vint he is the author of the
1:58
best-selling book boomer reinvention how
2:01
to create your dream career over 50 he
2:04
is a repeat visitor because we love them
2:06
so much the first time we're bringing on
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back John I just love what you have to
2:11
say
2:12
we're just going to go ahead and invite
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you in but I have a question for you can
2:15
you tell us what your little white lie
2:17
is you have a little white light why Oh
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God
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I'm happy I want to get back to you on
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that but I'm sure I can come up with a
2:24
doozy ah Texas I hope it doesn't rise
2:28
Minh because I think that transparency
2:30
is the is the watchword of our H I agree
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with that I totally agree with that so
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let's just jump right in let's talk
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about retirement okay his retirement the
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best thing in the world or not much I
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think you kind of know my answer because
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I am a I am I suppose you could call me
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an anti retirement advocate and I just
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think that retirement is is an outdated
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concept and you know even just when you
3:04
think about the meaning of the word
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retirement
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I mean why in this day and age cooking
3:12
for our generation would anyone want to
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to retire to to go to sleep to separate
3:18
ourselves to kind of sequester ourselves
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off in some strange you know prison is
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the word that comes to mind where we're
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no longer engaged in our lives there is
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so much amazing stuff happening
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I feel quote-unquote younger and this
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gets into the whole Aegeus conversation
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frankly I certainly feel more engaged
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more vital more curious more
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appreciative of life at this point I'm
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65 so I should be thinking about
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retirement
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I mean God is gonna be a bit of a stream
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of conversation fume of consciousness
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conversation there's so many messages
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about what we should be thinking about
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at this age we were we were raised at a
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time when retirement was this kind of
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natural outgrowth of getting good
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education having good career and then
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you've got have got to sail often and I
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don't know
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do nothing have fun go on cruises play
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golf I don't play golf personally
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I'm not a big fan of cruises I don't
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really trust how they prepare their food
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so um I've got a lot of other things
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that I want to do I want to continue to
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earn a living and most of us if you meet
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the statistics need to continue to earn
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a living because we've under saved for
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retirement
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we have aging parents who are living
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longer and need more health care we have
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grown millennial children who are in 30
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percent of the cases still living at
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home and our slow to launch so why are
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people drawing us that we're done well
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it's it's so interesting
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so I've totally resonate with what
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you're saying my husband is a little bit
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older than I'm 60 so on I'm not not that
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much behind you my husband is 72 he's
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going to be retiring but he was to say
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he's semi-retired because he doesn't
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want to retire he wants to move on to
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the next best part of his life and so
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he's already got plans this you know
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cruises are nice I do we put it on the
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cruise by the way just want to let you
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know but you know what I have said I've
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actually said that I wanted to retire
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but I didn't really mean in the sense of
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the word that I wanted to just stop
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everything that I was doing it's more
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moving on to the neck of my mother I
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reinvent exactly and I want to put your
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book up right now
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because you you know you you made that
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you wrote this amazing book called
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boomer reinvention and it really is
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about reinventing ourselves we're not
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just not retirement ourselves we're
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reinventing ourselves right and I also
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think that and I I've had a lot of
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session about this soon as term
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reinvention and one of my dear friends
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is a guy named Mark Freedman who founded
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and runs on Korg which is a phenomenal
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nonprofit that seeks to put older
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professionals in to nonprofits and to
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social social good and has a really
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phenomenal program right now about
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bringing generations together in this
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intergenerational teacher that we're all
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trying to create and heal I initially
6:30
connected over this word reinvention and
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he had written an article which I took
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issue with about the idea that the word
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reinvention is too
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it's just wrong but it's like it's just
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too it's too tough to do that there is
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so much cuts flippant conversation in
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the culture today and the press about oh
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look who's reinventing themselves and
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it's obscure I read enough to I'm n you
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have a whole life this motor everybody
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wanted like that when in reality it's
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tops it's time to make that switch and I
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agree
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so reinvention is not for the faint of
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heart but at the same time I think that
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that reimagining your life doesn't
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actually get anything done because
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you're stuck in your imagination oh I
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could do that I could do this but you
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actually make the change how do you how
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do you actually make the pivot what are
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the techniques what are the tools or the
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practices that you need to to adopt in
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order to change your life around in
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order to continue to earn an income in
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order to either save the job that you
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have or figure out a better job that you
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could actually exhibit to in your 50s or
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60s that requires some work it requires
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some thought some planning some research
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some interaction with people so I put
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the book together really to promote the
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idea that there is a future for us that
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is an active engaged future and here's
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how to do it so you know you mentioned
8:00
something you said one of the things
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about retirement is that a lot of people
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can't afford to retire right I mean they
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even if they wanted to whatever that
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look like in the future they can't
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afford to cuz have boomers actually like
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saved enough and well what are the
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challenges around that basically we
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haven't saved up and you know there's a
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lot of conversation out there about you
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know why we did this and how how spec
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--let's we are and how selfish we are
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generation and and I don't know I mean
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I'm not going to kind of wade into that
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conversation try to defend us up and
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down you know we may have made some
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mistakes and I think there are so some
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reasons for for why we did this and I
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think there were some messages that we
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were sold by the financial services
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establishment about how everything would
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be okay and we could just leave order
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there
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houses continuously and and use our
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credit cards like a piggy bank and etc
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etc now we find ourselves in this
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situation where the chain has kind of
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been jerked back so we land ourselves in
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the situation but I think the good news
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is that rather than go okay I made a
9:14
mistake take care of me
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society Social Security a pension plan
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like whatever so facing that we need to
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take responsibility and create a
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sustainable ongoing career for ourselves
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that we can then work with as long as we
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want to work as long as what I'm healthy
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enough to work etc so we have a comment
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from Nancy Ferrari who says she's not
9:41
going out to pasture the second phase of
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amazing possibilities await here hair I
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think that's awesome I would totally
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agree with you and she also has the
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hashtag retirement rocks so huh so
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interesting I you know Nancy I'm going
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to actually call you on that because in
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one you just told us that retirement
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rough but you're not going out to
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pasture the second phase of your life is
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going to be even better carry over here
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yes yeah I would I would invite you to
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rephrase that my hashtag has reinvention
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rocks please there you go I love that
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totally limited for the Herman as I said
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retirement does not rock you know the
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idea of disconnecting yourself from life
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from career from other people from
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people in younger generations who fell a
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lot to contribute to your life I mean
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why would you do that
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right why would you separate yourself so
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I guess the question begs to be asked
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then how do we reframe that whole
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retirement slash reinvention in our
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minds as we age and this is what it's
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all about this is what the little white
10:42
lie is all about as we age how do we
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frame these things in our head instead
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of saying we're retiring or reinventing
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ourselves how do we take that next step
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to live our best life as boomers or
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whatever age worth well I think first of
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all you know we're having kind of a
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condensed conversation here but but I
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think we all have to get
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of the labels and and it's really not
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about retirement or reinvention or
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reimagine ation or reconfiguration or
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whatever the word is that we want I
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think we have to be clear and specific
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about what it is that we want to do in
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the lifestyle that we want to live so
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really is now back to Michael and the
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way I see it is the future that you want
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is inside you the job the you know the
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semi-retired job what if you want to
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call it the activity that you want to
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pursue whether you're doing this because
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you want to earn money or needs earn
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money or because you want us to engaged
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or because you have a cause or a purpose
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that you want to fulfill all of that is
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inside you and the important thing to do
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at this stage in life is to figure out
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what that is and really what your
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priorities are around that and put a
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plan together for how you're going to
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build from where you are now which may
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include a full time job it may be that
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you've just been downsized from a job
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and you're trying to get yourself back
12:07
on your feet whatever your situation is
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there's a plan there there's a plan
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there to create the life that you want
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because you're going to be around for a
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while now the the stat is that about a
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third of people who are 65 years old
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they're going to make it past 90 so odds
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and the odds getting better the older
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you get the older you're going to get
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right and I actually I believe that my
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folks are still alive and 81 and 83
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they're both still working full time how
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amazing is that
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and I mean I so I come from good stock
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and I plan on what I'm going into my
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next you know my next life at this point
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at sixty like only intend on living at
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least 290 you know whoever's up there
12:54
listening to that we're broke that is
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definitely my intent
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let me show up throw up some comments
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what is retirement so Roy says retire
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mince is a noun the action or fact of
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leaving one job and ceasing to work that
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is the actual definition of retirement
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interesting and we've got and so Nancy
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to take your advice and she has
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reinvention rocks
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ah that's great I'm putting also one up
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from Betty Ann yes no labels because
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those things change during our lives I
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want to do certain things now and I
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suspect I want something different two
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years ten years from now that takes
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planning I agree as well so this is
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great
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the other thing I think that the Betty
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Ann brings up which i think is really
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important is this idea that that our
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ideas change over time and we are not
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the same people that we were at 20 or 40
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and all the cumulative experiences that
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we've had whether they are in work or in
13:52
life have a have a result and so I
13:57
caution people who are looking to pivot
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to their second act career who have a
14:05
long-held hobby or a frustration or
14:09
maybe they quit school to raise the
14:12
family and now they want to go back and
14:13
complete their degree that may be a good
14:16
plan but I also caution people to take a
14:20
inventory of where they are now and what
14:24
is really important to them now as
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opposed to what was important when you
14:28
and your 20s and and make the plan based
14:32
on today not on on the past good advice
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good advice and throwing one more
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comment from Michael Arlen Corporate
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America does not want people over 45 and
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the gig economy takes advantage of human
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resources demographically the workforce
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will eventually need baby boomers who
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have experiences or skills right right
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I agree the math the math actually is in
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our favor and you know corporate America
14:57
is really behind the curve there are so
15:00
many studies out there and increasing
15:02
research to support the idea that older
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workers provide incredible value in the
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workplace not that we are better
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necessarily the younger generations I
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think we have to watch our attitude
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about that and the the reverse ageism
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that we will weaken tend to inflict on
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younger generations we all have to work
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together there's great things that we
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can learn from Millennials and Gen Xers
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and there's great things that they can
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learn we don't all need to be working
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together and I think that increasingly
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for Sal
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economic reasons uh corporate America's
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going to realize that it makes more
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sense to keep us around keep us employed
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and if we're employed then we're making
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money we're spending money then we're
15:45
not a drag on the economy so it's a
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win-win absolutely so you know for our
15:50
viewers that are wondering how do they
15:52
get in touch with you they can go over
15:54
to John
15:54
Tarnoff dot-com I'm going to put a link
15:57
to your book actually in the status for
15:59
those of you who want to go ahead and
16:00
just get this book you should it's
16:02
really awesome I've read it
16:04
cover-to-cover
16:04
you really should pick up a copy I'm
16:06
going to show just a few more comments
16:09
because you know why not ephra Roga says
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I think no matter what we call it we
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should always pursue our passion no
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matter our age amen and Michael in
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response to your comments John on his
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first comment we need to make our own
16:23
opportunity absolutely right we need to
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take a 100% responsibility for it and
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you know what some great stats on this
16:31
of course counseling foundation that
16:33
focuses on entrepreneurship a different
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sentence four years older entrepreneurs
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over 40 over 50 are twice as likely to
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succeed in starting new businesses and
16:43
younger entrepreneurs mainly uh yeah and
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it's obvious right we have more
16:48
experience we like experience with work
16:50
experience we can see the problems
16:52
coming another thing which I mean is
16:54
interesting I read this statistic
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recently is that in a survey of
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individuals from 55 to 65 and I think it
17:04
actually may have gone up higher eighty
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percent of them any percent of people
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who were forced to reinvent their
17:13
careers eighty percent of them being
17:14
those reinventions successful so if you
17:19
are concerned that at this advanced age
17:23
you don't have the chops to do it or
17:25
you're too tired or you don't know what
17:27
you would do or you know it's an aegis
17:30
Society so why bother truth is that you
17:34
are 80% likely to be successful and
17:38
happy about the decision that you made I
17:40
love that that's that's good news I
17:42
think that really really good news it's
17:44
News so again I'm going to put your
17:47
website up just again who are those
17:49
people who are write it down keep on you
17:52
know write it down go click on it and
17:54
then go go check it out and I'll put the
17:56
link to the book up in the top as well
17:58
and for those of you who have not yet
18:00
visited the little white live.com why
18:03
not go visit it there's a bunch of
18:05
amazing shows over there and we're
18:08
following this journey of people who are
18:10
literally loving the age that they're in
18:13
no matter what the ages and you know
18:15
we've gotten a lot of comments from from
18:17
people that are writing in both you know
18:20
that there are a hundred percent behind
18:22
what we're doing and then questioning
18:24
are we telling people what they're
18:25
supposed to do no we're not we are
18:27
telling we are actually requesting and
18:30
suggesting strongly that you do what
18:33
makes you happy not with somebody else
18:35
tells you to do no matter what age
18:37
you're in go tackle that little white
18:39
lie whatever it might be John I am just
18:42
delighted that you came and visited us
18:44
again you will be Babylonian Bibles
18:46
you're always so much fun go ahead and
18:49
make sure that you has tagged little
18:51
white lie when you're commenting and and
18:53
send it out to the universe make sure
18:54
you comment down below John and I will
18:56
both go back in there and make sure we
18:58
respond to you and we want to thank you
19:01
because we know that you have a choice
19:02
as to where you spend your time we want
19:04
to thank you for spending it with us
19:05
today we'll see you next week next time
19:07
on the next episode of the little white
19:10
lie so bye everyone
#Self-Help & Motivational
#Seniors & Retirement