Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Not Quite Ready to Retire? How to Get an "Encore Career"
Old 01-14-2013, 12:13 PM   #1
Recycles dryer sheets
 
Join Date: Dec 2009
Posts: 349
Not Quite Ready to Retire? How to Get an "Encore Career"

"The so-called "encore career" is continuing to gain ground among millions of baby boomers. The idea is to create a new career out of a passion -- and a desire to make a positive social contribution. Salaries are sometimes smaller, but there is a great sense of purpose."

Not Quite Ready to Retire? How to Get an "Encore Career" - Yahoo! Finance

Just curious if anyone is familiar with this
__________________

__________________
zedd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-14-2013, 01:00 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,977
There have been several threads on the topic, though as you can see from the site name, it's not a popular idea among some/many members.

I read his original book when it came out in 2008 Encore: Finding Work that Matters in the Second Half of Life: Marc Freedman: 9781586486341: Amazon.com: Books, and found it very interesting.

If you clearly know what your passion is, it seems like a great plan, especially if you're fortunate enough to reach FI in your first career. Of course it's a lot safer (and arguably smarter) to move directly from the first career to the encore career after nailing down the second career with an actual position (a gap in the resume usually doesn't help with a job search). Unless the encore career is equally or more lucrative, in which case why wait?

I'd enjoy an encore career if I could just figure out what I want to be when I grow up...
__________________

__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 01-14-2013, 02:36 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,446
Quote:
Originally Posted by Midpack View Post
....I'd enjoy an encore career if I could just figure out what I want to be when I grow up...
+1 so for now I am practicing/training for an encore career as a professional golfer in the summer and a professional skier in the winter.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 01-14-2013, 02:41 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,381
Quote:
Originally Posted by pb4uski

+1 so for now I am practicing/training for an encore career as a professional golfer in the summer and a professional skier in the winter.
If there was a sportsbook directly on your pathway to the golf course and ski slopes, I would think (in my mind anyways) your location that you reside at would be the best place on earth to live!
__________________
Mulligan is offline   Reply With Quote
Old 01-14-2013, 02:41 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,977
Quote:
Originally Posted by pb4uski View Post
+1 so for now I am practicing/training for an encore career as a professional golfer in the summer and a professional skier in the winter.
I'm practicing as a professional sailor 6 months/year and an economist & chef all year, but no one has offered to pay me for any of my "professions." Imagine that...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 01-14-2013, 03:04 PM   #6
Thinks s/he gets paid by the post
 
Join Date: May 2005
Location: Texas
Posts: 1,038
I am thinking of becoming a stunt double in adult films.
__________________
In theory, theory and practice are the same. In practice, they are not.
Lazarus is offline   Reply With Quote
Old 01-14-2013, 03:12 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
Boomers are the most thoroughly marketed to generation there has ever been, anywhere. "Encore Careers" is just more of the same. Unfortunately, for many of us the only cash flow positive employment we will ever have is our main lifetime profession, love it or hate it.

Lucky is the man or woman who either has an attractive profession straight out of school, or can make a good career change very early in life, or can hang on to whatever s/he has that pays the bills and funds the retirement. Can't be much, short of destitution, that would be a lot worse than having to act happy about investing $100,000 for the privilege of trying to sell people shelves. Like there is really an unmet need for shelves that can't be solved for a few bucks by a trip to Lowe's.

Just when the encore folks are investing their meager savings in these questionable businesses, people are getting older, the population with jobs above sustenance is falling, and more and more people every day are getting the picture that if they have any money, they are very likely better off keeping it in a CD than buying new shelves (or whatever)

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 01-15-2013, 06:01 PM   #8
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,354
I considered an encore, but I liked my job, so I decided to keep working part time at my old job instead of starting something new. The only other encore i considered was interning at a microbrewery, but it is a longer drive.
__________________
Ronstar is online now   Reply With Quote
Old 01-15-2013, 06:27 PM   #9
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I love the idea. I wish many retired people would make social contributions when retired.
Quote:
Originally Posted by zedd
"The so-called "encore career" is continuing to gain ground among millions of baby boomers. The idea is to create a new career out of a passion -- and a desire to make a positive social contribution. Salaries are sometimes smaller, but there is a great sense of purpose."
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 01-15-2013, 06:35 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,896
Quote:
Originally Posted by obgyn65 View Post
I love the idea. I wish many retired people would make social contributions when retired.

I made a social contribution when I retired - I opened up a job.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 01-15-2013, 07:06 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,446
Quote:
Originally Posted by travelover View Post
I made a social contribution when I retired - I opened up a job.
+1 plus during my working years I paid a s^&tload of taxes and now understand helped to support 47% of the people.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 01-15-2013, 07:08 PM   #12
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 944
Quote:
Originally Posted by travelover View Post
I made a social contribution when I retired - I opened up a job.

I'm with you, I like that approach!

I do help out/donate time and it's fun. I am an unpaid bartender at a close by VFW. Great group of men and their families - I have made strong drinks and solid friends there are plenty of places that need and appreciate help. I don't think I can work for pay anymore - I have been free for 6 1/2 years. I am unemployable
__________________
Freed at 49. You only live once - live it
Donzo is offline   Reply With Quote
Old 01-15-2013, 07:10 PM   #13
Recycles dryer sheets
 
Join Date: Dec 2009
Posts: 349
Many thoughtful replies -- Thank you.

... and to the rest of you ... rough bunch.
__________________
zedd is offline   Reply With Quote
Old 01-15-2013, 09:10 PM   #14
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
Quote:
Originally Posted by zedd View Post
Many thoughtful replies -- Thank you.

... and to the rest of you ... rough bunch.
Can't be too tender-hearted around a whole bunch of early retirees and wanna-bees, lol!
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 01-15-2013, 09:19 PM   #15
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,117
Quote:
Originally Posted by obgyn65 View Post
I wish many retired people would make social contributions when retired.
I'm on here and on Facebook - all the social contribution I can stand.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-17-2013, 09:34 AM   #16
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
The problem with finding an "encore" career is that most people tend to forget what their passions were when they were younger (roughly 30+ years earlier). Even if they do remember, they may be physically incapable of pursuing it or have lost the motivation to make a go of it.

On another thread I encouraged Gen Xers like me to take care of themselves, rather than sacrifice 100% for their families. Included in this is preserving interest in hobbies and/or physical pursuits.
__________________
Jay_Gatsby is offline   Reply With Quote
Old 01-17-2013, 12:12 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,284
Quote:
Originally Posted by travelover View Post
I made a social contribution when I retired - I opened up a job.
Quote:
Originally Posted by pb4uski View Post
+1 plus during my working years I paid a s^&tload of taxes and now understand helped to support 47% of the people.
+2 - When I worked, I also paid a bunch in taxes, and working my rear off also helped to keep many other people employed at a decent job with good pay and benefits. Plus, we made products that enhanced people's lives, and have certainly saved countless lives.

I worked hard enough and was compensated well enough that DW could stay home with the kids, and do oodles of volunteer work during that time. She's better at that stuff than I am, so I consider that a 'team effort'. And I'm willing to bet that her ability to spend that time with the kids, helped them to move onto the productive path that they are on now, and they will all contribute to society.

And we continue to contribute to charities.

So now I'm retired, and I did free up a job for someone else (quite literally, I let it be known that I was open to be put ahead of others on the downsize list).

So now, I'm gonna do as I please, which may or may not include making additional social contributions. Years of 60 hour weeks, a few 100 hour weeks, many weekends at work, constant interruptions at home at all times of the night and weekend (I supported some 24/7 manufacturing operations) combined with the above is/was enough 'social contribution' for me.

Oh, I bought some Girl Scout cookies the other day, does that count

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 01-17-2013, 12:45 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
My social contribution is also a rewarding hobby. I listen to what random people say. Months or years later, when I see these people they are often shocked that I heard, understood, and remembered what they said to me.

I also listen to the possibly disorganized verbiage of people on the street and on the bus. If I perceive danger I fade, otherwise i listen. I learn a lot, and some of these people are not often listened to.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 01-18-2013, 04:59 AM   #19
Thinks s/he gets paid by the post
 
Join Date: Feb 2011
Posts: 1,629
Quote:
Originally Posted by travelover View Post
I made a social contribution when I retired - I opened up a job.
Also possible BEFORE ER in very busy businesses. A few yrs ago I went "part time" (still 45+hrs/wk!!!) to open up enough 'salary space' for business to hire a new young person. It's turned out to be win-win-win (young person, business, & me).
__________________
ERhoosier is offline   Reply With Quote
Old 01-18-2013, 08:56 AM   #20
Full time employment: Posting here.
friar1610's Avatar
 
Join Date: Jun 2002
Posts: 821
I haven't taken a job for pay since retiring. I have done a number of volunteer gigs, one of which was sorta like a PT job (2 days peer week, 9 months a year for two years.) Extra money would be nice, but I'd rather volunteer doing something I find meaningful because then I set the terms. "I'll only be in one day next week." They're getting free labor so it's not a matter of asking; it's a matter of telling.
__________________

__________________
friar1610
friar1610 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 05:22 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.