Susan Lyne’s Post

At BBG Ventures we continue to think about changing demographic shifts and the groups of overlooked Americans at the centre of those shifts. We ask: what are the opportunities to build something valuable for those groups across the biggest areas of the economy to drive prosperity, growth and wellbeing for all Americans, not just some. Future of Work and underserved workers is an arena we've long dug into. This summer, my partner Susan Lyne and investor Carol Magalhães Isaacs, CFA went deeper on Boomers - by 2030, Boomers will outnumber under 18s - living longer, working longer, spending longer - what will their Third Act be? How might AI supercharge their productivity? Check out their post below and share your thoughts with us. Longevity and Prosperity > Death and Decay. If you're building at the intersection of Aging x Work reach out!

Does traditional retirement still exist? Yes, that retirement construct still exists. Some people want to leave their job at 65 and move to a sunny state to hang out with their friends. That construct has never been disrupted or challenged until now. Re-imagineers, people who are reinventing a dynamic second half of life, have advocated for abandoning that outdated concept and have created a new version that happens later in life. The new retirement is a rewire to their next career. Many have focused on individualized entrepreneurialism, going back to school, following their previous passions and building a bigger life for themselves. They are driving the new longevity economy.

The Great Recession tested our resilience. It impacted our real estate investments and retirement plans, like so many others. However, we've bounced back and have been able to build $2 million in equity in our home. My husband and I have found a hidden opportunity in our newly empty nest. With my background in luxury and resort real estate,  coupled with strategic insights from a Tax Strategist,  we're unlocking the potential in our properties. We’re utilizing smart capital gains tax strategies,  harnessing the equity in our home and using it to redefine our retirement. Baby boomers and those of us 55 and older own OVER HALF of the U.S. real estate, yet many struggle with insufficient retirement funds. We can turn real estate into a pathway to a fulfilling, free-spirited retirement. Ask me anything! Have you leveraged real estate in your journey to retirement?

The next technological wave is about to greatly disrupt how we work and retire. Gen Xers like myself need to navigate how AI will transform our vision for an ideal retirement. https://lnkd.in/esSk-tN7

Keeping active, keeping challenged, Keeping a purpose - its what keeps us going. We have a skills shortage as skilled workers 'Age Out'. Employers resist employing older workers as FTEs. Older workers cant or dont want to be FTEs. But MicroConsulting and Fractional Consulting removes this blockage. What if you could get access to the skills, knowledge and expertise of anyone who worked for or with your company? Not full time - but just for a short burst, half an hour to a couple of days. You can stop knowledge loss and plug any skills gap.

How Changing Roles in Retirement Can Boost Self-Esteem by Elizabeth Zelinka Parsons Whether we realize it or not, the roles we play in life often shape critical aspects of our identities and therefore have a significant effect on our “self-regard” – meaning our overall sense of self-worth and self-esteem, which can run along a continuum of positive to negative. With a high level of positive self-regard, we… Read More The post How Changing Roles in Retirement Can Boost Self-Esteem appeared first on Encoraco. #boomers #babyboomers

Really interesting read below from the The Wall Street Journal on how much each generation thinks is needed to retire….. One observation is that even though different generations will retire decades apart on average, the savings each thinks they need for retirement are within a few hundred thousand. The big takeaway: remember, compounding growth works two ways: 👉 FOR YOU with your investments over time 👉 AGAINST YOU on your expenses over time (inflation) $1MM today will feel much different two decades from now. PS - although a small sample size, it also mentioned Gen Z started saving for retirement at 22 as compared to 27 for millennials (where I fall)…..way to go Gen 💤 Link in comments 👇

"Michael Clinton('s) best-seller (book) 'Roar: Into the Second Half of Your Life (Before It’s Too Late)' ... examines how the concept of retirement, which is around a century old, is changing as people embark on second (or third) acts... The book hit an unexpected nerve with readers and was the catalyst for creating Roar Forward, in partnership with the Hearst Corporation, his former employer. An online platform to access newsletters, content and storytelling, Roar Forward focuses on 'individuals aged 50 and over who are redefining the second half of life in their careers, passions and lifestyles,' said Mr. Clinton, 70, who includes himself among the growing cohort of people he calls 're-imagineers.' ... Mr. Clinton ... recently sat for an interview about the retirement evolution. The interview has been edited and condensed. ... 𝐃𝐨𝐞𝐬 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐬𝐭𝐢𝐥𝐥 𝐞𝐱𝐢𝐬𝐭? Yes, that retirement construct still exists. Some people want to leave their job at 65 and move to a sunny state to hang out with their friends. That construct has never been disrupted or challenged until now. Re-imagineers, people who are reinventing a dynamic second half of life, have advocated for abandoning that outdated concept and have created a new version that happens later in life. The new retirement is a rewire to their next career. Many have focused on individualized entrepreneurialism, going back to school, following their previous passions and building a bigger life for themselves. They are driving the new longevity economy. ... 𝐖𝐡𝐚𝐭 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭𝐢𝐚𝐭𝐞𝐬 𝐚 𝐟𝐢𝐫𝐬𝐭 𝐜𝐚𝐫𝐞𝐞𝐫 𝐟𝐫𝐨𝐦 𝐚 𝐬𝐞𝐜𝐨𝐧𝐝 𝐨𝐧𝐞? The first career is what we were 𝘵𝘰𝘭𝘥 to do. The second is what we 𝘸𝘢𝘯𝘵 to do. My generation were linear and stayed in the same industry. Most people made a practical decision and followed a specific career path; the building blocks of a secure life. A second career is based on passion from your younger self, or a new passion you developed in the course of your first career. Reclaiming what you left behind in your younger self that you always wanted to do is the second career.” (words in bold and italics in original) Alix Strauss, Reimagining a Retirement Fit for Boomers, and Those Who Are Next in Line—The people who grew up with the Mouseketeers are now becoming re-imagineers. A Q. and A. with Michael Clinton, author of a book about second acts, 𝘕𝘦𝘸 𝘠𝘰𝘳𝘬 𝘛𝘪𝘮𝘦𝘴, 20 June 2024, https://lnkd.in/gAHEgqjr

Are you thinking of retiring but aren’t sure if you can? Let’s explore the challenges of women facing retirement Retirement is one of life’s big milestones, but for many women it can be an intimidating prospect. You’ve worked hard to build your career or your business, and perhaps raised a family along the way, so your retirement dreams should reflect that: fulfilling, financially secure, and on your terms. But there’s no denying that women face unique challenges in retirement, from career breaks and the gender pay gap to longer life expectancy. To read the full article, click the link below: https://lnkd.in/erGRkf5T

Why Retirement At 65 Is The Start Of A New Chapter, Not The End! The aging of America is more than just a demographic shift—it's a profound opportunity. By 2030, every #Boomer will have hit retirement age, and Americans 65+ will outnumber those under 18. This seismic shift will reshape our society, but instead of bracing for the impact, we should be asking ourselves: How can we redefine what it means to age? BBG Inc. Ventures published their findings and have been exploring the implications of this transformation. They see an opportunity to reimagine the "Third Act"—a phase of life where people continue to learn, earn, and contribute long after traditional #retirement age. https://lnkd.in/dSru5hpe