Fighting in the limelight for those in the shadows

Women are voicing solidarity as stories of sexual harassment are being shared with the media around the world. But the decision to speak up or stay silent is not always easy, especially for women in industries with extreme power differentials. For those in vulnerable groups, such as domestic workers or members of the service industry, outing a predator on Twitter likely won’t yield the same affects as we’ve seen with offenders in Hollywood. Instead, collective action by groups such as the Coalition of Immokalee Workers has proven to be another successful way to fight back.

Here are a few other things we’ve been chatting about this week:

  • “You have to get out of your own way and write your own story—and not be forced into the narrative that you think will give you the easiest path to success or the most likes,” shares Laura Dern in a moving letter to her 12-year-old daughter. Read more of her message here.
  • Decades later, this timeless ‘70’s manifesto ‘I Want a Wife’ still hits the nail on the head.
  • Whether it’s your time, a donation or the power of your voice, give to those in need this holiday season. Find out how to join the movement today.

Planning Your Un-Retirement

The Financial Freedom Studio welcomes Jean Chatzky—financial journalist, author and host of the HerMoney with Jean Chatzky podcast—for a series of articles on a modern approach to financial and life planning.

Many dream of retirement as a time to leave work behind—but plenty of retirees find that the desire to keep busy is more powerful than they imagined. 

Recently, I gave a talk with Ken Dychtwald, CEO of AgeWave and one of the country’s leading thinkers on aging. He travels the country for his work and meets a lot of retirees. Lately, he told me, he’s noticed an interesting phenomenon. He’ll ask people, “What are you doing?” They’ll answer, “I’m retired.” He’ll follow up, “So, what are you doing?” They’ll answer, “Well, I’m working.”

Yes, working. In retirement. According to research from AgeWave, nearly half of current retirees say they either are working or would like to be working. And nearly three-quarters of people in their 50s say they plan on following that same path. What’s behind this trend? Finances of course. Continuing to work – at least part-time – in retirement can bring in enough money that many people find they can put off tapping Social Security and withdrawing from their 401(k)s and other retirement accounts, allowing those balances to continue to grow.

But there are also other benefits. Research has shown continuing to work reduces isolation, leads to better physical and mental health, and gives you a sense of identity. It may even keep you alive. A study from Oregon State University found that healthy adults who worked past age 65 had an 11 percent lower risk of death from all causes than those who retired earlier. (Continuing to work even lowered the risk of dying in unhealthy adults, but by a smaller percentage.)

Read more at https://www.jackson.com/financialfreedomstudio/articles/2017/planning-your-un-retirement.html

Retirement in the Age of the “Experience Economy”

The new trend of valuing experience over “stuff” (and what it means for retirement).

My husband and I live in Denver but spend most of our weekends in the mountains. We’re transplants from Michigan who moved to Colorado nine years ago and quickly developed a desire to stand on as many summits as possible in our new home state.

As we pursue our peak-bagging project, we’ve noticed a distinct trend: On those rare weekends when we stay home, we consistently find that we spend more money than we do when in the mountains. When we’re home for a weekend, we seem to be drawn to activities that involve spending money. We have a sudden desire to undertake some sort of home improvement project, for example. Or we’re compelled to purchase items we had no need or desire for until we found ourselves with an excess of downtime that rekindled our interest in consumerism.

These mini-spending sprees usually leave me feeling empty and consumed with buyer’s remorse. In contrast, I always feel satisfied returning home from the mountains and never regret the money spent on gas, food and other travel-related expenses. Likewise, when I determine it’s necessary to spend money on hiking equipment, I rarely feel guilty because it’s a purchase that is directly linked to a future outdoor experience.

I assumed this tendency was some sort of odd quirk. Then I started seeing articles about the so-called “Experience Economy.” A company called Eventbright coined the phrase based on a study they conducted that found that 76 percent of Millennials would rather spend money on experiences than material goods.1

I sought out more articles on the “Experience Economy” concept and realized that my preferences for spending money on mountain trips versus new clothes or home decor fit right into this phenomenon. It got me thinking—what does this mean from a retirement saving and planning perspective? Could this new trend be just the sort of shift in mindset people need to not only be better prepared financially for retirement, but also psychologically prepared and more likely to achieve contentment after they retire?

Read more at https://www.jackson.com/financialfreedomstudio/articles/2017/retirement-in-the-age-of-the-experience-economy.html

Musings on Millennials

Not so long ago, a major American car company ran advertisements featuring Ringo Starr (OK, maybe it was a bit ago) telling the consumer that “this is not your father’s Oldsmobile.”1 The point of the slogan from Oldsmobile was to tell the consumer that they had access to a better version of their product than what was available to the consumer’s father or, to put it more bluntly, they desperately needed the target market (the younger generation) to move away from having the following thought every time they see the company’s brand on a passing car: “Ugh…that behemoth is something only my father would drive.”

So in that same vein, I’ll mention to my younger readers that you probably won’t experience “your father or your mother’s retirement.” And I think that’s okay, because you’re probably not going to have your father or mother’s working career either. To quote the Greek philosopher Heraclitus, “You cannot step twice into the same river.”2 So, if you’re looking backward or lamenting that you won’t have the same luxury of retirement afforded your parents or grandparents, it is time to turn your head and, as Heraclitus might say, let newer waters flow over you, as they are not of the same river and you are not the same person. And that, my friends, is as existential as we’re going to get in this piece.

Read more at https://www.jackson.com/financialfreedomstudio/articles/2017/musings-on-millennials.html

Glennon Doyle And Abby Wambach On Why The Best Storytelling Happens When You Embrace The Past

By now, fans of the bestselling author Glennon Doyle and Olympic soccer star Abby Wambach are familiar with the couple’s unconventional, contagiously joyful love story. The two met for the first time during 2016’s tour of Together Live — the annual speaking tour that celebrates diverse, female voices and recognizes the power of storytelling to change the world — and were married in May. During this year’s Together Live tour (which the duo headlined, across ten U.S. cities), Doyle and Wambach joined forces with Ancestry DNA, exploring how their families’ pasts inform their own family’s future. Together Live also partnered with Ancestry as a way to encourage audiences to discover where they came from and how that impacts who they are today.

“Knowing where I have come from was truly moving. Our stories all have started somewhere and I know for me, having some questions answered allows me to know my family and myself better,” Wambach tells Bustle, just after the conclusion of the 2017 Together Live tour.

Both women — storytellers, activists, truth tellers — were surprised by the results of their AncestryDNA kits.

“My ancestors left Ireland during the Famine. They followed coal mining work to Scotland, and eventually got on a ship with their daughters to America,” says Doyle, author of the bestselling books Carry On, Warrior and Love Warrior. “They found mining work in Pennsylvania, and eventually their daughters were able to put each other through nursing school — they each worked until they had enough to put one of the sisters through, and eventually they were all able to go, other than the eldest sister, who kept working so the other four could graduate. They experienced great loss, carrying on, and taking care of family with big dreams for a better future. What’s surprising is that their story is the story of so many people now, in this moment. I believe we can honor our ancestors by welcoming the immigrants of today — with all of their grit and tenacity and belief in the promise of America.”

Wambach has recently joined the ranks of author as well, with her 2016 memoir Forward. “Fascinating is not a strong enough word to describe how I feel about my family heritage,” says Wambach. “The truth for me is that we are all immigrants from somewhere. We all began as a dream from our ancestors.”

As women who have both written deeply personal memoirs, I ask if having more information about their identity and their family history informs their storytelling — in the books they’ve written and the intimate stories the couple shares in every single city throughout the Together Tour.

“I believe that life starts when we stop running from our pain and who we are and instead surrender to it — run toward it and own it. That’s where healing begins,” says Doyle, who has written about everything from the struggles of her first marriage to how faith and feminism inform the way she parents her children. “We say: ‘Here I am, pain. I give up. All that stuff really happened. I’ll let myself feel it now. Then I’ll tell the story and let other people feel it, too.’ Everyone has a history, everyone has a story to tell. When you write your true identity, it is a love offering to the world because it helps everyone who hears it feel braver and less alone. We all need to know that we are seen and heard. We don’t need our lives to be different, or easier, we just need someone to see the pain. To know what we’ve faced and overcome.  To say: Yes. I see this. This is real. We don’t need a magician to take it all away – we just need a witness. That’s what we’re doing on the Together Tour, we are witnesses to each other’s stories, and it makes us braver in this world.”

But the effects of digging into her past goes far beyond the influencing the words Doyle puts on the page. It’s also helped inform how she understands herself, her history, and the personal stories that have gotten her to her present. “It’s cemented my belief that the moral of our collective story is love, and that love is relentlessly showing up for your people. And that the invisible thread leading the way — the force constantly rising up to take care of their people — is the women,” she says. “Being a woman is more like taking your place in a parade than it is like hiking an individual journey. Sometimes we convince ourselves that we’re alone in this challenging family, friendship, health, career stuff; that the trials we’re facing and joys we’re embracing are original. But when it comes to womanhood, there’s nothing new under the sun. Whatever it is — thousands of brave women have faced it before us, so we should learn from them. Whatever it is — thousands of brave women will face it after us, so we should teach them. I believe that we are all more alike than different. That we are all connected. That one woman’s pain is our collective pain and one’s woman’s joy and success belongs to all of us. That’s the story of our past and the story of our future.”

“When I’ve made progress, I’ve always looked back first to figure out how to move forward,” Doyle says. “I talk about my addictions because everything beautiful in my life right now came out of the ugliness back then. And still does. All that pain turned out to be the good stuff.  I used to say: ‘I’m broken. Fix me.’  And now I say: ‘And I love, love, love my beautiful, busted up past and my messy, complicated present.’ No one is ever “ready.”  The world is changed by messy, complicated people who show up before they are ready. It’s the story of my life, and the DNA of this tour: Show up exactly how you are, right now, and we’ll change the world together.”

Read more at https://www.bustle.com/p/glennon-doyle-abby-wambach-on-why-the-best-storytelling-happens-when-you-embrace-the-past-3195976?utm_term=share