In this episode, Don MacPherson is joined by journalist, author and retirement expert Chris Farrell. In their conversation, Don and Chris explore the ways in which the pandemic has impacted the ability to save for retirement for people of all walks of life. They also discuss the rate of new business creation, reskilling the older generation, and the impact of Covid-19 on the overall economy.
Read MoreChris Farrell has worked as a journalist for national publishers and public radio for decades. Throughout his career, Chris has taken a hard look at how Baby Boomers have redefined work and how they are now redefining the concept of retirement. In this interview, Chris looks at what retirement has been historically, how it is evolving, and what organizations can do to continue to leverage the talent of their most experienced people. Chris also shares his thoughts on the FIRE (Financial Independence, Retire Early) movement that is becoming popular among younger, affluent workers. In this interview, Chris discusses:
Part I: Unretirement and the Future of Retirement
Traditional retirement and its evolution, the relationship between continued work and mental acuity, doing meaningful work, the importance of relationships at work, health benefits as the primary reason some employees stay with their organizations, the importance of building having a thriving network for older workers, advice for those considering a career change, the FIRE movement, retirement in Europe, workforce disruption, the 55-64 year-old entrepreneur, encore careers.
Part II: The Future of Work, Innovation, and Entrepreneurship
Disruption and the future of work, creation of new jobs, the increasing rate of technological developments, adapting skills for the future, training employees for a strong and valuable workforce, career changes later in life, how to remain relevant towards the end of your career, the 50+ entrepreneur, women and entrepreneurship, immigrant entrepreneurs.
Organizations, People and Resources mentioned: Unretirement (Book and Podcast), FIRE Movement, Purpose and a Paycheck, AARP, PBS Next Avenue, The Wall Street Journal, The New York Times, Financial Times, Encore.org, Desk Set with Katherine Hepburn, Michael Mandel with the Progressive Policy Institute, Herman Miller, Toyota, Bloomberg Businessweek
Chris’ publications are available on amazon at: https://www.amazon.com/Chris-Farrell/e/B001HMRRYW?ref=dbs_p_pbk_r00_abau_000000
Unretirement Podcast online: https://www.apmpodcasts.org/unretirement/
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