Category Archives: Retirement

I Do NOT Like These Feelz

I was born just after the end of World War II. The nation was heady with promise and I was raised immersed in what I later came to realize was propaganda; the belief that the United States of America was the greatest, most progressive country in the world. I’ve known for a long time that’s not true, but I find myself wondering how a country that speaks and thinks of itself as “exceptional,” can defend so many people coming this close to financial and, perhaps, physical ruin (see WaPo article in Tweet, below.)

Never in my wildest dreams did I think I would ever feel guilty about being on Social Security. I don’t get a lot (nobody does) but along with my wife’s social security and the income from our meager retirement savings, at least we’re not food insecure or in danger of being homeless. It doesn’t feel right, though.

Yet, I’m helpless to do much to assist other than support economic transformation that would alleviate these problems. If there are millions of families in this horrible situation, how can any of us do much about it, especially when doing so would bring us closer to the same kind of ruin. Losing one’s home, especially if you “own” it, is devastating and very difficult to come back from. Nobody deserves this kind of reckless abandonment, yet that’s exactly what Donald Trump is doing. I can’t think of much that would be a worse dereliction of duty than this.

I don’t know what’s going to happen in these next 28 days … and beyond. The fact that Trump vetoed the legislation and has left for Mar-a-Lago, the government closes down next Tuesday, and much of the help that had been made available for people who’ve lost their jobs to COVID-19 is drying up this week is not helpful. Maybe it’s time for:


Time Stamp!

The RS-25, aka Space Shuttle Main Engine (SSME)

Just thought I should mention today (Thursday, 14 May 2020) is the 10th anniversary of my retirement from Pratt & Whitney Rocketdyne. I’m still not entirely sure it was the right thing to do (accept the early severance package they offered everyone over 60) but her I yam!


Preserving My Past

The time has come for me to simplify . . . to apply some feng shui to my collection of old (ancient?) paperwork, some of which is more than several decades old. Paper is the one thing I seem to be a bit of a hoarder with; that and old clothing, I guess.

I am coming across papers, letters, and notes I’ve written over the years, many of them from my over two decades of service at Rocketdyne, where I was privileged to work on the Space Shuttle Main Engine program. In that time I worked for (without changing desks) Rockwell International, The Boeing Company, and the Pratt & Whitney Division of United Technologies. After I accepted an early retirement package in 2010, I returned as a contractor to work for Aerojet Rocketdyne in 2015, where I worked for a bit over two years.

Recently, I purchased a small, portable Brother scanner and I am slowly scanning old papers I’m finding. Inasmuch as I’m now publishing far more frequently to this blog, I’ve decided to save some of these things so I can throw the paper away and still have a record. It’s been over nine years since I retired and I find I’m forgetting what working in a large organization was like. Reading some of the documents I created helps me to remember what I did, as well as to feel reasonably confident I wasn’t just spinning my wheels.

What follows should be somewhat self-evident. It’s a letter I wrote to my manager in 1994, now over 25 years ago. I think I sound pretty reasonable, and I’m gratified to know I was pushing—pretty hard, I think—for positive change back then. I’m not an IT person; never went to undergrad and, besides, the earliest PCs didn’t come into existence until I was nearing my thirties. However, I did recognize the value such tools brought to managing and operating a business and I have always been a big promoter of technology in the office. At any rate, this is more for me than my readers, but some may find it “amusing.”

PS – I scanned the original “memo” in .jpg format and the accompanying Lotus presentation materials in .pdf, which you’ll have to click on if you’re interested in what Lotus was doing 25 years ago, before its acquisition by IBM.


They’re Finally Catching Up To Me

The last few years I was employed at Rocketdyne, my job – which I essentially created – was to research social media for the purpose of bringing it inside the firewall for internal communication and collaboration.

As a result, I became both well educated in the use of numerous apps and platforms, and excited about the possibilities they represented. When the Space Shuttle program was nearing it’s end, everyone over sixty was offered an early severance package.

After some research I decided to accept the offer, which I characterized as a “gold-leafed handshake.” I was pretty excited about going out on my own and offering social media marketing services to local small businesses. Unfortunately, very few people knew what I was talking about and most businesses remained content to spend $200/month on a Yellow Pages ad that likely got thrown in a recycle bin the moment it arrived.

I’m not entirely certain, but it does seem like things have changed and many more businesses understand the value in promoting via Facebook, Twitter, Pinterest, etc. As a result in finding it easier to get clients to help and supplement my retirement income.

This year promises to be very interesting.


Why You Don’t Want to Retire

When I joined the Space Shuttle Main Engine program at what was then Rockwell International’s Rocketdyne division, I had never heard the men in my life use the word “retirement.” The reason; they were mostly small businessmen who expected to work until they dropped dead. And that’s exactly what happened to every one of them.

At Rocketdyne, however, it seemed everyone I worked with talked incessantly about retirement. They also talked a lot about what they’d do if they won the lottery, but that’s another story.

A year later, I secured a position as a regular employee (I had been a temp; what they called a “job shopper”) and had to make decisions regarding my future retirement. Most notable of those decisions was whether or not to participate in the company’s 401K program. At the time, the decision was a no-brainer. The company matched employee contributions dollar for dollar, up to 8% of one’s gross income. It was a way to save up a fair amount of money as a nest egg.

Even so, I never saw myself as retiring; I felt I needed to work at something until I either died or was so infirm or incapacitated I wouldn’t be capable of anything useful. I fully expected to work at Rocketdyne until I was at least eighty, despite the fact I had little reason to believe I would live that long.

I ended up leaving what by that time was United Technologies’ Pratt & Whitney Rocketdyne division. That was over seven years ago and I’m still not retired. I don’t expect I ever will retire and, frankly, the concept still means little to me. I do, however, enjoy some retirement income from that original 401K, as well as a small pension and social security. It’s not enough for me to stop working, but I really don’t want to stop. Here’s why.

Yesterday, Jeremiah Owyang posted a graphic on Facebook that caught my eye. It depicts a Japanese concept called Ikigai, which the people who live in Okinawa, Japan live — and live long — by. The concept translates roughly into “the reason you get out of bed in the morning.” It makes an interesting Venn diagram, as you can see below.

Ikigai

The “Sweet Spot” Most All of us Would Like to Achieve

I shared his post with the following comment:

I believe I’ve hit this sweet spot a couple of times in my life, most notably when I worked on the Space Shuttle Main Engine program. I’m pretty close to it now as well, working with Quantellia and machine learning. How about you?

A few of my former colleagues chimed in and one of them actually found the original article in which the graphic had appeared. It’s short and not that old. The title is “Why North Americans should consider dumping age-old retirement.” You can find it here if you’d care to read it.

This is what I think we should all strive for. This is the kind of balance that brings peace of mind and contentment. I’m lucky to have experienced Ikigai in much of my work life. In explanation of how I felt I was working on “What the world needs,” I later commented:

I should point out, especially, I believe we need to establish not merely a scientific outpost off-planet, but a cultural outpost as well. I have no doubt Earth will experience an ELE someday and we need to get established elsewhere, if for no other reason than to repopulate the Earth after such an event, and have a leg up recalling all that we’d accomplished until that unfortunate event. Perhaps we’ll be able to divert any asteroids or comets we discover heading our way, and such a place won’t be necessary, but there’s no way to be completely sure of our ability to avoid catastrophe. I, therefore, felt it was somewhat of a sacred duty to play whatever small role I could to get humans into space. It’s why the cancellation of the Shuttle program – when there was nothing in the pipeline to replace it – was so disconcerting to me. It was a big reason I accepted an early severance package offered to all employees over 60 (I was almost 63 when they made it).

Now, over seven years since my “retirement”, I’m still fortunate to be working on something I believe the world needs (though there’s considerable dispute over whether it will destroy us in the long run). The only place I fall short is in the area of doing what I’m good at. This is because I’m not a data scientist or a designer or programmer. I am, however, a reasonably good salesman and have other skills I’m bringing to bear on my work with Quantellia. I expect my studies and experiences will fill up this hole reasonably soon.

I do believe everyone should be able to approach Ikigai. There is much the world needs and, despite the predicted crisis expected when the machines take over the world and millions of jobs disappear, there will still be lots we can do to lead fulfilling lives. I am a supporter of universal basic income (UBI) and find Jeremiah’s closing words from his Facebook post instructive:

Soon, automation will disrupt Ikigai, in the looming Autonomous World, and we’ll need to reset what our “reason for being” is.

I’m betting that we’ll accept the imperfect arts, humanities, and engage in wellness and fitness for longevity.

I happen to go along with those who believe UBI will unleash creativity and entrepreneurship, though I recognize the pitfalls it may present as well. Regardless, there is a looming crisis and, frankly, my current efforts in selling machine learning services and products, is accelerating it. I doubt we can step back from the cliff, so it may be time to give everyone a kind of “golden parachute”; at least one sufficient to allow them a soft landing when that crisis arrives.


How Seniors can Cope with Financial Stress

A little while back I received an email from a woman who had come across this blog and, specifically, had perused posts tagged with the word “retirement.” She wrote me that “a combination of my father being downsized in his 60s and my mother falling ill have combined to seriously affect their financial planning for retirement and has exacerbated their health problems. They have inspired me to write a guide for seniors and their families about the most common causes of financial stress, how it affects the person, and provide some coping strategies.” She provided a link to the guide she wrote and asked if I would consider posting it, along with an intro she wrote for it.

I said I would be glad to consider it and she wrote back with the following introduction, which I’m just pasting in, below. I’ve gone over the Guide she wrote and am providing her info here as a service to anyone considering or preparing for retirement, or for anyone who just might be interested in what to expect and, perhaps, how best to plan for one’s eventual exit from the workforce. What follows come from Ms. Jenny Holt.

PS – I will offer one observation. The site her link points to is called “Reverse Mortgage Alert”, which I have to admit raised a red flag for me. I’m not a fan of the concept, at least not as I’ve learned it is frequently practiced. However, after reading some of the info provided there, I do believe what they have to offer is useful information. They are not “pushing” reverse mortgages. Rather, they seem to be intent on providing useful information that anyone seeking to make a major investment move, especially with the home they’re living in, should take into account. If you have info that proves this wrong, I’d really appreciate hearing from you. Thanks.


With more limited access to financial services and often post-retirement, a money problem for seniors can be magnified more than for other age groups. While many have saved or invested in property and pensions, there are common causes of financial issues for the over 55s. These include:

  1. Job Loss/Reduction – 51%

  2. Healthcare – 29.5%

  3. Other – 21.6%

  4. Unpaid Taxes – 12.7%

  5. Divorce/separation – 8.2%

  6. Bankruptcy – 6.7%

  7. Foreclosure notices – 5.7%

The onset of stress can cause a range of emotional and physical problems which may exacerbate any health-related financial issues. These include insomnia, headaches, chest pains, anxiety, and depression.

However, it is more than possible to mitigate these issues. Of course, finding a solution to the financial problem in the first place is preferable. That being said, clearer and more focused decisions can be made with the right approach. Many seniors find stressful situations easier to cope with by combining a better diet with more exercise and meditation.

There is more to learn about this issue and more information can be found in the full Senior Financial Stress Coping Guide.


Living Out Loud

Lanterns afloat

My intent is for the act of sharing to be liberating for me . . . and informative for others.

I decided to celebrate my birthday this year by doing something I may regret. No, I’m not taking off to Vegas with $5k and a desire to lose my inhibitions completely, nor am I going to see if I can find some Window Pane or Orange Owsley and relive the late sixties. I’m going to delve a little deeper into what I see as a corollary of something I’ve been writing a little bit more about lately . . . working out loud. The corollary is . . . living out loud. Let me explain.

Working out loud is about finding ways to work where not merely the fruits, but also the cultivation, planting, and meticulous care and grooming of those fruits are conducted in a manner that allows others to follow along, perhaps contribute somewhere along the way. It involves activities such as moving conversations away from email and into other forms of internal communication; e.g. micro-blogging, wikis, other types of social networking/communicating/collaborating tools, etc. I have found from experience it is not an easy thing to do, even when you are a wholehearted supporter of the idea. The entire ethos of our work culture militates against it and, for some, it’s downright dangerous and heretical.

Living out loud, however, is something a little bit different. I’ve never had to do an activity report though, come to think of it, as a kid I did have to face my father’s wrath when I forgot to do one of my chores. Now, however, I’ve retired from the last place I had a regular job at, so nobody much requires me to report to them. I do have some activities I’m involved in where I keep people apprised of my efforts and progress, but it’s not the same as when I worked at Rocketdyne. Anyway, in an effort to share a little more of me, here’s my first formal attempt. I posted the following on Facebook first.

This is the first birthday I haven’t much looked forward to. Although it seems not to mean all that much, since some time in April I am seven years older than my father was when he died. I think about it, because I grew up being told I was “exactly like your father”, especially when I did something untoward or displeasing to my mother. Medically, although my experience is not like my father’s, I am nonetheless in uncharted waters. It’s a situation both my daughters will likely have to deal with their entire lives.

Also, this year I will be closer to 70 than to 65. I am entering my dotage and, frankly, my worry isn’t for me. If it was just me and Linda, I think we’d be fine. We’d get along OK. However, we have two young girls to care for and see into adulthood and sometimes I fear I won’t be there for them much longer. I’m not yet losing any sleep over it and I surely don’t plan to, but the thought I could be gone any day has a little more power than it would have even 10 years ago.

I also think the feeling was somewhat exacerbated by the sudden loss a couple of weeks ago of a long-time friend who was a half a decade or so younger than me. I was deeply affected by her loss and I’m quite certain it’s still haunting me a bit, though I don’t consciously think about it that much.

I know a few of my friends are older than I am. If you’re reading this and you’re older than me, please take pity on me.  I’m a relatively new old man. It takes some getting used to and I’ve also kind of determined this is one hell of a good place to leave some stuff for my kids. It’s why I welcomed the Timeline when it was introduced, and why I’ve uploaded some pictures I have that were taken before digital pics existed.

Sorry if I’m bothering or boring anyone. I’m experimenting with living out loud. Your mileage may vary.

 


What Goes Around . . .

It’s been nearly three years since I “retired” from Pratt & Whitney Rocketdyne. I’ve been through several iterations of “What do I want to be when I grow up” and I think my latest incarnation is actually working! I’ve given myself until the end of this year for it to prove out to be a viable trajectory, at least for a few more years while I still have to tend closely to my children. You can read my most recent self-assessment/self-promotion at LinkedIn.

Additionally, some of the seeds I planted a while back may be sprouting, which would be really satisfying and might steer me comfortably toward another line of work I can enjoy.

It seems understanding Social Media’s role, both inside and outside the corporate firewall, wasn’t a terribly interesting subject for most organizations and, despite my zeal, I couldn’t get the traction I needed to do what I thought made sense. Equally, at least here in Simi Valley, small businesses have had a very hard time – as a whole – seeing how social can be used to promote their business or organize their work a little more effectively. I need to say . . . there were lots of opportunity for being a charlatan and raking in some dough or for doing something I didn’t really enjoy just to make money. I’ve chosen not to follow those paths, so the challenge has been finding – again – who and what I want to be or, more accurately, continue becoming. Being frugal’s been kind of important as well. 😀

It’s important to note there are lots of large organizations who recognize the value of social for reaching out to, and communicating with, their current and potential customers. There are fewer, in my estimation (disclosure: I have not researched the numbers. I have, however, been observing for a long time) that appreciate the value of social to build community inside the firewall, let alone in the space they share with their suppliers/vendors.

At any rate, I haven’t given up entirely and I was gratified to be contacted by someone who interviewed me on the subject nearly 2 years ago. He asked if the audio could be used in a couple other blogs and sent me a link to it. Frankly, I had completely forgottenI did the interview. Also, inasmuch as I am now doing some editing/proofreading professionally, I was a tad dismayed to read the copy that accompanied it, and I’ve asked for the opportunity to proofread these new publications prior to publication. I don’t believe I  had that opportunity with the first publication, which can be found here. Below is the Vimeo audio file with my interview. I don’t think I made a fool of myself. I’m hoping I actually make more sense today than I did back then. I’m gratified Dustin felt it was worthy of being repeated.

PS – I may no longer be a Chief BooMillennial Officer, but I do think I’m still an Emergineer and definitely a Serendipity Wrangler.


Coloring Outside The Lines

Still Life With Garbage

Still Life With Garbage

Truth to tell, I have lots of interests. I have often referred to myself as a professional eclectic. Many years ago I was a reasonably accomplished photographer; even spent quite a bit of time in the darkroom. I think that sentence ages me.

It’s been years since I’ve been serious about it, but I really want to work more with photography. As I stated in my last post, I also want to get back to blogging more frequently. Now that I have an iPhone I think I’m going to do both a lot more.

So . . . What I’m doing with this post is using the WordPress app on my iPhone to share a picture I took with my it. I’m hoping this becomes easier and easier because I’m also dictating the text for this post.

I was moved to take this picture because of the two forlorn strawberries I saw in our little sink garbage collection. They must have been lost in the back of the fruit drawer; they were all dried out and had a little mold growing on them. I thought I would memorialize them and, here they are. I know, it’s no masterpiece and neither is this post. Like I said, I’m experimenting.


The Debates: S/S & Medicare Off The Table?

Social Security Cards

Truly a Lifesaver for My Family

I am 65 years old. An old fart. A geezer. An alta cocker. Two years ago I accepted an early severance package from the company I was working for, in part because of my eligibility to receive Social Security and Medicare. They played a big role in my decision to accept the package, which wasn’t mandatory. There were other reasons, but I did the math and decided not to pass it up.

I have worked since I was sixteen years old (I’m one of those whose first job was at a McDonald’s) and, save for a couple of years I spent screwing around, I’ve been putting money into both these retirement programs most of my life. How, and in what manner, they get screwed with by either Mitt Romney or Barack Obama is of paramount importance to me, not just because of how my family and I will be affected, but how it will affect those who come after me.

I just learned that the questions to be asked in the first debate have been announced and neither of these programs are currently planned to be discussed. WTF? Virtually everyone in the country will be affected by any changes to them. Whether it’s making what those of us currently receive more difficult to obtain or diminished in value or changing the entire structure for those who have yet to reach a certain age, it’s important to know what the candidates plan on doing.

My concern is with both candidates. We all know what Mitt Romney and Paul Ryan want to do. However, The Huffington Post three days ago ran an article entitled “Obama May Do Social Security Reform During Lame Duck Session, Senate Democrats Worry

Well, you can make a difference by telling Jim Lehrer to include Medicare and Social Security in the debates. Thanks to AARP, all you have to do is Go Here and fill out the form. You’re a leftie. You know the drill. I did it. I also tweeted about it, posted about it on FB, and sent an email message to about 50 of my closest friends, a half dozen of whom have already done the same.

This is an exceptionally important issue for all of us, even those Tea Bagging dipshits who don’t know which side of their toast the butter’s on. Do you want your retirement to be left to the vagaries of the market, especially when you know it’s crooked as hell and likely will steal much of your savings from you? Maybe we can fix it in the next decade, but I sure as hell wouldn’t be holding my breath. Hell, before I was 30 (that’s more than three and a half decades ago) I thought there was going to be a revolution in this country. Actually, there kind of was, but it went in the opposite direction from where I thought it would.

Think about it; then do something about it. Send a message. We want Romney and Obama to talk about how they plan to deal with Medicare and Social Security. Act like your future depended on it. Until we achieve a more just economy (hint: Socialism), this is the best thing we’ve got. Here’s the link again. Take it from me. These two programs are extremely valuable and important.


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