Tag Archives: retirement

Who’s Counting?

I started writing this post a couple weeks prior to my 74th birthday. Then all hell broke loose with my younger daughter and I had to drop just about everything I was doing and work diligently with her. The issues remain and we’re still figuring out how best to deal with these newly surfaced problems, but I’m finally getting back to writing and posting here. The next four paragraphs were written in May. The rest was written today. If some of it seems a bit disjointed, it’s likely because I forgot exactly the point I was trying to make and have added a bit of speculation and a conclusion that may not track as well as they could. C’est la vie!

You’d think a man my age wouldn’t be paying close enough attention to approaching birthdays all that much and, for the most part, that may be true. It’s not like I’m obsessed with my birthday. There was at least one year where I completely forgot about it until my mother asked what I was planning. Many others have passed that weren’t all that important or memorable. But something has changed … very recently. I’m realizing the prism through which I view the world has tilted a bit. This tilt is primarily a result of my age and what it means for me as an individual and as a functioning member of society.

I’ve been giving it a little thought and I believe I understand the dynamics of what’s happening. When we’re young—and even into our 40s, maybe 50s—we’re generally looking forward to improving our lot professionally or with respect to how we make our living. Usually, with age and experience come greater responsibility and authority, as well as increased income and growing benefits … if you’re lucky. Once you reach retirement age, things begin to change. Suddenly opportunities aren’t as easy to come by. Advancement may even stop, with the exception of very few positions, which are reserved for only a few.

In most of the world age and wisdom are revered. The elderly are respected for their accumulated experience and knowledge. In the United States of America, that just isn’t the case. We are a society enamored of youth and derisive of age. We tend to toss people aside once they reach around 65 years of age; the deadline we’ve set for determining retirement eligibility. I’m way beyond that, but I’m just beginning to realize the changes I need to make in my thinking in order to smooth out my final chapters.

When I was in my thirties I came to the conclusion the only thing I was truly interested in achieving was wisdom. Yet I knew that it not only came with age, but one can’t merely hang out a shingle declaring oneself a wise person. That’s for others to determine. At least, that’s how I see it … if one isn’t a charlatan. What’s happening to me now is I’ve realized, viscerally as opposed to intellectually, I am at an age where growing older has nothing to do with improving my lot in life, at least not with respect to employment or professional standing.

I believe my task now is to strive to accept the physical and intellectual limitations brought on by the aging process, while strenuously working to minimize their destructive or deteriorating effects in whatever way I’m capable of. This is why I have been going to the gym to lift weights. It’s also why I write. As well, I’ve decided not to just sit back and be “retired.” I still have a great deal to say. I’m still deeply interested in the direction our country is going in. I care for my daughters and my wife and want to be here for them as long as possible, while staying as healthy and as “in touch” as possible.

I think there’s something deeper that’s going on with me and my view of the world, and I think I was approaching it when I began this post two months (approx) ago. Unfortunately, my memory is suffering from what seems to be a combination of old age (which might means either it’s degrading or I just don’t give a shit about many of the things I did before) and the lingering effects of having Covid-19 at the beginning of the year. Which means I’ll have a lot more to say about this as time goes by. Stay tuned!


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!


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.


Kicking Up My Heels At 67

Six RS-25 Rocket Engines

A row of RS-25 engines, formerly SSMEs (Space Shuttle Main Engines).

I had a great two-hour meeting with the man who will be my new manager starting Monday, and to whom I’m deeply grateful for bringing me back to the company I lived at for over two decades. My feeling about returning is probably best summed up by an old friend/colleague who still works there. She commented on a Facebook post where I told my friends I had jumped through the final HR hoop, saying “Welcome home“.

I don’t know how many of you have been lucky enough to work at a place where you can feel that way, but I have. Despite the fact I worked for three of the larger, more (shall we say) staid aerospace companies – as parent organizations; mother ships – in no way diminishes the camaraderie, affection, and deep respect I felt for so many of my colleagues.

Also, I think I had a bit of an epiphany yesterday, a few hours prior to meeting with Geoff. I was thinking about how much hierarchy and command-and-control organization are anathema to me, when I realized that I also work best when I’m involved with a team. I need to be around other people from whom I can learn and share experiences with. It’s my nature. The latter is what gives me the strength to live with the former, and I always have the opportunity to make things better. That’s what I’m ostensibly there to accomplish.

These, then, are the continuing adventures of a 67-year-old man, prematurely retired by circumstances partly beyond his control, who now returns to approximately what he had been doing nearly five years ago. I’m really looking forward to this next part of the journey. I have also discovered I have a great deal of difficulty writing about the things I’m deeply interested in – the business concepts and practices I worked on before retirement and have carefully studied since then – if I’m not involved with them. I just don’t feel I possess the gravitas sitting in my home office that I will have when I’m out there actually working with a group of people to make things happen. I think this move is going to change, if not improve, my blogging and posting habits. Time will tell.


Heading Back To The Ol’ Homestead

Truth to tell, I never wanted to retire. I grew up around men who worked until they dropped dead and I had every intention of doing the same. This was especially so because I wanted to be part of humanity’s return to the Moon and our venture to Mars. It looked like that was not to be when the Space Shuttle program was winding down and those of us working on the Shuttle main engine (SSME) – and other rocket engine programs – who were over sixty were offered a decent severance package, which I accepted. I believed it was the best of several not optimal choices.

Asteroid Strike of Earth

It’s happened before. It WILL happen again.

Today I received a package from the agency that handles contract workers for what is now Aerojet Rocketdyne, and it looks like I will be brought back and will have the opportunity to be a small part of our space program once again. This is no small thing for me, as I have long considered it an absolute necessity for humans to establish not merely a technological, but especially a cultural presence off this planet; if for no other reason than the statistical certainty there will be an extinction level event before long. As long as the only presence we have is on this rock, it becomes a binary event. Having at least a seed colony elsewhere could make all the difference in terms of our ability to come back from such a catastrophe.

To say I’m excited is a bit of an understatement. I had pretty much come to the conclusion it wasn’t going to happen and I’m quite capable of dealing with that possibility. Assuming it works as planned, though, is like a lagniappe; an extra helping of dessert I wasn’t expecting. To think it came about because of a chance conversation with an old colleague at an event held by our children’s elementary school is really sweet.

I should also point out I am only going back as a temp, a contractor, and I have no reason to expect this employment will go on for long. In fact, I’m hopeful it will turn out to be more part time, but on a long-term basis, if that’s at all possible. I like some of the other things I’ve become involved in and I have a few obligations I need to conclude as well. l believe it can all be worked out in the next couple of months. I know I’m committed to making that happen. I hope everyone I’m working with is flexible enough for this to be a good thing for all of us. There’s nothing like the ol’ win-win.


Giving Thanks is a Year-Round Affair

Senior Center at Thanksgiving

Some carving, some cooking, and the calm before the storm.

Last night’s dinner at the Simi Valley Senior Center, organized by my Rotary Club, and for which I was a co-Chair, was a resounding success. There were a few less people than the past couple of years, but we still fed around 350 – 400 seniors, plus a ton of volunteers. It is so gratifying to see so many people come together to make something happen like this and, truthfully, it is all the Thanksgiving I need.

Today will be a lagniappe; a little something extra; a little more than I need or have any reason to expect.

I have so much to be grateful for. My family and, especially, the two beautiful girls without whom my life would be so much poorer (though I’m having some doubts about the 13 y/o 😉 ). My wife, Linda, who puts up with my volatility, especially since I retired from the job I expected to work at until I dropped dead at my desk. My life after retirement, which is slowly resolving into something considerably different than I thought it would, but that I’m settling into rather comfortably. The wonderful people I’ve had the opportunity to work with and learn from. My numerous friends, both irl and virtual, whose sharing, comfort, and kindness have kept me from despondency and buoyed my spirits when things weren’t looking all that good, and who have also helped me continue to grow as a human being.

I’m also grateful for the ability to think critically and the strength to seek out the truth and accept its lessons, no matter how challenging or harsh they may be, without losing faith or diminishing the love I feel for the human race and this beautiful world we live in.

Happy Thanksgiving, my friends. Be well, be strong, be faithful to the truth. Much love and respect to you all.


Six Ways To Avoid Using Lists

Does Retirement Mean "Used Up"?

Does Retirement Mean “Used Up”?

OK — I’m lying about the six ways and the lists. I couldn’t help myself. I had just been perusing the Pulse articles available on LinkedIn and was amused by how many of them contain lists, e.g. “7 Ways Leaders Fail”, “The 8 Simple Rules Of Expert Negotiation”, “3 Traits Shared By Companies And Hoarders”, “The four types of clients you should fire immediately”, “12 Email Marketing Credibility Boosters”, etc., etc., etc. I could go on for some time, but I won’t bore you as much as I was. I know I’ve read somewhere that lists are a great way to create posts and get people to read them. Nevertheless, I tend to shy away from using that strategy because it seems so formulaic to me, and I’m not interested in taking that route.

I know I should have written this earlier today but, as I’ve noted numerous times before, I’m not a journalist and I don’t do this as a business, so I have never been all that interested in an editorial calendar or lining up my posts perfectly with anything in particular. Nevertheless, today is a bit of a milestone and I thought I should mark it with a bit of possibly rational blather.

It’s been exactly — datewise — four and one-half years since I retired from Rocketdyne, where I labored for approximately 23 years. My last day (though, to tell the truth, I had been working at home and nobody expected much from me for the final two weeks I was officially “there”) was May 14, 2010. I can still vividly recall my final moments; being walked to the guard at the front reception area, handing in my badge, saying goodbye and shaking hands with my Manager, and walking out the door knowing I could not walk back in beyond the reception area without an escort.

I felt both elation and sadness. I threw my arms up in the air, but had tears in my eyes. Both emotions were warranted, as the last four and a half years have made quite clear. It’s not an easy thing walking away from a large group of people who you’ve come to think of as almost family and, make no mistake about it, once the main thing you have in common with them is gone, most people essentially disappear from your life forever.

Blogging on the beach

Blogging on the beach, something I’ve never actually done

For me, this has been the hardest part of retirement. While I’ve stayed in touch with a few of my former colleagues, some of whom remained and others who became casualties of our nation’s decision to essentially forget about space exploration (at least manned space exploration) for what still seems like forever, the majority of people I saw on a regular basis I have not heard from again. There’s also a sort of mid-range group who I’ve connected with via Facebook and LinkedIn, but I’ve had little contact with most of them.

I think this is a big problem with our entire concept of retirement. In our culture it seems once you retire, you might as well be dead. The place you worked at has no use for you and, since we are also a culture that celebrates youth and fears old age and death, nobody really wants to know what you’re doing. A possible exception is made for those people who worked at one company all, or almost all, of their life and, consequently, retire with enough money to not have to do anything to supplement their income. Remaining employees do seem to enjoy receiving the occasional postcard from an exotic location, or another reminder of what they, someday, may be able to do as well.

I’m sure there are those who thoroughly enjoy hanging out and doing whatever they want, or nothing at all. I’m not one of them. Bottom line, I guess, is this. I have managed to survive relatively well, though I have yet to find a way to supplement my income such that we’ll be reasonably comfortable for the foreseeable future. I do worry about what might happen in a few years when our income suffers from inflation or some disease or unfortunate turn of events depletes what little savings and investments remain.

I also worry about my physical and mental ability to generate income. At 67 years old, it’s difficult to not notice I’m gaining speed on that inevitable slide down life’s rollercoaster. Nevertheless, I’m not one for fretting too much about choices I’ve made. I’ve been characterized by others as a survivor; one who will find a way to make things happen. Especially when push comes to shove and I’m backed into a corner. I don’t actually want to reach that point, so I’m working on quite a few prospects and avenues.

In another six months it will have been half a decade since I left the place I had been at longer than anywhere save this planet. I’m looking forward to celebrating that occasion a little more energetically. If I’m lucky, I’ll be able to afford throwing a little party for some of those former colleagues who remain friends. That would be a hoot.


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