Sabrina Roblin, a 58-year-old former executive of a leadership consulting firm, had her audition with the televised singing competition show “The Voice” last February.
“People used to retire at 65 — they had a few golden years and traveled a little bit and they died,” Olivetti said. “But now, for example, if you are a woman and alive at 65, statistics show you will live to be 95.”
Sabrina, alongside her co-founders Caroline Hall, president of leadership development firm MAC Advisors in Marin County, Calif., and Katherine Olivetti, a psychotherapist in San Francisco, created a program titled “Life Reinspired”. A project to help people through living the best retirement life they can. They hope that “Life Reinspired” allows retirees to form goals and track progress toward a new lifestyle.
Everyone should be thinking about what they want to do in retirement well before the day they hand in their papers, said Matthew Sommer, vice president and director of defined contribution and wealth adviser services at Denver-based Janus Capital. “More people have to readjust the notion of what retirement is,” Sommer said. “We thought of it as a day where we just stop working.”
Life expectancy for the U.S. population was nearly 79 years old in 2015, and for those 65 years old it was 19.4 more years, according to the Centers for Disease Control and Prevention.
The women behind Life Reinspired suggest that aside from financial planning, retirement planners consider their goals and dreams, perhaps those that were shelved to work on a career. Reach out to friends and family or find a new community. Take on challenges, and maybe even risks, because there’s no better time to do so, they said. Work with a partner to adjust to a new lifestyle, in which one or both aren’t working full time anymore. Be decisive and purposeful. There are 10,000 baby boomers turning 65 every day, and though 60% of the people Transamerica Center, a nonprofit funded by Transamerica Life Insurance Company, surveyed have a retirement strategy, only 12% have written it down.
Baby boomers will change the course of retirement for future retirees, Hall said, mainly because they’re the generation who has been leading the way on so many other life stages.
“We made menopause fun,” she said. “We have put our stamp on what each phase of adult lives look like and this will be no exception.”