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En español | Every day, an estimated 10,000 baby boomers turn 65, an age often associated with stepping into retirement. Today’s new retirees and near-retirees are inclined to work part-time, volunteer, travel for a cause, go back to school or turn a hobby into a business.
Eli Meir Kaplan, Catherine Ledner, Sheila Fairley
Who: Dick Cooper
What he’s doing now: The Pulitzer Prize-winning journalist took a buyout from
the Philadelphia Inquirer newspaper and never looked back. “I don’t regret a single minute,” he says. He now divides his time between sailing his 40-foot boat on the Chesapeake Bay and tending to his business as a writer and media consultant.
Eli Meir Kaplan
Who: Sheila Fairley
What she’s doing now: Immediately after retiring, the former social worker signed on with the Internet store Etsy to sell her handmade jewelry. Her earrings, necklaces and bracelets are also on display at local boutiques around
Columbus, Ohio. “Initially it was a hobby, but it’s grown a lot larger.”
Catherine Ledner (Makeup Stylist, Hair and Wardrobe Stylist: Candace Corey)
Who: Sylvia Solomon
What she’s doing now: On her first day of retirement, Solomon says she slept in like a teenager, a respite from years of long hours at the Ministry of Education in Ontario. Two weeks later, she and her then-husband took off for Antarctica for nearly a month. Now she blogs about retirement.
Courtesy of Sylvia Solomon
Who: Bill and Wendy Birnbaum
Ages: 72 and 65
What they’re doing now: After retiring, the couple sold their California home and drove around the nation visiting with friends. Then they continued their adventure overseas, backpacking around South America and volunteering in poor communities. Today they volunteer closer to home in Oregon.
Courtesy of Bill and Wendy Birnbaum
Who: Elaine Papp
Expected retirement: December 2014
What she plans to do: Papp, a registered nurse who lives in Baltimore, plans to do part-time consulting work and may fill in as a clinic nurse. She also wants to volunteer and teach retirees how to work with children in anger management and conflict resolution in elementary schools. “Being retired is like being 21 again and having all these choices and freedom, only this time you’re wiser and have more money than you did then.”
Who: Kenneth Senn
Expected retirement: February 2015
What he plans to do: Senn is retiring from his federal government job in Washington and plans to get his private pilot’s license. “I’ve been taking lessons on and off since I was 16. It’s just one of those things I want to do.”
Jean Chatzky | Financial Ambassador
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