Finance & Financial Planning


Johanna Crawford , Web of Benefit, Inc.
Founder and Executive Director
Web of Benefit, Inc.
Purpose Prize Fellow 2013

Johanna Crawford was 13, living in an alcoholic, abusive household, when she watched her father try to kill her mother. The memory never left her, even years later as an adult who had built a string of successful businesses and sold high-end real estate.

2012 winners helping homeowners facing foreclosure, foster care children, low-income families, formerly incarcerated women, villagers in India

SAN FRANCISCO – Encore.org announced today the five winners of the 2012 Purpose Prize, an investment in people 60 and older who are creating fresh solutions to old problems.

This year’s winners, who each receive $100,000, include:

  • A pro bono lawyer who exposed massive foreclosure fraud and is now teaching other lawyers how to protect homeowners from unfair lending practices.

Meet the 2012 Purpose Prize Winners

If you’re looking for inspiration, here are five stories that reveal the power of social innovation – and the capacity of individuals in their encore careers.



Lorraine Decker , Financial Mentors of America Inc.
President
Financial Mentors of America Inc.
Purpose Prize Winner 2012

On Sept 11, 2001, Lorraine Decker and her husband, Ken, were ready to fly to the Middle East to teach financial, tax and estate planning workshops across the region. It was supposed to be a routine trip for them, both financial consultants who had brought their seminars to major companies all over the world.

But as the Deckers packed their bags in a hotel near the Newark, N.J., airport, the first of the planes hit the World Trade Center. They wouldn’t be going to the Middle East.


 

Editor's note: This is Raab's story in her own words.

This morning, on a walk with a friend during which we were catching up on every little thing, I heard myself say: “I am in peri-retirement.”

It kind of popped out – I’d never said that before, much less known that I even had the phrase in my head. But once I said it, I realized: That’s exactly the right way to explain how I feel.

I Am in Peri-Retirement

By Barbara Raab

This morning, on a walk with a friend during which we were catching up on every little thing, I heard myself say: “I am in peri-retirement.”

It kind of popped out – I’d never said that before, much less known that I even had the phrase in my head. But once I said it, I realized: That’s exactly the right way to explain how I feel.


Easing the Financial Sacrifices During the Transition to an Encore

Meredith McKenzie left the real estate industry in fits and starts as she struggled to switch careers and follow her passion: river conservation.

At 55, she traded her expensive California beach house for a 300-square-foot converted garage, living like a grad student. Maybe an undergrad.


Purpose Prize winner Randal Charlton used his second career to help entrepreneurs in Detroit get their dreams off the ground. He is now inspiring others to turn retirement into a new beginning. Watch his compelling story in this video.

Rethinking Your Relationship With Money During an Encore

Laura Vanderkam has developed a bit of a specialty in convincing people they have more than they think they do. In her last book, 168 Hours, she did it with time. In her latest, All the Money in the World, she focuses on money.


The recession's toll on jobs and retirement savings has kept a lid on the number of people transitioning to socially conscious careers in the second half of life. To make such moves more financially feasible, Civic Ventures supports midlife internships and encore fellowship programs, including a new initiative by Intel. The group also has also started the annual Purpose Prizes, $100,000 awards to five people over 60 who devote their encore careers to social causes.

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