The Encore Fellowships Network is featured as an action case study in the Winter 2013 issue of the Stanford Social Innovation Review.
The article, by researcher Beth Benjamin, begins
Marci Alboher has been rethinking the world of work since she created the popular Shifting Careers column for The New York Times. Now a vice president at Encore.org, Alboher recently chatted with The Allstate Blog about encore careers.
The notion of encore careers (the term was made popular by Marc Freedman, head of Civic Ventures / Encore.org) has been percolating now for some time. But several factors today are prompting more people to pursue such jobs: undersize nest eggs, increased longevity, a desire to tackle society's ills and, in many cases, an urge to find a different kind of life.
The traditional retirement age of 65 is fading, just as the boomer generation begins hitting it. The idea of staying in one job for an entire career is also disappearing, and that can be good news for those looking to make a move. "In their 50s and 60s, people's priorities change," says Marc Freedman, founder and CEO of Civic Ventures / Encore.org. "They realize that the road doesn't go on forever.
Wanjiru Kamau will never forget the shock of arriving in Oregon from Kenya, moving as a 20-year-old student to a foreign land. "Leaving my family and my country, coming to a place where I knew no one, that was the most difficult but also the most exciting thing I've done in my life," says Kamau, now 70. To help other African immigrants going through the same difficult transition, Kamau started the nonprofit African Immigrant and Refugee Foundation. In 2011, she won The Purpose Prize.
Purpose Prize winner Connie Siskowski is helping young people who have to take care of ill, disabled or aging family members. Since 2006, her nonprofit has provided assistance to more than 500 young caregivers in Palm Beach County, Fla. For her innovative and compassionate work, CNN named her a 2012 CNN Hero.
For his work spurring entrepreneurship in Detroit, Randal Charlton recently received the prestigious Purpose Prize. Sponsored by Civic Ventures, the prize is awarded to people over 60 who are making extraordinary contributions in their encore careers. Charlton plans to use the award money to finance a new nonprofit called BOOM! The New Economy, which helps people over 50 start companies and shape new careers.
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.
Forget retiring, millions of boomers have a second act. It's called an encore career. A recent MetLife Foundation/Civic Ventures survey of boomers shows more than 30 million Americans want to pursue a second career for the greater good instead of retiring in this economy. Experts say researching, learning new skills and volunteering in the field of your next career is key.
To mitigate his financial risks as a serial entrepreneur, Purpose Prize winner Randal Charlton streamlined his life and expenses at age 60. He rented a small apartment, had no credit card debt and built a house only when he could afford it. He drives a 10-year-old car and has no problem wearing business suits, ties and shoes from a secondhand store.