From the August 2008 issue of Boomer Market Advisor • Subscribe!

The encore is not so easy

Veteran columnist and blogger for The New York Times Marci Alboher reminds us not everyone is in a position to take on an encore career. Alboher recounts her February interview with Marc Freedman, founder of Civic Ventures, about the growing number of people trading retirement for public service work:

"Society is set up to make retirement happen seamlessly. But if you want to launch a significant second career in an area of social importance, you are often on your own ... And the media often does a disservice by making it look easy," Freedman said. "What happens is that people are having false retirements. They are retiring from what they were doing in their midlife careers because they are tired, need a break, or have deferred many priorities. Then, after a year or five, they are rested and restless and looking ahead to a period that might be 20 years in duration. So what seemed like retirement was a sabbatical or hiatus as opposed to a final destination."

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