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Aging in the Third Millenium

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Making Friends with Age, As We Age




“How old would you be if you didn’t know how old you was?”

~ Satchel Paige

Who retires at 65? Far fewer people than just a couple of decades ago. According to the World Economic Forum, in 1994 a forth of American men aged 65-69 participated in the labor force. That figure had risen to 36 percent by 2014 — and is forecast to reach 40 percent by 2024.

reverse mortgage newsThe trend is similar for even older men, with 17 percent of those aged 75-79 expected to still be working in a decade, up from just ten percent in 1994.

“Clearly, these older people did not get the message that they were supposed to become old-age dependents when they turned 65,” states the Forum.

I know two 70+ entrepreneurs (one of whom is 76-year-old prosperity coach Joan Sotkin, just to even the gender playing field a bit), who are thriving in their global businesses, with no plans to retire. Veteran broadcast journalist Morley Safer said goodbye to 60 Minutes last month — at 84. After 46 years, the celebrated correspondent observed, “It’s been a good run”. Safer then said goodbye to life a few weeks later. Perhaps, for those of us who truly love what they do, retirement is a final farewell. There’s Ron Lehker, becoming a Reddit guru at 90. Many reverse mortgage professionals reading this blog are also well beyond traditional retirement age.

On one hand, this means the economic and health care “burden” of today’s retirees may be less onerous than projected.

Make New Friends, But Keep the Old

On the other hand, living longer, healthier lives also means adapting to change — and finding new friends.

Last month we looked at the importance of accepting change as a key to later life happiness. Losing friends as we grow older is a fact of life: they (or we) relocate, become busy with family, or in some cases, become ill and leave the Earth plane (any of which, of course, can happen at any age).

Making new friends is not something to be left for a rainy day. Being open to and seeking out new friendships throughout the life spectrum is vital. One enterprising Wall Street Journal reporter refers to this quest as “friend dating,” and suggests five steps to starting a friendship:

  • Mine existing friendships for “bridge” friends.
  • Expand your horizons: don’t just pursue people like you.
  • Release expectations; friendships develop over time.
  • Share who you are, and welcome the other person’s sharing. It’s a mutual dance of discovery.
  • Follow up! Just as with reverse mortgage prospects, the initial contact, or friend date, simply sets the stage. Keep connecting with people who seem like good potential new friends.

There was a point in my life where I counted among my friends at least one person in almost every decade of life: I had friends in their 20s, 30s, 40s, 50s, 70s, 80s and 90s. While this has shifted over time, I still love reaching out to those younger and older than I am, as well as to those nearer my own age. It’s refreshing to serve in a mentoring role, and to adopt elders as role models.

The Conscious Elders Network is one such organization of chronologically gifted adults who are joining hands, hearts and intention to help revitalize the planet. Working cross-generationally, the educational non-profit’s website states, “Our vision is to initiate a cultural shift wherein conscious elders reclaim our place in providing education, wisdom, and guidance within our communities. We have the benefits of time, talent, experience and know-how to guide making the needed transformations.” For anyone who’s interested, CEN is holding its annual conference in northern California in September.

It might be a wonderful opportunity to make new friends.

Looking for more reverse mortgage news, commentary, and technology? Visit ReverseFocus.com today.

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4 Comments

  1. Older just means “Better Seasoned”, not “rusted Out”.

    I have a friend in Memphis who just celebrated his 81st birthday. He is a National Champion duplicate bridge tournament player who travels and plays nearly every day with his older partner…and he is still active in the management of a business he owns.

    • Dick,

      That is such a fabulous analogy! I’m sure your friend is well seasoned with parsley, sage, rosemary, and TIME, lol. Thanks for always sharing the most positive perspective.

  2. Hi there…

    Each time I find a really good article in the reverse mortgage industry newsletters – it is written by you. I love the fact that your focus is, not just on the reverse mortgage product, but the demographic we serve.

    This morning I just read about the importance of friendships – keeping the old, making new friends, being open to differences, and sharing yourself with others…how critical it is for healthy aging.

    I am forwarding your article to a friend of mine, who is ‘frankly embarrassed’ about growing older – she is only 66. She’s shut down, keeps to herself and fills her time with surfing the web and reading the latest news, practically 24/7. What a shame when there’s so much she could be doing with all of her free time.

    I am 71, working part-time as a HECM Counselor from my home. I live in MA and here we are required to meet face-to-face with clients to counsel them. I have been a Loan Officer originating reverse mortgages as well. I totally enjoy my work with the 62+ demographic.

    I started in the field (2001) of HUD Housing Counseling (a reinvented 3rd career for me), which included HECM counseling and then I migrated to HECM origination (2006). At that point I was not a member of the 62+ demographic. But I enjoyed learning from my borrowers/clients and it has been a wonderful way for me to age and still be part of the workforce.

    Thank you for what you do. I just felt compelled this morning to write and let you know how much I appreciate your breadth of knowledge related to the senior market. Keep on doing it.

    Sincerely,
    Mary Jane Golden

    • Hi Mary Jane,

      Thank you for this excellent and insightful comment. Your friend likely has years, if not decades, of productive time ahead of her, and so many gifts to share based on a lifetime of love and learning. Hopefully you are an inspiration to her ~ I’m sure you are to the elders you serve!

      See also Dick Diamond’s comment, about his 81-year-old friend the bridge player. Perhaps you can forward it to your friend as well.

      Blessings,
      Amara


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