Monday, February 9, 2009

The New Lingo of "Retirement"

Baby Boomers will reinvent retirement like they've reinvented every other institution they've touched on during their passage of life. And the ever-adaptable English language is birthing new phrases to describe new social phenomena that are just now surfacing.

Carol Perry, with AWA Wealth Management in Nevada, has compiled a number of those neologisms for the Nevada Appeal.

Boomerang entrepreneur: Someone who retires from their career job to start up that business they've always dreamed of owning. (Sounds reminiscent of "boomerang" children who move out of the house to go to college, only to end up back at home after graduating.)

Jhobbie: Something created when a Boomer turns his/her hobby into a job. The jhobbie brings in some supplementary income and gives the Boomer an excuse to follow his bliss.

Playcheck: What you get when a Boomer takes on part-time employment or temporary work to generate enough extra income to fund travel and expensive hobbies without raiding their 401s(ks)s.

Phased retirement: What comes when employers confront the skills shortage resulting from the mass exodus of Baby Boomers from traditional jobs by enticing them back with flexible terms and that all-important health care insurance.


Anonymous said...

I'm one of the Boomerang entrepreneur people.....exactly what I did after retiring from the international telecom industry......I started

Bob Christensen, President
Everett, WA, USA

Anonymous said...

I have converted the passion that fueled volunteer work for 13 years into a career.

My company provides training and animal care services to owners of adopted dogs.

Everyday I get up, I am thankful to the career coach that gave me the courage to pursue my passion.

Mark Parbus

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