Tuesday, 10 November 2009
Thursday, 5 November 2009
ROTARY CLUB OF BRISTOL (UK) - RETIREMENT PLANNING
I spoke at the Rotary Club of Bristol on Monday, where my intended topic was “Retirement planning: it’s not about the money.” I already knew that many Rotarians are already retired but, when I arrived, the affable Speaker’s Friend,
I thus immediately dropped the word “planning” from my topic; moreover I asked the assembled members (a healthy turnout) to indulge me by being guinea-pigs, i.e. a test audience for my plans to write a series of articles, and maybe a book, on the topic. They seemed happy to do that; however my “memo to self”, à la Bridget Jones, is to note that lunchtime Rotary clubs tend to attract retired members, whereas Rotarians still working tend to favour breakfast and evening clubs, provided there is a choice. In
I prefaced my remarks by quoting the Canadian retirement coach who told me: “in my experience, the people who are happiest in retirement are not the ones with the most money. They are the ones with a plan.”
What kind of plan? A plan that deals with how to spend all that time.
I had had a plan of sorts since my forties – that plan started from the viewpoint of never wanting to retire totally. Noel Coward said “Work is more fun than fun”; at the very least, a balance between work and fun seemed to me a desirable element of a happy life and one that should not be discarded at age 65. I also knew that going from 100% employment to zero overnight can, and does, kill many people. Of course the work / fun balance can shift as one gets older but it should still be there, I decided. As for what is meant by “work” in this context, that’s the interesting question.
In 2002 women then aged 65 could expect to live to the age of 84: for men it was 81. (ONS) Naturally this was a
In the normal course of events, 250,000 people retire in the
What should the plan entail? In a research project called “Retire 200”, 100 men and 100 women, all retired or soon-to-retire, were interviewed at length about their experiences and expectations. Here’s their consensus as to the elements of a happy retirement.
1. Being able to choose when to retire. (not a given these days)
2. To retire early enough: they recommended not above 55.
3. Financial independence – whatever that means for you.
4. “Purposeful” (sic) activities for at least 5 hours per week. Most retired Rotarians would probably laugh at such a small number.
5. Someone to rely on for emotional support.
6. Proactive health management.
7. Having a plan covering both the financial and lifestyle aspects.
8. Having received pre-retirement advice and education.
The armoury of many life coaches contains a set of questions called “Five Minutes that could Change your Life”, coined by US author Brian Tracy. The first question is “if you won a million on the lottery (or 10 million or whatever figure represents total financial independence for you) how would it change your life? Where would you live, what would you do, with whom, etc?” The power of this question is that it reveals the things that are important to you, or would be if financial constraints were removed, even mentally. However, many of those things that are important do not depend on millions to get started.
An accompanying question is “if you discovered that you would live only 6 months more – in perfect health – how would you spend that time?” Both questions are effective ways to challenge what are our priorities; or values, if you like.
According to Charles Handy, the tendency for jobs in organisations to go to younger people – ageism cannot be rooted out by legislation – should not be a source of complaint; where else are they to get their experience? Our response as we grow older should be to develop a “portfolio” of skills and talents that we can provide to a variety of “clients”. Some of those activities may be rewarded financially, some just by satisfaction, but we should not distinguish between paid and unpaid activities. It’s all work, says Handy.
Considering this concept, (“it’s all work”) a friend of mine says she would never call gardening “work”. Why not? Because she loves it. But who says you have to hate your work? Or because it’s not paid? The distinction is unnecessary, as Handy might say. After all, an unpaid labour of love might be developed into a paid activity, if so desired. “It’s all work”.
I concluded by saying that I had traded a business card describing myself in my former role as a managing director in the chemical industry for one that now reads “actor & voice-over; author; radio presenter; speaker” and considered myself a most fortunate person.
Feedback on this post would be welcomed. If you are a retiree or are in the process of planning your retirement, do you have any commnets on any of the above?
Tuesday, 27 October 2009
A CARING HERO
The lead news item on my radio (BBC Radio 4) this morning was the fact that there has been a significant rise in the number of Down's Syndrome pregnancies in the
Coincidentally - at least I assume so, because it must have been planned some time ago - the news was followed by an edition of "The Choice" - a series where Michael Buerk interviews people who have faced difficult choices in the lives. The subject today was Alex Bell, who has adopted large numbers of young people with severe disabilities, many of them Down's Syndrome sufferers.
I describe Alex Bell as a hero (years ago I would have said heroine, actress, etc, but that would be showing my age) because she faced horrendous difficulties with all these children, and showed remarkable fortitude and cheerfulness in coping with it all. Moreover she started down her chosen road from a very early age, in her teens in fact.
Normally I admire Buerk's persistent but gentle interviewing style but this time I found it irritating. For much of the time his questions seemed to indicate that he thought Alex was misguided or, at the very least, an obsessive. To her credit she answered all the questions, even those that verged on the patronising, with the same good humour she must have shown a million times with her severely disabled charges.
Don't take my word for it: listen to the programme at http://www.bbc.co.uk/iplayer/episode/b00nf1bv/The_Choice_27_10_2009/
Wednesday, 7 October 2009
MORE REAL ALE!
Further to my last posting, I read a story in yesterday's Independent, entitled "We'll drink to that: pubs hail the return of real ale." I had written that real ale sales were reported as holding up better than "cheap lagers". The latter will apparently suffer further in the long-predicted event of a Tory victory, because of today's announcement of plans to appply minumum pricing.
The Indy's real ale story was simply that 2.3 million more pints were sunk in the first half of this year than the same period; the last time that full-year consumption rose was in 1982, so if the rise is maintained that's going to be good news for the traditional brewers, the number of which is growing.
That volume increase, by the way, is 1%:in the current climate that's a healthy rise.
One oddity: the last line of the report states that Britain's beer market is worth £18.3 bn; of that real ale represents very much the minority, at £2bn. However, elsewhere in the piece a large graphic shows the the number of pints of real ale sunk last year as 237 million. Unless I'm missing something, that values the wonderful stuff at £8.44 / pint. If I were a brewer, I'd say it's worth that much, but round here I pay an average of £3 a pint. I'm surprised that nobody at the Indy noticed the discrepancy.
Friday, 2 October 2009
BEER SALES "SLUMP"?
The story claimed that the "slump" was partly due to an excise duty increase earlier this year, which put an extra 1p on a pint of beer. Shock, horror! When most pubs round here charge an average of £3 a pint, an extra penny is 0.3%. Who would seriously say that they gave up or reduced beer drinking based on a 0.3% increase? Does the brewers’ trade association or the media think we are stupid? There are many other factors; the extra penny can’t be that important.
Since reading that story I heard from a friend, whose work involves scouring the various business pages, a fact that this media story didn’t include, i.e. that the “slump” has mostly been in cheap lagers rather than ales. I seem to recall that we were told, not long ago, that it’s lager that is responsible for the majority of binge-drinking, with its concomitant effect on casual violence. Isn't one of our leading brands of lager widely referred to as "the wife-beater"? Maybe this “slump” could be good news from a health and a public order viewpoint. Not good news, I realise, if you own or run a pub and your business's viability depends on the volume of lager sold. You don't have to go far to see pubs that have closed down due to changes in drinking habits and the smoking ban.
I should, finally, declare an interest. I like beer as much as the next man or woman. Although I have spent enough time in Scandinavia and Germany to appreciate lagers of various kinds, to my taste real ale is the real thing. So if this latest piece of news could be described as good (or at least less bad) news for brewers of traditional ales, and bad news for binge-drinking, with its effects on health and on the depressing incidence of domestic and other violence every Friday and Saturday night, then I’ll drink to that. Or, to quote Benjamin Franklin: "Beer is proof that God loves us and wants us to be happy". Happy, please, not in prison or hospital.
Sunday, 27 September 2009
BBC's "PM" news magazine under fire
“Coverage and analysis of the day's news” is the one-line definition of “PM”; this on the BBC’s website, no less. But these correspondents / complainants were objecting to recent trivialising and unnecessarily jokey initiatives: for example sexing up the programme’s weather bulletins by adding sound-effects; and, crucially, asking listeners for ideas on how to make those same weather bulletins more memorable. In general, the charge was that the BBC was becoming more interested in what “PM’s” listeners and bloggers had to say about stories than the views of their own journalists. Didn’t the BBC have enough expert journalists to cover the stories?
I was pleased to hear this: I had noticed these trends myself and found them irritating at best, so it was good to know I was not alone. But insult was added to injury when “Points of View” wheeled out the producer of “PM” to answer the charges. Her defence, IMHO, did not really take the complaints seriously; in fact I detected a whiff of complacency. She insisted that by canvassing and broadcasting listeners’ opinions, they were expanding the range of expertise they could call on. My view on that is that yes, some of the listeners may well be expert on some topics, but by no means all of them. Who should moderate the inputs to decide which are grounded in sufficient competence to be broadcast? A BBC journalist specialising in the topic, perhaps? Then let’s hear the journalist’s views instead.
As for the memorability of weather bulletins: leaving aside the question of whether the weather (sorry!) needs to be given such prominence in a news programme (when the BBC already has plenty of dedicated weather bulletins elsewhere) the producer’s defence of the puerile stunts that had been tried, was centred on the fact that this topic had promoted lots of e-mails. My own view anyway is that the necessarily brief weather bulletins in this kind of programme are so general as to be useless in a country that's famous for local variations. They can't even tell us what the weather is doing now, never mind what will happen in the future: it's bizarre to hear a presenter say, "today, it will be dry everywhere" while outside my window the rain is pouring down.
The final complaint levelled was that incidental music was creeping into what was previously an all-speech programme in a virtually all-speech channel. The offender was the introductory music to the stock exchange report “Up-shares down-shares”. A listener who was unemployed thought that the introduction of music and in fact the overall style of the piece was inappropriately jokey when talking of such serious matters as the state of the economy, especially when most of such news is uniformly bad these days. This criticism was quickly brushed off by the producer on the grounds, as far as I could tell, that they had had an e-mail (maybe more than one but I didn’t hear it) from a listener who loved the music. Why should that apparently random listener’s views matter more than those of the listener who’d lost his job and was offended by the trivialisation?
Written in sorrow more than anger, by a devotee of Radio 4.