Baby boomers closing in on the traditional retirement years often seek purpose and a paycheck in a second career, also known as an encore experience, next chapter or unretirement. Whatever the term, nonprofit work — focused on addressing society’s pressing needs and promoting arts and culture — has a particular allure for many in this group.
“People want to give back; they want that social impact in the next phase of their life,” said Kate Schaefers, a career and leadership coach in the Minneapolis-St. Paul area. “They also turn the three-legged retirement stool — Social Security, personal savings and retirement savings — into a four-legged stool by adding paid work.”
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