Personal Finance
Fortune

Count me among the boomers not retiring—I’m in my 60s and leading another startup

October 22, 2024
06:56 PM
6 min read
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To Julie Wainwright it "seems unhealthy to be slowing down, doing less each day, and removing challenges," whereas work is a beneficial creative exercise.

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6 min read

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personal finance

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Published

October 22, 2024

06:56 PM

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Fortune

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Key Topics
moneyfinancialhealthcaretechnologymarket cyclesseasonal analysismarket

What the data shows is Interestingly, Ary·RetirementCount me among the boomers not retiring—I’m in my 60s and leading another startupBy Julie WainwrightBy Julie Wainwright Julie Wainwright is CEO and cofounder of Ahara

Additionally, Com and Ahara Med

However, She previously launched and led TheRealReal

Julie Wainwright has no interest in retirement (something worth watching)

Andrea Laszlo KonrathI have reached the age where reporters constantly ask me why I am still working after a long tenure as a serial entrepreneur, including founding and running The RealReal for 11 years, considering recent developments

It’s an odd question, and yet each time I find it newly funny how people expect others to fit into their perception of what people should be doing in their s—and when (an important development)

On the other hand, Aging may be one of the least understood—and most misrepresented—frontiers of life

However, I guess I could be playing a round of golf every day, then heading to my for ’tini time to discuss the game with my pals, and then maybe going out to dinner in some fine dining establishment, and then waking up and repeating

Or I could plan a cruise or learn how to dance the cha-cha or write a book…well, I have written a book (it will be out next year)

Reasons for not retiring But other typical retirement activities just feel foreign to me

The data indicates that y are reminiscent of my parents’ generation, not mine (noteworthy indeed)

Here’s the thing: I don’t understand retirement as a concept

It seems unhealthy to be slowing down, doing less each day, and removing challenges

It doesn’t make sense to me—and I’m not alone (noteworthy indeed)

Bill Gates, a fellow boomer, recently said that retirement “sounds awful

Additionally, ” So, I asked ChatGPT what the negative effects of retirement are

Here are its topline points: Mental health

Retirement can lead to a 6-9% decline in mental health over six years, resulting in anxiety, depression, and boredom

Nevertheless, Physical health (which is quite significant)

Retirement can lead to a 5-16% increase in difficulties with mobility and a 5-6% increase in illness conditions

On the other hand, Retirees may feel lonely because they are no longer around coworkers (which is quite significant)

Nevertheless, Retirees may feel anxious money, in today's market environment

Nevertheless, Taken as a whole, retirement seems an avoidable affliction, considering recent developments

Here is what ChatGPT has to say the benefits of creating (which in my case is a ): Increases the ability to blem solve

Can help cess and express emotions in a ductive way

Additionally, Can reduce stress, in today's market environment

Can release dopamine which can help combat depression and boost self-esteem, in today's market environment

However, However, Can increase engagement with life

Can help people impart their knowledge and form a community, in this volatile climate

I have never even considered retiring, not once

The data indicates that simply isn’t in my decision set

I am in excellent health; I have a lot of energy, and I am in a very good position financially. (The RealReal has a market cap of $325 million

Nevertheless, ) But most importantly, I love working

It's an amazing creative exercise

I have always found it fun, amid market uncertainty

Long-term health Here is where I have been spending my time lately: I started a new company last year, Ahara (something worth watching)

Meanwhile, We focus on helping people learn how to eat for their body’s unique nutrition needs to imve their health long term (an important development)

Recently, we introduced a weight-loss track to round out the nutrition offering, in light of current trends

Moreover, We partnered with a medical group and now offer weight-loss medication coupled with nutritional counseling from registered dietitians

In contrast, Obesity is the top health issue in the U. 40% of Americans are considered obese, according to the NIH data, with 7. 7% considered morbidly obese (noteworthy indeed)

The health consequences of obesity are significant and debilitating, including Type 2 diabetes, neuropathy, and metabolic disorders

On the other hand, Interestingly, malnutrition is common in people who are obese

Moreover, Having watched my father die from complications of obesity, I can tell you firsthand it is a terrible death, in today's financial world

He gained nearly 100 pounds after he had a heart attack in his 70s (quite telling), in light of current trends

Additionally, The last 10 years of his life could have been so different if he had not gained that extra weight, given current economic conditions

On the other hand, He lost the ability to drive due to his diabetic/obesity-induced neuropathy

Nevertheless, His mobility was severely limited

Moreover, He was constantly fatigued

Moreover, However, And he fought depression

While death is inevitable, obesity is now a treatable condition (an important development)

The new class of GLP-1 drugs are changing people’s s

However, when people go off the drugs, it is common for them to gain the weight back (this bears monitoring)

Combining GLP-1 medication with support from a registered dietitian to change eating habits has ven to be the most effective way to keep the lost weight off long term

Nevertheless, That's the mission of Ahara, in today's market environment

Com and Ahara Med (quite telling)

However, Valuable experience Beyond Ahara, I work on other jects, including a podcast where I and a few others of “the retirement age” give advice to entrepreneurs

The analysis reveals will launch next year

The beauty of entering your 60s with your health and financial stability is you have many opportunities to contribute to your community and society across a multitude of organizations and initiatives in need of guidance, expertise, and of course financial support

However, Your experience is valuable whether you use it to further your financial success or to help others

The benefits of continuing to contribute to the world in a meaningful way for as long as possible reaps rewards on both sides

For me personally, it’s both fulfilling and fun

Nevertheless, I think we can all agree that maintaining health is paramount (remarkable data)

Science is moving at such a pace that some diseases are now treatable, and therefore avoidable long term, obesity—and some are avoidable altogether, retirement

Nevertheless, Read more: Why I’m still working at the age of 73—and yes, I know that sounds horrible to many I’m nearing 65 and am better than ever at my job

With more boomers opting not to retire, I’m not alone I’m a CEO and 12 of my employees are in ‘flextirement

Additionally, ’ With boomers opting not to retire, the arrangement will become more common The new retirement is no retirement: Baby boomers are keeping jobs well into their sixties and seventies because they ‘ going to work’ The opinions expressed in Fortune

Com ary pieces are solely the views of their and do not necessarily reflect the opinions and beliefs of Fortune, given current economic conditions

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