Can You Buy a Bagel With it?May 31, 2018
We visit the Berkshires, in western Massachusetts, to see what a local currency, the BerkShare, can teach us about the value of alternative currencies.
For a cross-generational cohort who expect to live longer, more active lives, the last thing they want is a traditional retirement—which is why they’re reinventing the whole concept.
After long careers and years of saving, many of today’s retirees have decided not to set sail on an exotic cruise or spend their days on the golf course. They’re changing what it means to retire by re-entering the workforce—and creating an entirely new market in the process.
In this episode of the Ideas podcast, we look at the tech startups, nonprofits, and even the baby boomers themselves who are shaping the newly retired market. Steve Records, the Vice President of Field Operations at SCORE, explains how connecting young entrepreneurs with retired mentees has shown him that 70 is the new 40. Dan Hunt, Managing Director and Senior Investment Strategist at Morgan Stanley Wealth Management, explains how shifts in financial planning are changing the way we see retirement. And Sam Gerstenzang, the co-founder of Umbrella, a company that hires recent-retirees to help older seniors with odd jobs, introduces us to two of his clients: Cathy and Yariv, who embody why this market has the power to bring both younger and older generations unprecedented joy.
We’ll be taking a break for next week’s holiday, but we’ll be back soon with our season finale of the Morgan Stanley Ideas Podcast.
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The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.
This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley and its affiliates do not currently offer the services provided by Umbrella or Score, which are not affiliates of the Firm. Morgan Stanley has not conducted a review or diligence of these companies. This should not be considered to be a solicitation or endorsement by the Firm of Umbrella or Score or their services.
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