#14 Life Happens Part 1

The resilient second-halfer through wisdom and personal stories is prepared and empowered for the second half of life. Tom Rasmussen, Income Protection Specialist with Clear Solutions, shares his proven insights about how to thrive through life happenings. This two part podcast explores first what makes a good life and second how to financially build resiliency. Aging with Altitude is recorded in the Pikes Peak region with a focus on topics of aging interest across the country. We talk about both the everyday and novel needs and approaches to age with altitude whether you’re in Ft. Lauderdale, Florida or Leadville, Colorado. The Pikes Peak Area Agency on Aging is the producer. Learn more at Pikes Peak Area Agency on Aging. Transcript: You're listening to Studio 809. This is what community sounds like. Cynthia Margiotta: This is Aging with Altitude, welcome to all! Brought to you by the Pikes Peak Area Council of Governments Area Agency on Aging. We strive to provide answers, assistance, and advocacy to our elders. Thank you for joining us today. Our topic today is Life Happens. What is your plan? I'm your host, Cynthia Margiotta, a geriatric social worker and volunteer with Pikes Peak Area Council of Governments Area Agency on Aging. With me today is Tom Rasmussen, Rasmussen, Rasmussen, I will never get your name right. He is an income protection specialist with Clear Solutions Insurance Services. Tom is an income protection and longevity health planning specialist advising on life, disability, extended care, and health care planning. Tom has helped thousands of people with income protection planning across the country. He was a national broker to hundreds of agents across the country, and as a received top awards for management and production. He's published articles for industry magazines and local papers as well been interviewed on radio several times now a podcast regarding senior issues and the importance of planning. He's a member of the nonprofit Long Term Care Forum Panel of Colorado, advising state legislators and industry experts on long term care planning issues in the state of Colorado. He holds the designation of CLTC, which classifies him as a certified long term care specialist. Tom is currently doing educational workshops and seminars on income protection throughout Colorado. He's the co-host of the streaming TV show New Horizons, Living Life to the Fullest, which illustrates how resilient and empowering the second half of life can be. Tom contributed to Kevin Gussman's Amazon bestseller Retire with Freedom and Confidence, and released his own book called Are you Protecting your Greatest Asset in December of 2018? You've done a lot, haven't you? Tom Rasmussen: Well, I like to keep busy. Cynthia Margiotta: Yes! Tom Rasmussen: Don't we all? Cynthia Margiotta: Don't we all? Yes. So let's get started with some of our questions. First off, what is meant by "second halfers"? Tom Rasmussen: Well, that's a great question, and appreciate you allow me to be on the show here. So, "second halfers"...you know, there's a term that has been used for a number of years called seniors. And I've never liked that labeling, because it identifies that certain segment of society as being maybe has no value. I mean, that, you know, we're in a society that let's face it, our particular culture doesn't really cherish seniors. And I decided to coin a new phrase of " second halfers", because it doesn't identify somebody by what you would consider their age. And so, if I said senior to somebody, what age do you define that by? Sixty-five or older would generally be the response? If I say "second halfer"? You mean 45, 48? Sure, why not? It just it's a way to break down this the perceptions of society that you know, seniors are not ready to put out to pasture. Cynthia Margiotta: Alright, I like your term, by the way, I think it's a really useful thing. I think we should switch it up a little, huh? You did something like that. So what is resiliency? Tom Rasmussen: Resiliency is an interesting word because when I do workshops, I always ask the audience, are they resilient? And it's interesting, the puzzled look you get from people. And so I have to go a little bit further and I ask, have you ever made it through a challenge, whatever that challenge may be? Oh, yeah, yeah, for sure I have. Well, the dictionary defines resiliency as recovering strength and I always have to point out that resiliency is achieved by pushing through a challenging situation. So, resiliency is something that we probably have all experienced in our lives. But I don't know if we have identify it as such, when we actually achieve it. Cynthia Margiotta: Yeah, well, it's hard to be resilient. I think that that's a good term to use. I don't think that's used very often in our society. Tom Rasmussen: Well, for resiliency was easy than everybody be doing it. Cynthia Margiotta: I mean, it's not used that word, you know, either you did it or you didn't do it. Not that you became more resilient in and learned from it. Tom Rasmussen: Well, it's words are powerful. And I tried to take a very strong look at the words I use to identify either meanings beyond what people perceive certain things to be, or change the perception of what people think, like seniors to "second halfers". Cynthia Margiotta: So, what is empowerment? Tom Rasmussen: Well, I use those two words together, because sometimes people identify them as being the same thing. And they're really not, you know, where I stated the dictionary basically defines resiliency as recovering strength. Empowerment is defined as to give power to. So even though they're not the same thing, they're very much connected. Because when somebody pushes through a challenging situation, and is resilient, by doing so they empower themselves. And so that's where the connection comes from. And so that's why I like to use those two words. Because it really came about when I was writing my book, it dawned on me after I was about three quarters away of writing it that after thirty some odd years of doing what I do, nobody actually looked at putting a planning strategy together as empowerment. And I had to ask myself, and other people as well, why do we not think of that as empowerment? And so we had to define what was empowerment? Well, empowerment is anything that gives you the ability to be resilient. And so empowerment, on one hand, can come from resiliency or you can empower yourself to provide you more resiliency. Cynthia Margiotta: So they are wrapped up in each other very strongly. And they, like a circle, they come and they go. The circle can go clockwise, as well as counterclockwise. Tom Rasmussen: I mean, from the standpoint of putting together strategies that help what I call "life happens events", what's more empowering, to have a funding plan in place to help you push through those "life happens events", like a disability, an extended care situation, and unexpected death. You know, that should be a more prideful ability to say, look what I did, then to push it away, don't talk about it, and then not have it at all, and then have those things come into your life. And then is that the thing that could have created the resiliency to get through that? And because of that you didn't you achieve resiliency? Cynthia Margiotta: Hey, smart to be prepared? Tom Rasmussen: Well, we'd like to think so. Yeah, I wish everybody would take that a little more seriously. Cynthia Margiotta: So they definitely relate to each other. Absolutely. Yes. So what does this have to do with the second half of life then? Tom Rasmussen: Well, with having thirty-plus years, working with, you know, the "second halfers" that I have, there's things that we have to understand that as we go through our seasoned years, so to speak. Then, can we better position ourselves back to the preparedness and planning to be able to be more empowered to get every moment to its fullest capacity? You know, that's that's how it relates. I mean, there's several different things that I always attribute to when I give workshops and seminars and regards to how do you achieve empowerment and resiliency. And there's four things that I always talk about. So it's decluttering, telling your story, doing the paperwork, and have a funding plan. Cynthia Margiotta: Is that are part two? Is that the question for our part two? I don't want to ask that yet. So don't let don't get there yet. Oh, good. What are some of the things one can do to bring about resiliency, and empowerment to the second half of their lives? Tom Rasmussen: Well, like I mentioned decluttering, let's talk about that. So decluttering is a very interesting thing because who we as maybe a human nature, we like to keep things, collect things, gather things, for whatever reason. And I don't know about you, but through my life when I've had either four situations or by design, or I decluttered my life, it was very freeing. I use an expression many times that, do we own things or do things own us, you know, the more things we have, it takes a lot more of our time to maintain those things, whether