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Not Your Grandfather's Retirement

CBS News, 5/17/09

Abstract:

John Bauer was a high school teacher in Michigan before retiring to Asheville, and getting a part-time job as a tour guide at the Biltmore Estate.

"Why do I wanna keep on teaching when I can retire financially and I can try something completely different?" he asked.

Americans just aren't retiring the way they used to ...

"We don't want to just sit down and vegetate," said Jim Wyatt.

And you don't have to go very far from the Biltmore Estate to see how they're redesigning the whole notion.

Nancy Long spent her career writing for newspapers and magazines. Now she's a volunteer docent at the Asheville Art Museum.

Long and her husband, Al, were attracted to Asheville, N.C., because for a small city, it has a lot going on culturally.

But the big selling point was the fact that they could live right downtown and walk everywhere, a growing trend among retirees.

The Longs live in a compact loft in an old commercial building, but here's the kicker: When they retired, they actually lived in Florida … and moved away.

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