Today, retirement is being redefined; it is no longer a retreat.
Carstensen and Ken Dychtwald, founder and CEO of Age Wave call for a new design, one that is similar to a mosaic that combines work, leisure, learning and giving back that can occur in any order, rather than packing them all into our middle years.
Again, for some, this is not an issue. The retirement experience can be relief from tedious and physically demanding work or the long commutes, a time to step back. Yet, today, retirement is being redefined; it is no longer a retreat. For many, it is a period of transition, moving on to the next chapter with new endeavors, engagements and opportunities.
According to Carstensen, most people cannot save enough during their 40 years of work to support themselves for 30 non-working years. And society cannot provide adequate pension support for that period of time, she notes. These conditions require a new and different work model including part-time work, phased retirement, opportunities to move in and out of the workforce with education throughout one’s life.
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