Retirement, as our parents and grandparents lived it, is being redefined and transformed by the Baby Boomers – the largest group in history to reach “retirement age.” With increased longevity, retirees stand to live 20 to 30 years in this phase of life, and many are challenging the status quo and forging new lifestyle pathways. They are Rethinking Retirement!
Rethinking Retirement involves viewing this phase of life as a period of transition through the lens of four key areas:
- Contribution: shifting your mindset from work to contribution – to your profession, family, community, and society
- Well-Being: finding ways to thrive despite change and adversity and developing mental, emotional, and physical resilience
- Connection: broadening your social network and deepening important relationships to maintain a sense of belonging
- Purpose: redefining your life purpose to create more meaning in life
There is no “one size fits all” solution when it comes to retirement lifestyle planning. It involves curiosity, openness, and structured reflection to shift your thinking so that you make the choices that are right for you.