Thursday, October 22, 2020

Retirement Post-COVID. A Conversation with Ken Dychtwald

The New York Times recently ran an article, Rethinking Retirement,  that is a conversation with Ken Dychtwald.

When someone retires, three substantial changes take place, said Ken Dychtwald, psychologist, gerontologist and founder and chief executive of Age Wave, a consulting and research company.

“They struggle with their identity, relationships and activity,” he said. “Some people feel unsettled, anxious or even bored, but eventually they realize that relationships, wellness and purpose really matter — perhaps more than ever.”

The reporter asked him if his views of retirement have changed due to his turning 70 and COVID. The short answer-yes. One statement he made resonated with me: "The pandemic this year has given many of us an enormous appreciation for the preciousness of life. I’ve come to realize that I’d like to be useful more than youthful." He notes that many individuals who are retired have made "themselves irrelevant"  while recognizing staying relevant takes time and effort.

He responds to several interesting questions, the last of which is notable

What is the biggest mistake retirees make?

Far too many think far too small. I have asked thousands of people from all walks of life over the years who are nearing retirement what they hope to do in retirement. They tell me: “I want to get some rest, exercise some more, visit with my family, go on a great vacation, read some great books.” Then most stall. Few have taken the time or effort to study the countless possibilities that await them or imagine or explore all of the incredible ways they can spend the next period of their lives.

https://lawprofessors.typepad.com/elder_law/2020/10/retirement-post-covid-a-conversation-with-ken-dychtwald.html

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