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Want a great retirement?

Date

Work in Progress

James Adonis is one of Australia's best-known people-management thinkers

View more entries from Work in Progress

The secret isn't how much you earn or how early you retire, it's something quite surprising.

Having a purpose in retirement aids longevity.

Having a purpose in retirement aids longevity. Photo: Stock image

When the word retirement is mentioned in everyday discourse it's often associated with numbers. The amount you'll need to retire. The age at which you'll stop working. The tax you'll incur as you draw on your super. But what these numerical references neglect is the psychological dimension.

As someone who's decades away from retirement, I can't talk about my personal experiences (there are none) or expectations (what retirement?). I'll instead just refer to fresh research that explores the non-financial aspects, which are arguably as important as the financial.

The Ikarians' longevity is due to the fact their elderly are made to feel as though they matter.  

But first let's go to a story broadcast on 60 Minutes a few years ago. Journalist Liz Hayes travelled to the Greek island of Ikaria – "a magical place where people live longer than anyone else on the planet. They also have lower rates of cancer and heart disease and almost no dementia."

So what makes the inhabitants live so long (approximately 10 years longer than the rest of us) and so well? Is it the food? Is it the wine? Is it the island's beauty? One local thinks it's her love of Pepsi. Another attests it's infrequent sex. A 100-year-old credits a hard life working on rocky hillsides.

One of the scientists provides a more reasoned explanation: "[Retirees] are useful in the community until the very end … [y]ou must have purpose in your life." In other words, it appears as though the Ikarians' longevity is due to the fact their elderly are made to feel as though they matter. A younger resident describes it like this: "Nobody feels useless. And nobody is left alone."

The concept of mattering in old age has been emphasised in this month's edition of the American Psychologist journal. The scholars refer to it as 'psychological security'. It's derived from activities such as volunteering, part-time work, community involvement and caregiving. 

The problem, however, is that "there is a gap between what older adults want and need and what employers and policymakers are offering". That gap is exacerbated by inflexible bosses, ageist attitudes and outdated social norms.

Inflexible bosses are those who won't create adaptive work environments or provide quality jobs at hours that suit their employees' lifestyles. Ageist attitudes are those that overvalue youth and energy and undervalue older workers' experience and knowledge. Outdated social norms are those that insist the age of 65 is the point at which people reach their use-by date.

The researchers suggest there are three questions pre-retirees should ask themselves if they want to matter:

  • What can be done to enhance meaning and purpose in my life?
  • What in my current activity repertoire is most meaningful to me?
  • Where am I needed most?

On answering those questions, they're better placed to craft their ideal retirement even when confronted by antiquated obstructionists.

The critical need to continue mattering has also been elaborated on extensively in the latest issue of the Journal of Vocational Behavior. The two studies conducted by the researchers are linked by one element that seems to be at the core of mattering, namely: relationships.   

In sum, the cultivation of relationships at work prior to retirement, and the cultivation of relationships once an individual is retired, are key to the feeling that one matters in this world.

Now, for the final word, let's go to Leo Rosten, the American writer who penned a wonderful essay in the 1960s titled The Myths By Which We Live. He argued provocatively that crime does pay, that you shouldn't always tell the truth, that every problem doesn't have a solution, and that the purpose of life isn't necessarily to be happy:

"It is to be useful, to be honorable. It is to be compassionate. It is to matter, to have it make some difference that you lived."

What do you think? Is there more to retirement than your bank balance?

James Adonis' latest book is 'How To Be Great'.

15 comments so far

  • Couldn't agree more with this article but especially the last part.

    "It is to be useful, to be honorable. It is to be compassionate. It is to matter, to have it make some difference that you lived."

    Not everyone will really be remembered but you still have made a difference even to one persons life if you try to help others or it's just a relative. Once you stop you must still have a purpose even if it's just yours. I have been retired for 4 years now, I was 57 and never earn't more than 75k in my life but used it wisely because your spend more time being old than young.

    Commenter
    Terry
    Date and time
    May 20, 2016, 8:07AM
    • Of course James, being useful is incredibly important. Is this partly why women live longer than men? They remain useful to the wider family with nurturing.

      Employers are in ignorant bliss with their ageist attitudes to recruitment. On finely tuned technical matters (whether it be solving a mechanical problem, or a unravelling a legal issue) experience trumps. As one who is middle aged, and happily employed, I am becoming apprehensive about my future working life.

      Commenter
      dene_girl
      Location
      Sydney
      Date and time
      May 20, 2016, 9:04AM
      • I have been retired for 11 years. It has been the best stage of my life. No stress. No worries.

        Commenter
        Retired and loving it
        Location
        Melbourne
        Date and time
        May 20, 2016, 9:38AM
        • Good article and very true, however you do need to be healthy first to be of service to others, whether family, friends or community -- or to one's continued growth also; the universe is so full of information and experiences that makes life fascinating and awaiting for your personal discovery.

          I recently read Iain Pears Novel, Arcadia, where there is a reference to the French prolific writer Honore Balzac and for three years he simply read and read, drinking coffee or brandy -- by the fireplace during the winter months.

          WOW an idea ! a possible glimpse of what retirement can be and to enjoy the fruits of one's working life.

          Of course this must be balanced with family, friends or community as you don't live in a vacuum whilst learning the ancient Greek language or reading the first folio of Beowulf.

          Well I think you do need to challenge yourself, otherwise what's the point LOL.

          Commenter
          fruits of ones labors
          Date and time
          May 20, 2016, 11:34AM
          • I've known my neighbour for over 35 years. He is very old, has no purpose, is rude and is annoying. His family visits once every few months. He should have passed 20 years ago yet somehow he keeps living despite not leaving the house and pestering people with phone calls.

            Commenter
            Darryl
            Date and time
            May 20, 2016, 2:24PM
            • Ha! I live on the other side. He's rude to me too.

              Commenter
              AXIS
              Date and time
              May 20, 2016, 5:50PM
          • As an older worker, who prefers to contract, I have often felt the effects of ageism. It doesn't matter how hard you work or how effective you are... you're old and don't have the misguided energy of today's youff, who clock off at 5, after clowning around most of the day.

            And I am constantly surprised at how conservative and unimaginative they actually are. I use my ol'man grumpiness to tell them they're outdated and delivering rubbish. It's not about age; it's about focusing on the customer instead of their bonus... and that's outdated thinking?

            If we're deadwood, they're driftwood.

            Commenter
            Nats
            Location
            Newtown
            Date and time
            May 20, 2016, 3:48PM
            • Great article.

              I am an old fart at 70, but still enjoy working.

              Many years ago I was told that in retirement you had to have three things.

              1: Keep an Active Mind.

              2: Keep an Active Body.

              3: Keep an Active Social Life.

              Believe me It works.

              Commenter
              Tc
              Date and time
              May 20, 2016, 3:56PM
              • My best mate is a farmer in his seventies who still works a full day and now takes his great grand children around with him on the farm, he has had his health problems but he just keeps going with a smile on his face, he is an inspiration to all who know him.

                Commenter
                EXO
                Location
                Port Macquarie.
                Date and time
                May 20, 2016, 6:28PM
            • You hit the nail on the head when you suggest that:
              'When the word retirement is mentioned in everyday discourse it's often associated with numbers. The amount you'll need to retire. The age at which you'll stop working. The tax you'll incur as you draw on your super'.

              It is driven by the power of the economic and political systems - that have an interest in maintaining the social structure - and encouraging, or even not very subtly, coercing the masses to conform. What the research identifies is the power of individuals within a community. If we had stronger communities and were less obsessed with economics and politics, in other words, we learn to ignore the news and advertising we would lead happier lives. In fact there is plenty of us older people who already do!

              Commenter
              Bingo
              Date and time
              May 20, 2016, 3:57PM

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