Transcriber: Annet Johnson
Reviewer: gaith Takrity Do you ever dream of retirement? What’s your retirement dream? Is it pure bliss and relaxation? Can you almost feel that warm wind? Taste those fruity umbrella drinks? Lounging by the pool, endless games of golf,
walking on the beach? I’ve always loved vacations, haven’t you? So I think we’re really going to love
this constant vacation space in retirement too, right? It actually reminds me of a couple I know. Let’s call them, “Jeff and Jenny.” They’ve dreamt of retirement for years. Jeff had worked at the same company
for over 30 years. He knew everybody. He was the life of the place.
And Jenny, she’d often worked two jobs
so they’d have enough. They finally did. They moved to sunny Florida, of course. But something strange started to happen. Jeff seemed lost, lonely. They started to nip at each other. They started to quarrel. And Jenny, although she was
beginning to make community, really didn’t like to golf. She’d never been that sporty. She missed her long-time book club. She missed her best friends, her kids, her soon-to-be grandchild. What was going on? Had they not done everything right? They’d moved to sunny Florida. They’d worked with
a smart financial advisor. They’d saved enough. I ask you, if this is the dream vision
for retirement – You see it in the adverts. Why is it that so many are
dissatisfied at this age? Why is it that depression
increases by 40%? Why is it [that] substance abuse,
divorce rates are climbing? Why is everyone lonely? And people’s self-worth is low? Surely we can do better than this. Look, I’ve spent many years consulting and coaching and researching
the ideas, tools, and frameworks that best support us
during times of transition, like retirement.
Look, I’m not here to tell you
whether you should or shouldn’t retire, because maybe you should
or maybe you shouldn’t. It is up to you to design and discover. But I do want to share with you
what I know about these life changes, these life quakes, these life disruptors so we don’t end up
in a situation like Jeff and Jenny. Look, we know that transitions
are a regular part of life. They can be trying and triumphant.
They can be predictable and unpredictable because life often
doesn’t follow a straight line. But my research and others’ shows us
that if we bring our intention and attention to them,
we can improve our well-being. And we can improve our well-being
in retirement too. I like to think of it as an ROI,
a return on investment. But this time for our well-being. Think of it as the “ROI”
beyond our bank account, an investment portfolio
in human flourishing, your flourishing in retirement.
Where “R” is where we reframe
our current definition of retirement. “O” is where we optimize
the well-being in retirement. And “I” is where we ignite
our way forward. So let’s “ROI,” Reframe, Optimize,
and Ignite, your retirement. Let’s start with “R”: reframe. Let’s reframe your current
definition of retirement. Look, even the word retirement
sends shivers down my spine. I really don’t like that word much.
And when I look up the word “retire”
in a thesaurus, I see the strangest words: retreat, remove, exit, my personal favorite, “go to bed.” And, although I get it – It is very, very tempting
to go to bed sometimes, it does imply that we are
fading from life when in fact these years can be
some of our best years, some of our most flourishing years. So then, how did it start? Well, historically, we never
abruptly retired. We gently moved from one stage
to another in life. And then rumor has it, this gentleman – I think he looks a bit scary, actually, German Chancellor, Otto Van Bismarck,
in 1889, created this idea, this invention of retirement
when he put in place disability insurance for those over 70. This idea was radical. But other countries followed suit,
making retirement age between 65 and 70. But what’s interesting about
this time period of 1889 was the life expectancy
was less than 44 years. A far cry from our 80′ish years today. So to be clear, this definition
or invention of retirement is over 100 years old and we have almost doubled our lifespan.
So surely, can we not all agree that
we need to reframe, rethink, redesign … our retirement definition? Next, let’s “O” of the ROI, let’s optimize. Let’s optimize our well-being
in retirement. And it’s here we can learn
from some great science and research. Edward Jones asked over 9,000 retirees, “What gives you fulfillment
in retirement?” Their answers: being authentic, spending
time with those they care for, they love, doing interesting things,
things that help them grow, and being generous, giving back. Interestingly, money was
at the bottom of the list. And, look, we know that money can
bring us freedom and flexibility. But research consistently shows us
that above a base level, money is not the secret ingredient
to happiness in life or in retirement. It’s also interesting to examine
the disconnect between what retirees are thinking about – connection, contribution, community, and pre-retirees are thinking about, which is pretty much their bank accounts
and this vacation view of retirement. And when we look at
this vacation view of retirement, we find that over time it becomes the norm and starts to lack the joy it once did. It’s probably why
Berkeley researchers found that we have a sugar rush
of well-being when we first retire and then a year or two later
a fairly sharp decline.
Behavioral economists might call it
hedonic adaptation, where one more umbrella drink, one more golf game just loses its sparkle. We can also look into the world
of positive psychology as we continue to “O”, optimize. We can examine the science of
what makes for a good life, a happy life, a life better than fine. And it goes by the acronym, PERMAV. I like to think of it
as my well-being playbook where “P” is positive emotion,
feeling good, hopeful, inspired, loving. It’s like a micro moment of joy: a good laugh, a good meal. “E” is engagement. Having interests in pursuits that fully
captivate us and take us away: help us grow, our relationships, having loving and authentic relationships
with another, with groups, with communities.
“M” is meaning, that sense of purpose,
something beyond ourselves. “A” is accomplishment, having positive progress in life. And “V” is vitality, investing in our bodies, in our minds,
because they both matter and they work together. Look, these elements collectively
make up our well-being. They matter, they work together, and we have to bring our attention
and intention to them because they can change. So it’s super important
in retirement to focus on these. We can also learn from the
blue zones of the world, those zones where people
fully embrace the PERMAV elements. They live flourishing lives and they live
an extra 10 to 15 years than most of us. The word retirement doesn’t even exist. Take Marie, for example. She’s amazing. She's 101, has her own garden. walks over a mile a day,
volunteers five days a week, and spends a lot of time
with her great friends and her six great grandchildren. She is thriving. She is optimizing her retirement years. Next, “I” of the ROI. Let’s ignite our path forward. Let’s take action. Let’s explore ideas. Let's sneak up on the future.
We know that life is not
a fixed destination but rather a continual design project. There’s not one best option for us. There's many great options
for us in retirement. We also know to break down
our ideas and our actions. We break them down small, so we feel comfortable taking action. We have a conversation, we explore an idea, we learn something new, but in a safe way. So we take some action. We adjust and edit and we take a little more action
as we ignite our way forward. So in closing, I invite you, all of you, to have a conversation
about your retirement. But maybe a little differently this time. It is never too early
and it’s never too late. Let’s create a retirement canvas full of the colors and
textures of well-being and ignited by our boundless
designs and imaginations, like Jeff and Jenny did. They moved back from Florida. They still vacation there sometimes. They bought a smaller condo,
two doors down from their best friend. Jeff decided to go back to work part-time, and he’s taking improv
classes twice a week. And Jenny, she’s enrolled
in doing a Masters in English and still loving her long-time book club.
They are prioritizing their friends, their family, and their new grandchild. They are thriving. So … what about you? Let’s begin to ROI
your retirement chapter. Let’s start with “R”, refrain. What does retirement now mean to you? And what beliefs are
no longer serving you? “O”, optimize. Who and what will you prioritize and how will you use your many,
many strengths and skills? And how does this compare
with those you care for? And “I”, ignite. What is one small step
you could take today to better understand
your “retirement act,” knowing the best can be yet to come. Thank you. (Applause).
Scribe: Annet Johnson
Reviewer: gaith Takrity Do you ever desire of retired life? What's your retired life desire? Is it pure happiness as well as leisure? Can you nearly really feel that cozy wind? Taste those fruity umbrella drinks? Relaxing by the pool, countless games of golf,
strolling on the beach? I've always liked getaways, haven't you? So I believe we're actually mosting likely to enjoy
this consistent getaway room in retired life as well, right? It really reminds me of a pair I recognize. Allow's call them, “Jeff and Jenny.” They have actually desired for retirement for years. Jeff had actually operated at the same firm
for over three decades. He recognized everyone. He was the life of the place. And also Jenny, she would certainly often worked 2 jobs
Something strange began to happen. They began to nip at each other. They started to quarrel.
beginning to make community, actually didn't like to golf. She ‘d never ever been that sporty. She missed her long-time publication club. She missed her finest friends, her children, her future grandchild. What was going on? Had they not done every little thing? They ‘d relocated to bright Florida.They would certainly worked
a smart monetary expert. They would certainly conserved sufficient. I ask you, if this is the desire vision
for retired life – You see it in the adverts. Why is it that numerous are
disappointed at this age? Why is it that depression
separation prices are climbing up? Why is everybody lonely? And also people's self-worth is low? Undoubtedly we can do far better than this. Look, I have actually invested years consulting and training and researching
the suggestions, tools, as well as structures that best support us
during times of transition, like retired life. Look, I'm not right here to tell you
whether you ought to or shouldn't retire, since maybe you ought to
or maybe you shouldn't. It depends on you to develop and discover. I do desire to share with you
what I understand about these life modifications, these life quakes, these life disruptors so we do not wind up
in a circumstance like Jeff and also Jenny.Look, we understand that transitions are a regular component of life. They can be trying and victorious. They can be foreseeable as well as uncertain because life frequently does not comply with a straight line.
My research as well as others' programs us that if we bring our objective as well as focus to them, we can boost our well-being And also we can enhance our health. in retirement too. I like to consider it as an ROI, a return on
investment.But this time around for our wellness. Consider it as the “ROI”
. past our financial institution account
, an investment profile. in human flourishing, your
growing in retired life. Where” R” is where we reframe
. our current meaning of retirement. “O” is where we optimize
. the health in retirement. And also “I “is where we fire up. our method forward. Let's “ROI,” Reframe, Optimize,. and Fire up, your retirement.
Allow's begin with “R”: reframe. Allow's reframe your existing. interpretation of retired life.
Look, also words retired life. sends shivers down my spinal column.
I truly do not like that word a lot. As well as when I search for words “retire”. in a thesaurus, I see the strangest words: resort, remove, exit, my personal favorite, “go to sleep.” And, although I get it- It is really, very tempting. to go to bed in some cases, it does imply that we are. fading from life when as a matter of fact these years can be.
a few of our ideal years, some of our most growing years.So then, exactly how did it start? Well, historically, we never.
abruptly retired. We carefully moved from one phase.
to another in life. And also then rumor has it, this gentleman- I believe he looks a bit scary, in fact, German Chancellor, Otto Van Bismarck,. in 1889, developed this concept, this innovation of retirement. when he established disability insurance coverage for those over 70
. This idea was radical. Various other countries complied with fit,. making old age in between 65 as well as 70. But what's interesting about. this time period of 1889 was the life span. was less than 44 years.
An unlike our 80 ′ ish years today.
Next, allow's “O” of the ROI, let's
optimizeEnhance Let's optimize our wellness. Edward Jones asked over 9,000 retirees,” What provides you satisfaction.
time with those they look after, they like, doing intriguing things,. things that help them grow, and also being generous, giving back. Surprisingly, money was. at the bottom of the list. As well as, look, we understand that money can. bring us flexibility and versatility.
But study continually reveals us. that over a base degree, money is not the
secret active ingredient. to joy in life or in retired life. It's also intriguing to take a look at. the disconnect in between what senior citizens
are believing regarding- link, contribution, area, and also pre-retirees are considering, which is virtually their financial institution accounts. and this getaway view of retirement.And when we check out.
this getaway view of retirement,
we discover that in time it becomes the standard as well as begins to lack the pleasure it when did. It's probably why. Berkeley scientists discovered that we have a sugar rush. of wellness when we initially retire and then
a year or 2 later on. a relatively sharp decline. Behavior economists might call it. hedonic adaptation, where another umbrella drink, one more golf game simply loses its sparkle. We can likewise check into the globe. of positive psychology as we proceed to “O”, optimize. We can check out the scientific research of. what makes for an excellent life, a delighted life, a life much better than penalty. And also it passes the acronym, PERMAV. I like to think about it. as my well-being playbook where “P” is favorable feeling,. feeling excellent, confident, passionate, loving.It's like a mini minute of happiness
: a good laugh, an excellent meal.
” E” is engagement. Having interests in quests that fully. captivate us and also take us away: assist us grow, our connections, having caring and genuine partnerships. with another, with groups, with neighborhoods.
” M” is meaning, that feeling of function,. something beyond ourselves.
” A” is achievement, having favorable progression in life. And” V “is vitality, purchasing our bodies, in our minds,.
since they both matter as well as they collaborate. Look, these components collectively.
compose our wellness.
They matter, they function with each other, and also we have to bring our focus.
as well as intent to them because they can transform. It's incredibly vital.
in retired life to focus on these. We can also gain from the.
blue zones of the globe, those areas where people.
completely embrace the PERMAV elements. They live flourishing lives and also they live.
The word retirement doesn't also exist. Take Marie. She's remarkable.
volunteers five days a week, as well as spends a whole lot of time.
with her fantastic pals and also her six terrific grandchildren. She is prospering. She is optimizing her retirement years. Next, “I” of the ROI. Allow's ignite our course forward. Let's take action. Allow's explore concepts. Allow'' s creep up on the future. We understand that life is not.
a repaired destination however instead a continual style job. There's not one ideal choice for us. There'' s lots of wonderful options.
We damage them down tiny, so we really feel comfy taking activity. We take some activity. We adjust as well as modify and also we take a bit extra action.
as we ignite our way ahead. So in closing, I welcome you, every one of you, to have a conversation.
regarding your retired life. Perhaps a little differently this time. It is never as well very early.
as well as it's never ever as well late. Allow's produce a retirement canvas filled with the colors as well as.
structures of health and fired up by our boundless.
Jeff determined to go back to work part-time, and he's taking improv. As well as Jenny, she's registered. Allow's start to ROI.
your retired life chapter. Let's begin with “R”, refrain. What does retirement currently imply to you? And also what ideas are.
no more offering you? “O”, maximize. Who and also what will certainly you prioritize and also just how will certainly you utilize your numerous,.
lots of strengths and also skills? And just how does this contrast.
with those you care for? As well as “I”, spark. What is one small action.
you could take today to better understand.
your “retirement act,” recognizing the best can be yet to find. Thanks. (Praise).