24 April 2024

How to Find Your Passion after Retirement

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A recent survey showed that the majority of pre-retirees (72%) would like to keep working in retirement. About half (47%) of current retirees either are working, have worked or plan to work in retirement, and 58% of working retirees say retirement was an opportunity to transition to a different type of work, according to the survey, sponsored by Merrill Lynch in partnership with Age Wave, a research think-tank on aging issues.

But how do you figure out what to do in retirement for your second, third or fourth act? The beauty of later life transitions is that people can "leverage their life's experience and skills to fix the world, or their corner of it, in some way. As you age, you realize you only have so much time left" so if you try something and it doesn't work out, it's important to admit that and move on to the next thing.

Marci Alboher, a vice president at Encore.org, has talked to hundreds of people who have found their way to work with social impact later in life, and she says that those who really make a difference share some common characteristics: the ability to see problems that need fixing, persistence in finding opportunities or crafting new ones, and a willingness to learn and try new things.

Some people spend their lives in jobs they don't find deeply satisfying because financial commitments and family obligations often preclude a career change, says Joe Burgo, a psychologist in Chapel Hill, N.C. Retirement gives people a chance to finally pursue their passions. His advice: Don't do anything only because you think you ought to do it or because someone else expects it of you.

Careers and industries change very quickly, and it's important to help people adapt, according to Paul Irving, president of the Milken Institute.

Click here to access the full article on USA Today.

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