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The concept of retirement, in a traditional sense, is a difficult transition for any retiree: after spending most of your life in a full-time career, there is a radical and abrupt change not only in the way you spend your days But how do you cultivate your sense of meaning. If you’re lucky, you’ve gotten up early to work at a job that you love or can at least tolerate; But without your old way of life, you may be looking at your watch, remembering your morning commute and the idle chatter of former colleagues.
Reasons to leave retirement behind, also known as “annulment”- they are different for many people: you are probably not prepared to win tens of millions of dollars in one go like boxer Floyd Mayweather, who recently announced that he is leaving retirement (once again) to fight YouTuber Logan Paul. Mayweather’s reasons are simple: make a fortune clowning around with an internet personality in the boxing ring. His are invariably different and belong very little to any show in show business. So don’t use Floyd Mayweather as a guide.
There are ways to get it right, so you’re not dedicating your life to a career in an unshakable sense, but finding a balance that makes your relationship with work and aging healthier. Here are some reasons to leave retirement behind.
Boredom and loneliness
Boredom is a pervasive aspect of aging in general. Without a work routine dictating much of your day, you can start to feel adrift. A survey last year by Britain’s National Citizens Service found that 40 per cent of surveyed retirees worked part-time just to be able to enjoy minimal social interaction. Among the 1,000 retirees surveyed, the three most common words used to describe their retirement were “boring,” “lonely,” and “quiet.”
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Human connection is an integral part of human fulfillment, so if you find yourself wandering through your days and feeling lonely, there is nothing wrong with looking for work. Part-time jobs are a good compromise between the slowness of retirement and the demands of a traditional career. In fact, by re-entering the job market, either part-time or full-time, you will join a growing cohort.
Kathleen Mullen, Senior Economist at RAND, said to New York Times in 2018:
We definitely see evidence that retirement is smooth. There is less than the traditional schedule: work until a certain age, retire, see the world. We see people lengthening their careers.
Financial problems
Compared to many other large and powerful nations, America’s social safety net is quite porous. With this in mind, it is even more alarming that 66 percent of millennials feel they are not on track to save decently for retirement, due to the skyrocketing cost of housing, according to a 2019 TD Ameritrade survey. A 2013 survey by the Board of Governors of the Federal Reserve System found a similar situation for some retirees.
As the Center for American Progress wrote:
Among respondents aged 55 to 64, those closest to retirement who should already have accumulated significant savings, the proportion who reported no savings or pension was still 19 percent, or about one in five households close to retirement. retirement.
This has only been aggravated by pandemic economy. If work is a necessity, and not a means of feeling more connected and with more purpose, returning to the professional world is a no-brainer. Not everyone has a pension or bulky 401 (k) plan to fall back on, and while this is a sad reality of the 21st century economy, there are still many low-rise jobs to consider in old age.
Fight against age discrimination in the workplace
One positive reason you might consider coming out of retirement: You can be a shining example to those around you of a capable and trustworthy older colleague. A 2018 report from Equal Employment Opportunity Commission found that age discrimination is rampant in the business world. But more experienced workers tend to be sources of institutional knowledge, and you can certainly use that to become an asset if you are coming out of retirement.
Paul Rupert, founder and CEO of Respectful Exits, a non-profit organization dedicated to finding age discrimination in the workplace, told AARP:
They know things that are essential to the success of the company, and if that knowledge is not captured and passed on to the next generation, that company is losing an enormous amount of capital and will eventually pay a price.
Rekindle a sense of pride and meaning
We are not all lucky enough to love our jobs, but it is true that standing up and striving to be productive within reason makes us happy. Happiness begets productivityAnd (though not necessarily the other way around), so if finding a reason to get up in the morning increases your disposition and gives you a sense of satisfaction, there’s no reason not to try to get back to work.
It bears repeating that each person’s reasons for canceling retirement are different. And it certainly is a great decision that requires a thorough study of whether it is necessary, both financially and mentally. However, this is likely to be the case.
