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Rethink Retirement – well-being beyond your bank account | Clare Davenport | TEDxBYU

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).

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The 4 phases of retirement | Dr. Riley Moynes | TEDxSurrey

Transcriber: Zsófia Herczeg
Reviewer: Peter Van de Ven Everybody says you need to prepare
to retire financially. And also certainly you do. But what they don’t inform you
is that you additionally need to prepare yourself mentally. That recognized? It’s vital
for a pair of factors. First, 10,000 North Americans
will retire today as well as daily for the next 10 to 15 years. This is a retired life tsunami. And also when these folks come
collapsing onto the coastline, a great deal of them are mosting likely to really feel
like fish out of water without a clue regarding what to anticipate. Second of all, it’s important
because there is a really great chance that you will certainly live one 3rd
of your life in retired life. So it is necessary that you have
a direct to the reality that there will be substantial
emotional adjustments as well as challenges that included it.I belong to a walking group
that satisfies early 3 early mornings a week. Our main objective is to place
10,000 steps on our Fitbits, and after that we go with coffee
and also cinnamon buns – (Laughter) more important. (Giggling) (Applause) So as we stroll, we’ve gotten right into the practice
of choosing a topic for conversation. And eventually, the topic was, “Just how do you squeeze
all that juice out of retirement?” How'' s that for 7:00 in the morning? We walk as well as we talk, and also the following day,
we go on to the following subject. But the inquiry remained with me due to the fact that I was truly having
some challenges with retirement. I was hectic sufficient,
I truly didn’t really feel that I was doing very much
that was significant or essential. I was actually having a hard time. I believed I had a respectable idea of what success resembled
in a working job, however when it involved retired life,
it was fuzzier for me.So I made a decision to dig much deeper. As well as what I uncovered was
that much of the material on retired life concentrates on the monetary
and/or the estate side of points. As well as naturally, they’re both crucial
yet simply not what I was seeking. I interviewed lots
as well as dozens of retired people, as well as I asked the question, “Just how do you press
all the juice out of retired life?” What I uncovered
was that there is a structure that can assist understand it all. Which’s what I desire
to share with you today. You see, there are 4 distinctive stages that a lot of us relocate through
in retirement. And also as you’ll see,
it’s not always a smooth ride. In the following couple of minutes, you’ll identify
which phase you remain in if you’re retired, and also if you’re not, you’ll have a far better suggestion
of what to expect when that time comes.And ideal of

all, you’ll recognize
that there is a stage four – one of the most pleasing,
satisfying of the 4 stages – and also that’s where you can press
all the juice out of retirement. Stage one is the trip stage,
and that’s simply what it’s like. You awaken when you desire,
you do what you desire all the time. And also the most effective part
is that there is no set routine. For most individuals, stage one stands for
their view of an optimal retirement. Relaxing, fun in the sunlight – flexibility, baby. (Laughter) And for the majority of people, stage one
lasts for concerning a year or two, and after that, strangely,
We start to really feel a little bit bored. Something in us appears to require one. Now when these thoughts and feelings
start to bubble up, you have currently moved right into stage two.Phase two is when we feel loss, and we really feel shed. Stage 2 is when we shed the huge five- significant losses all connected with retired life.
We shed that routine. We lose a feeling of identity. We shed many of the connections that we had established at the office. We shed a sense of function. And for some individuals, there is a loss of power.
Currently, we do not see these things coming. We didn ' t see these losses coming in due to the fact that they occurred simultaneously.
And also when we do, we’ve turned the corner to phase three. Stage three is a time of trial and also mistake. In phase three, we ask ourselves,” Just how can I make my life meaningful once more?
Maybe you’ll be like the old coots
.( Giggling )They did the ideal they could. Or perhaps you’ll be like my buddy Bill.
As well as in the winter months, we crinkle. Our minds.
He believed that there was a significant swimming pool of experience as well as experience in our group, and so he came close to a variety of people as well as asked if they would certainly volunteer to educate several of things
that they like to do to others.And virtually invariably, they agreed.
Expense himself showed two sessions, one on iPads and one on apples iphone, due to the fact that we were wise enough to recognize that a number of our members had been provided these points as gifts at Xmas (Giggling )by their youngsters, which they barely recognized exactly how to transform them on. The initial year, we provided nine programs, and also there were 200 individuals joined. Impressive. (Praise )That was Bill.
They showed us to paint. They instructed us to repair our bikes. We coached and mentored neighborhood college kids.
That’s what’s possible in stage 4. In stage 4, these are all recovered.( Laughter) Be prepared for the losses in phase 2.

(Laughter) As well as for most people, phase one
In stage three, we ask ourselves,” How can I make my life purposeful once again? That’s what’s possible in phase 4. In stage 4, these are all recovered.( Giggling) Be prepared for the losses in stage 2.

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Rethink Retirement – well-being beyond your bank account | Clare Davenport | TEDxBYU

Scribe: Annet Johnson
Customer: gaith Takrity Do you ever before dream of retired life? What’s your retirement desire? Lounging by the pool, unlimited video games of golf,
walking on the beach? I’ve always loved holidays, have not you? So I assume we’re really mosting likely to love
This constant holiday area in retired life also? It really reminds me of a pair I know.
He understood everyone. He was the life of the area. And Jenny, she would certainly commonly worked 2 tasks They would certainly have enough. They finally did. They transferred to warm Florida, certainly. Something weird began to take place. Jeff appeared shed, lonesome. They started to nip at each other. They started to quarrel.And Jenny, although she was starting to make neighborhood, really didn’t such as to golf. She ‘d never been that flashy. She missed her long-time publication club. She missed her friends, her children, her soon-to-be grandchild. What was going on? Had they not done everything? They would certainly relocated to bright Florida. They would certainly functioned with a smart financial consultant
. They ‘d saved enough. I ask you, if this is the desire vision for retired life -You see it in the adverts.Why is
it that a lot of are dissatisfied at this age? Why is it that anxiety increases by 40%? Why is it [
Why is everybody lonesome
? As well as people’s self-worth is reduced? Surely we can do far better than this.
Look, I’m not below to tell you whether you ought to or should not retire, since possibly you need to or possibly you shouldn’t. It is up to you to create and find. But I do want to show you what I learn about these life changes,
these life quakes, these life disruptors so we don’t wind up in a scenario like Jeff and also Jenny.
They can be attempting and also victorious.
And we can improve our wellness. This time for our health.
Consider it as the” ROI”. past our checking account, a financial investment profile.
in human flourishing, your growing in retirement. Where” R “is where we reframe. our current definition of retirement.” O” is where we optimize. the health in retired life. And also “I” is where we stir up. our way forward.
Let’s “ROI, “Reframe, Optimize,.
and also Fire up, your retirement.Let’s start with

” R “: reframe. Let’s reframe your current.
interpretation of retired life. Look, also words retired life.
sends out shivers down my spinal column. I really don’t like that word a lot. And when I seek out words “retire”.
in a thesaurus, I see the strangest words: hideaway, eliminate, departure, my individual fave, “go to sleep.” As well as, although I obtain it – It is extremely, really tempting.
to go to bed occasionally, it does imply that we are.
fading from life when in fact these years can be.
some of our ideal years, several of our most prospering years.So after that, exactly how did it begin? Well, traditionally, we never.
quickly retired. We gently moved from one stage.
to one more in life. And after that rumor has it, this gentleman – I think he looks a little bit scary, really, German Chancellor, Otto Van Bismarck,.
in 1889, produced this concept, this development of retirement.
when he established disability insurance for those over 70. This idea was extreme. Yet other countries followed suit,.
making retired life age in between 65 as well as 70. What’s interesting concerning.
this time duration of 1889 was the life expectations.
was much less than 44 years.A much sob

from our 80 ′ ish years today. So to be clear, this meaning.
or creation of retirement mores than 100 years old and also we have actually nearly doubled our lifespan. Undoubtedly, can we not all agree that.
we require to reframe, rethink, redesign … our retirement meaning? Next off, let’s “O” of the ROI, let’s enhance. Allow’s optimize our well-being.
in retired life. And it’s here we can discover.
from some excellent scientific research as well as study. Edward Jones asked over 9,000 senior citizens, “What gives you satisfaction.
in retired life?” Their solutions: being authentic, investing.
time with those they care for, they like, doing intriguing points,.
things that aid them grow, and being charitable, giving back. Remarkably, money was.
at the end of the checklist. And, look, we understand that cash can.
It’s also fascinating to analyze.

and also this getaway view of retirement. As well as when we take a look at.
this trip view of retirement, we find that in time it comes to be the standard as well as begins to do not have the happiness it as soon as did. It’s possibly why.
Berkeley scientists found that we have a sugar thrill.
of health when we initially retire as well as after that a year or more later.
a fairly sharp decrease. Behavioral financial experts might call it.
hedonic adjustment, where one even more umbrella drink, one more golf video game just loses its sparkle. We can likewise explore the globe.
of positive psychology as we proceed to “O”, enhance. We can analyze the science of.
what creates a great life, a delighted life, a life far better than penalty. And it goes by the phrase, PERMAV. I like to consider it.
as my well-being playbook where “P” declares emotion,.
really feeling great, confident, inspired, loving.It’s like a

mini moment of joy: an excellent laugh, a good dish. “E” is engagement. Having rate of interests in pursuits that completely.
captivate us and take us away: aid us expand, our partnerships, having caring as well as genuine connections.
with another, with groups, with communities. “M” is indicating, that sense of function,.
something beyond ourselves. “A” is accomplishment, having positive development in life. As well as “V” is vigor, buying our bodies, in our minds,.
due to the fact that they both issue and they work with each other. Look, these elements jointly.
comprise our well-being. They matter, they collaborate, as well as we have to bring our interest.
and also objective to them due to the fact that they can change.So it’s super essential. in retired life to focus on these. We can additionally learn from the. blue areas of the globe, those areas where individuals. totally accept the PERMAV components. They live growing lives as well as they live. an added 10 to 15 years than the majority of us.
The word retired life doesn’t also exist. She is optimizing her retirement years. We know that life is not.
for us in retired life. We also know to damage down.
our concepts as well as our actions. We break them down little, so we feel comfy doing something about it. We have a discussion, we discover an idea, we find out something new, yet in a risk-free way.So we take some action. We readjust and also modify and also we take a little extra action.
as we spark our method ahead. So in closing, I welcome you, all of you, to have a conversation.
regarding your retired life. However possibly a little in a different way this time around. It is never prematurely.
as well as it’s never as well late. Let’s develop a retired life canvas complete of the colors as well as.
appearances of health as well as ignited by our boundless.
layouts and also creative imaginations, like Jeff and also Jenny did. They returned from Florida. They still holiday there sometimes. They got a smaller condominium,.
two doors down from their buddy. Jeff chose to go back to function part-time, and also he’s taking improv.
classes twice a week.And Jenny

, she’s signed up.
in doing a Masters in English and still caring her veteran publication club. They are prioritizing their friends, their family, as well as their new grandchild. They are thriving. So … what concerning you? Allow’s begin to ROI.
your retirement phase. Let’s start with “R”, refrain. What does retirement currently imply to you? And also what beliefs are.
no more offering you? “O”, enhance. That and what will certainly you focus on as well as how will certainly you use your lots of,.
many staminas and skills? As well as how does this compare.
with those you look after? And “I”, ignite.What is one little action. you could take today to better understand. your” retirement act,” recognizing the most effective can be yet to find. Thank you.( Praise ).

Customer: gaith Takrity Do you ever dream of retirement? What’s your retired life dream? The word retirement doesn’t also exist. She is maximizing her retired life years. What does retirement now indicate to you?

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