Redefining Retirement | Dean Waggenspack | TEDxDayton
What do you think of when you think of “retirement”? Is it about slowing down, stepping aside, withdrawing into an extended period of leisure? As Dean explains, this typical view of retirement is a historical anomaly, based upon the experience of a single generation in American history: the Greatest Generation. With the increases in life expectancy and economic insecurity, it’s time to rethink what we expect retirement to mean. Dean Waggenspack is a career/life coach, speaker and blogger about careers. Coaching is his third career, having worked for nearly 30 years in the corporate world and taught high school previously. Dean’s passion is to “encourage others to look inside themselves so that they realize as much of their potential as they are ready for, at this time”. A curiosity about what a person currently does, and the opportunity to discover “what’s next” for them in life, are what drive him. He and his wife, Rose, live in Kettering and have four grown children. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
Пікірлер: 80
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
@maga_zineng7810
Ай бұрын
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
@CraigChap_6898
Ай бұрын
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
@audeywolsh
Ай бұрын
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@CraigChap_6898
Ай бұрын
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@audeywolsh
Ай бұрын
thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Only retired from ‘9 to 5’ routine but not from loving to live. 71 and still learning new skills. A new chapter has started again. ❤😊
Thank you Dean. I am an example of "platinum years" at 71 I am accelerating, and 2020 was one of my most productive years.
Well said, Dean! I can speak from experience: Took voluntary redundancy at 59, and still very active and into lots of things: writing book, essays, speaking to groups, mentoring, teaching, pumping iron at the gym, doing yoga and meditation...and I turn 87 in a few days.
@donald3130
10 ай бұрын
Very good! You are a trail blazer! Keep at it!
That was very good. Thank you for not shutting us out. I mean you’re interesting and approachable to all people of all ages. Dean, you also offer hope as we move forward in life.
TRUE FREEDOM CONSISTS IN FREEING YOURSELF FROM BUSINESS
I am Retired in Finland 55 age. Now I am 58 age ! It is Best Time for me. Later I want Retired Finland & Thailand about 50/50. Retired 4 You.
I “retire” next week, and will comment on Dean’s concept of continued work beyond the age at which most do. 1) My work requires high cognition. Nobody but me can tell that I don’t learn as quickly or retain as much as I once did. But I can predict what would happen if I remain on this job until others can see it. 2) My experience adds to my effectiveness, and I’ve kept up with technology. But my personal culture doesn’t include ‘rewards for participation’. I don’t endorse some of the values in social media. The evolution of some progressive ideals makes me noticeable as, “old school”. A reader of these words can’t tell whether I’m a throwback to Archie Bunker or a pediatrician who’s worked with children and families of diverse kinds for 40 years. But please suspend assumptions and follow my thoughts on older workers. The changes in my skills and my reluctance to surrender my culture reduce my usefulness. If I were to stay in the workplace, these would become increasingly troublesome. But I know that I’m not atypical for my age. I’m not insensitive to dialog on racial, gender or orientation concerns. So I generalize my observations when I comment: Continuing to work is not solely at the discretion of the worker. A young, ambitious generation that demands uniformity in their workplace culture creates a less hospitable workplace for a worker who’s a generation (or more) older than them. For your proposal to be practical, workplaces would have to master the happy co-existence of employees whose cultures differ and (to some extent) will remain different.
@Swingman
Жыл бұрын
Well said.
@maximac222
Жыл бұрын
@David Kenagy You have put into words observations that I have noticed as I creep toward retirement. There is definitely a difference, a real generation gap. So we have all these "support" groups in corporations, i.e. Diversity & Inclusion, Women, Special Needs, etc... but age is not a group that "needs" support.
@cazola247
Жыл бұрын
As I understand the talk, the speaker is not suggesting we remain in our current jobs indefintely but that "retirement" from that job creates space for the things that really matter to us. I retired from a toxic and stressful workplace last week, and the feeling of freedom is absolutely fantastic. I look forward to launching a scarily audacious legacy project, but before that I need to create a few streams of income to supplement my pension, which will cover only the absolute essentials. Right now I'm allowing myself to relax for a while, read, watch these KZread videos and do nothing I don't feel like doing - a very foreign concept after 10 years in crisis mode.
@KyrstOak
21 күн бұрын
@@cazola247 Good luck! I hope your legacy project goes well, whatever it is.
Thought provoking and a fresh perspective!
Love Pay , Purpose, Passion Dean. I am going to use it with my candidates who are in the second half of their careers.
Agree and Thanks.. Pay, Passion and Purpose
Great job, Dean! I truly enjoyed your talk.
Thank you...
Depart, remove, withdraw sounds better to me man.
Great job my brother.
I'm fiancially secure and I'm going to retire from doing the work I do now, but I'll find work doing what I like to do. I can fix small engines. I'm certified in my state to do armed security work or drive armored car. I'll find something to do part time and when I don't like it I'll move on to something I do, but I don't see me in a rocking chair watching the world go by !
Awesome!
Mr waggenspack is back
Pay, passion and purpose- sounds a lot like my second-act/encore career wishlist. I want to work as long as I can, doing what I can, wherever I can with what I got (Burt Gummer's Survivalist Credo). Admittedly, I am an odd bird...
Right on Dean! Can you explain that to companies in the Pacific Northwest??
Retirement
"Withdrawing from society" doesn't sound so bad to me!
@faithellis2010
Жыл бұрын
A fantastic idea!
@jalvarez111
Жыл бұрын
I “retired” at 41 and the first year was great! I’m financially independent with more passive income than I need. The second I found something I like to do and followed that (fixing older homes). The third year I traveled Latin America. The fourth I lived in Brazil and now I’m looking at part time jobs or maybe volunteering. I am now 45 and never thought I’d be bored. The truth is you have to plan your retirement. There are ups and downs but find your “thing” and do that.
@sierrachoco5271
Жыл бұрын
@@jalvarez111 Hello! Thanks for the advice. But what I said was "withdrawing from society" doesn't sound bad to me. I am also retired in upstate NY. I really like wandering in the woods/forest for hours on end - that's why I posted the comment about withdrawal from society. It truly is a choice on an individual's preference. Best wishes from upstate NY!!
I retired at 26 and I'm in my 40s
@jalvarez111
Жыл бұрын
That’s awesome. Are you part of the FI community? What do you fill your days with?
@noname-JS
Жыл бұрын
@@jalvarez111 what's the Fl community? I do whatever I want, ski, tennis, travel, buy sell homes design lobby -- I basically dominate the USA
there 'was' a socially acceptable alternative not mentioned - moving full-or - part time into the home(s) of your children. Hope for acceptance by the significant other. Today virtually UNHEARD of - corporate lives, gray box lifestyles.
Except the main thing missing is free health care in the US.
Nah, not so much. He’s almost right in some ways. Pizza, paragliding and sharing time with your partner, sounds much better.
My wife is counting the days until I retire in about 3 years at 62. While I'm excited at the prospect, I'm honestly a little nervous. I am in a mid level executive role, with a salary in the low six figures, with a ton of autonomy. I can't say I love what I do, but I am extremely satisfied with what I do, making more than I ever thought possible, working with a team I've built and I love. Do I look forward to the freedom? Sure. And my health isn't great- I'm overweight, have heart disease, high BP and diabetes. So I know my time on the planet may be limited. I look forward to having the time to take a walk, etc. have coffee with friends, etc. But I know that I will have to fill my time with something.
@ChristianAmericanMan
Жыл бұрын
@Bill Murray I like the sounds of that Bill. Thanks for the encouragement.
@donniesmith8779
Жыл бұрын
I am looking at retiring the end of 2023 at 66. I am satisfied with what I do also. Make good easy money. I just want to make sure it is enough with this crazy economy we are living through right now. It is scary but I think I might work part time to make it through.
@craiggraham9061
Жыл бұрын
Here’s my list/plan so far, in no particular order: Physical assessment, exercise, diet (learn to cook?), online learning (too much to list), volunteering (e.g. Habitat for Humanity), and maybe some kind of easy part-time or seasonal job. New hobbies might fall into the learning category, such as taking up the guitar, or coding. Recreation might depend on budget for travel and other activities, perhaps financed by employment, or be as cheap as doing more reading. Other sedentary activities might include things like an Alfred Hitchcock marathon. Make a list of what you want to do. Figure which things can be done, and which can’t. Reassess why they can’t. Tackle the lists at your discretion. Change the lists at will. Enjoy the journey. And remember: Resting counts as an activity.
@louisel.sinniger2057
Жыл бұрын
@@donniesmith8779 Hi, Interesting reads BUT. To retire? The traditional retire? Naw, I am 70 almost 71. I work part time. I am a nurse of MANY years and I find I have a need to be mentally “on”. I’ve had times where I took extended time off and I found I was ready to get back to work. So I continue. I work 3 days a week and I find that amount works great for me. I guess you have to find your own niche. When ever I want to get away I just let them know at work and off I go. Think about that, you may find it just right. Good luck.
@donniesmith8779
Жыл бұрын
@@louisel.sinniger2057 I agree with you.. If my job will let me do part time.. I will be there for a longer time. That would be ideal. Thanks for you insight
Who is John Galt?
retire for 30 yrs really many financial people say that ? live till 95 !! wow i think more realistic like 15 to 20 yrs
Retirement is the last stage before death. Boomers act like they are young and can avoid reality. 💀
I'm sure the average German didn't live to only 47
@echo-trip-1
Жыл бұрын
@Trudy * Google is not that convenient for a question like this. What will come up is mostly life expectancy. But a life expectancy of 47 doesn't really mean that the average German lived to 47.
@alanhodgson7857
Жыл бұрын
Well, life expectancy includes child and infant mortality. Which remained high until mass vaccinations and the invention of antibiotics in the 20th century.
退職 Taishoku
I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to FIRE movement.
@georgestone0123
Жыл бұрын
Great job with your husband! I bet you’re living your best life right now.
@georgestone0123
Жыл бұрын
I’m a young dad, I’m really glad to hear your story it inspires me. What’s FIRE movement please.?
@sanaalazare
Жыл бұрын
FIRE means Financial Independence Retire Early . It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle by *ROCHELLE DUNGCA-SCHREIBER*
@georgestone0123
Жыл бұрын
Thanks for replying I will read more about the FIRE movement later
@tahirisaid2693
Жыл бұрын
Your story is inspiring. I’m 38 trying to achieve this goal you achieved. Share some tips please so others can actually learn.
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