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Rethinking Retirement

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When someone retires, three substantial changes take place, said Ken Dychtwald, psychologist, gerontologist and founder and chief executive of Age Wave, a consulting and research company.

“They struggle with their identity, relationships and activity,” he said. “Some people feel unsettled, anxious or even bored, but eventually they realize that relationships, wellness and purpose really matter — perhaps more than ever.”

In his new book, his 17th, “What Retirees Want: A Holistic View of Life’s Third Age,” Dr. Dychtwald and his co-author, Robert Morison, parse how boomers are redefining retirement.

For this book, the authors surveyed more than 100,000 boomers, exploring facets of retirement — family, financial security, health, housing, leisure, philanthropy, work and happiness.

I spoke with Dr. Dychtwald about the book, the authors’ conclusions and also about his personal views of retirement. The highlights of our conversation are below and have been edited and condensed.

How have your views about retirement changed because of coronavirus and turning 70 this year?

I’ve been talking about retirement for 45 years, and my views are transforming. That’s partly sparked by Covid-19 and partly by turning 70, and also by having studied so many successful and unsuccessful retirees over the past half century.

Now let me unpack that. When I was getting started in this field, in the 1970s, we were inclined to think of retirement as kind of a short wind-down period, following a life of hard work. Back then, when people managed to get to the end of their work life, it was kind of a triumph. There was generally the view that retirement was a mark of success, and the earlier one did it, the more successful they must be.

It used to be that in retirement people sought to do things that they always liked, but didn’t have time for during their working years, like taking an extended vacation, playing more golf, socializing with friends, or reading some good books. That is how I thought about it, too.

That changed for me when I realized that retirement was getting longer — and longer. In addition, our studies were showing that many retirees were feeling bored and irrelevant, for decades. And I also began to notice that what was emerging was that some of the most successful role models for me weren’t winding it up when they turned 65. In fact, they were reinventing themselves and starting charities or organizations, or staying longer with their companies — with many even doing their best work.

I decided in my later years it was not going to be turn out the lights and devote myself to playing 24/7. I’ve come to see this evolving stage of life like a portfolio, and I now have the freedom and self-awareness to change and reprioritize my mix of activities. I view it as having a better balance between quality time with my family, work, play, continued learning and volunteering.

The pandemic this year has given many of us an enormous appreciation for the preciousness of life. I’ve come to realize that I’d like to be useful more than youthful.

However, I have been very troubled by the lack of usefulness among so many of my cohort. I’ve observed far too many boomers and older adults make themselves irrelevant. I was really troubled when I read that last year the average American retiree watched more than 48 hours of television per week. I don’t believe that’s the best we can do, or that’s the best we can be as elder men and women.

I realize that it takes a lot of effort to remain current, and it takes a lot of work to understand new technology and a lot of work to understand modern culture and understand why folks like Childish Gambino or Billie Eilish and her brother Finneas are so interesting and to understand the appeal of TikTok. Stepping outside your time and your era and being a part of the present requires a willingness to continually learn and grow.

ImageMr. Dychtwald encourages retirees to keep up with current cultural figures like Billie Eilish.
Credit…Democratic National Convention, via Associated Press

I challenge pre-retirees and retirees to ask: How do I try and see and feel the world from the perspective of those far younger than me? That is an important activity in our new longevity. That we spend time and energy not to just try to hoard our life and our memories, but that we also actively try to be empathetic to different people, younger people.

In your book, you write about Life’s Third Age. Can you describe that?

For our first 30 years of life, our focus is on biological development, making friends, identity formation and seeking a partner. Then, from 30 to 60, it’s a period occupied with building a family and a productive career. However, because of medical breakthroughs during the 20th century, what is now emerging is a whole new stage of life between 60 to 90. And that is uncharted territory, but we know for sure that it offers far more than the limited retirement arrangements that our parents and grandparents pursued.

This new Third Age is about reinvention of oneself. It’s no longer, only wow, you have time and are free to do your thing. It’s about continuing to grow, learn, meet new people, try new things and even discover new purpose. I also believe that there are important roles and accountabilities that need to be filled by today’s elders.

As boomers pave this new territory, younger generations will take notice and they will embrace the fact that life has got some hairpin turns and twists over the course of a 100-year life. They will have time to work and other time when they’ll play, and there’s a good chance that they will pursue multiple careers over the course of such a long life. In the future, it will be commonplace for there to be continued course-corrections and cyclical reinventions rather than this massive retirement.

How is retirement a sequence of shifts over time?

People have traditionally thought of retirement as an on-off switch. You’re working and then you’re retired. I see it as a series of stages. There’s the pre-retirement “anticipation” period when folks are imagining what they’ll do and who they’ll be when they no longer work. Then the immediate period of retirement is like a liberation, a honeymoon period where people are usually exhilarated.

That only lasts a year or so, and then there is another shift toward reorientation where people explore those big questions of what am I going to do all day long and what will matter to me? Then, further downstream there is another shift toward reconciliation, when folks piece together what their life was — to make sense of it and turn it into wisdom and get set to leave their legacy.

Credit…Getty Images

Going forward, I think that there will be even more shifts for retirees — or should I say “Third Agers” as people are forced to re-craft their plans, or they initiate the shifts themselves. Some people will become either bored or curious and will consider going back to school, or starting a nonprofit, or learning a foreign language or writing a memoir or training for a marathon. And, of course, there are unexpected subplots. Someone you love gets sick and you have to spend your time caregiving, or your adult kids move back home. Bingo — all your plans change.

What has emerged from your research that retirees should think about?

The importance of interdependence alongside independence — we all would do better in our later years if we’re connected and not isolated. And how do I maximize my health span, not just my life span?

And there’s the serious issue of funding our longer lives. A third of the boomers have close to nothing saved for retirement and no pensions; that is a massive poverty phenomenon about to happen, unless millions of people work a bit longer, spend less, downsize or even share their homes with housemates or family.

What is the biggest mistake retirees make?

Far too many think far too small. I have asked thousands of people from all walks of life over the years who are nearing retirement what they hope to do in retirement. They tell me: ‘I want to get some rest, exercise some more, visit with my family, go on a great vacation, read some great books’ Then most stall. Few have taken the time or effort to study the countless possibilities that await them or imagine or explore all of the incredible ways they can spend the next period of their lives.

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U.S. Imposes Sanctions on Qaeda Financier Who Trades in Gems

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WASHINGTON — The Trump administration on Monday imposed sanctions on an Australian-based businessman and his gemstone company for helping Al Qaeda move money across the globe to sustain its operations.

Treasury officials said Ahmed Luqman Talib traded in precious stones, allowing him to “move funds internationally” for Al Qaeda. Mr. Talib’s business is based in Melbourne, but he works around the world, including in Brazil, Colombia, Sri Lanka, Tanzania, Turkey and the Persian Gulf region, the Treasury Department said in a statement.

Terrorist groups continue to use financial facilitators to help carry out their activities, Treasury Secretary Steven T. Mnuchin said in a statement. The department remained committed to disrupting those financial activities and networks, he added, expressing appreciation for “the collaboration with our Australian partners.”

The effects of the sanctions on Mr. Talib are unclear. The measure freezes assets he holds in the United States and prohibits American companies or individuals from doing business with him.

Treasury officials did not disclose whether Mr. Talib held assets or property in the United States. In 2010, he was a student activist in Australia who was shot when Israeli naval commandos killed nine activists on a ship that was carrying aid to Gaza.

The American action against Mr. Talib was notable, experts said, because it showed that the government was still concerned about how extremist groups like Al Qaeda and the Islamic State continue to creatively raise and distribute money for their operations, despite military, intelligence and legal pressures that have dealt significant blows to their activity.

“It goes to show that Al Qaeda still retains these kind of networks,” said Charles Lister, the director of the Countering Terrorism and Extremism Program at the Middle East Institute, a think tank. “Even though the U.S. has done a very good job in pressuring the networks to such an extent that they are kind of a miniature version of 10 or 15 years ago.”

Mr. Talib’s use of gemstones to move finances for Al Qaeda was a departure from what had become a norm in terrorist financing, experts said, which was to stray from transnational funding toward developing income streams in countries where they maintained a presence. But terrorism experts noted the development with interest.

“Governments and private sector have made it harder to move funds via formal and informal financial systems,” said Matthew Levitt, the director of counterterrorism and intelligence at The Washington Institute. “It is interesting to see terrorists relying on gemstones, which are easy to move and hold value.”

Since the Sept. 11, 2001, attacks, Al Qaeda’s influence across the world has diminished. Key leaders, including Osama bin Laden, have been killed. The group’s lone ideological leader, Ayman al-Zawahri, is aging, and U.S. intelligence experts do not see him as a potent threat.

Despite that, the group continues to find inventive ways to finance its operations.

In August, the United States government seized about $2 million in Bitcoin and other types of cryptocurrency from accounts that had sent or received funds in alleged financing schemes for three foreign terrorist organizations, including Al Qaeda.

Other groups, like the Islamic State, have also found ways to rely on methods such as kidnapping for ransom, private donations and crowdsourced online fund-raising, according to a United Nations report. ISIS currently has financial reserves estimated at nearly $100 million, the U.N. found.

“ISIS taught us in recent years that international financing of terrorist activities isn’t the most sustainable way to go,” Mr. Lister said. “That was a big lesson, and it definitely transformed the way Al Qaeda operates.”

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After denying the existence of COVID-19, influencer dies from this disease

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“I also thought there was no COVID, and this is all relative. Until I got sick,” he posted on his Instagram account.

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October 19, 2020 3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

  • El hombre contrajo la enfermedad en un viaje que realizó a Turquía.
  • “También pensé que no había COVID, y todo esto es relativo. Hasta que me enfermé”, publicó en su cuenta de Instagram.

Definitivamente el coronavirus, ha sido un tema controvertido entre diferentes personalidades públicas en el mundo. Algunos de ellos hasta han negado su existencia. Sin embargo, es importante recordar que el COVID-19 es una enfermedad real y hay que cuidarnos.

Dmitriy Stuzhuk, influencer fitness, ucraniano, murió tras haberse infectado de SARS-CoV-2 . El deportista había negado la existencia del virus cuando lo declararon pandemia. Sin embargo, publicó en sus redes que había contraído la enfermedad.

“Como todos saben por las historias, estoy enfermo de coronavirus. Hoy, después de regresar a casa, por primera vez hubo entusiasmo por al menos escribir algo. Quiero compartir cómo me enfermé y advertir a todos: también pensé que no había covid, y todo esto es relativo. Hasta que me enfermé. ¡LA ENFERMEDAD COVID-19 NO ES EFÍMERA! Y es pesada ”, dice en un publicación en Instagram de hace cinco días.

CORONAVIRUS “COVID” DAY 8 ⠀ As you all know from the stories, I have corlnavirus. Today, after returning home, for the first time there was an enthusiasm for at least writing something. I want to share how I got sick and strongly warn everyone: I also thought that there was no covid, and this is all relative. Until he got sick. COVID-19 DISEASE IS NOT EPHEME! And heavy. But first things first. ⠀ How was it? I felt bad on the second day in Turkey. I woke up in the middle of the night because my neck was swollen and it was hard to breathe. At the same time, my stomach ached a little. ⠀ The next day, a cough began to appear, but there was no temperature. There were no particular symptoms of the disease either, so I thought that these could be consequences after playing sports, changing the climate and nutrition, and plus sleeping under air conditioning. ⠀ After returning from Turkey, I immediately went to take various tests, do an ultrasound scan and, just in case, decided to take a COVID test. It turned out to be positive. The next day I went to have a CT scan. I was prescribed treatment and began to insist on hospitalization. This is a separate story, because now there are renovations, the hospital is completely filled with people, some of them live in the corridor There is no food, no paper, no cutlery either! Nobody warned me about this. A separate post will be devoted to medicine in our country – well, it deserves it. ⠀ ABOUT TREATMENT. I was prescribed a course of treatment and told that I needed to continue it. They gave me an oxygen apparatus for breathing, since I have a low oxygen level (although I think it is considered critical after 90, for me 94-96 it is quite permissible for treatment at home, the doctor in the waiting room told me the same thing). Considering all these factors, I make a decision that it will be more convenient and comfortable for me to be in remote care at home, where I have all the conditions for normal treatment. In the end, I can always turn to the right services. She is at home, as they say, and the walls heal ⠀ My condition is stable.

Una publicación compartida de Dima Stuzhuk (@stuzhuk_dmitriy) el 14 Oct, 2020 a las 11:22 PDT

El hombre contrajo la enfermedad en un viaje que realizó a Turquía. En la misma publicación cuenta su historia y cómo empezó a sentirse: “me desperté en medio de la noche porque mi cuello estaba hinchado y me costaba respirar. Al mismo tiempo, me dolía un poco el estómago. Al día siguiente, empezó a aparecer tos, pero no había temperatura. Tampoco había síntomas particulares de la enfermedad, por lo que pensé que podrían ser consecuencias después de hacer deporte, cambiar el clima y la nutrición, y además dormir debajo de un aire acondicionado ”.

Luego de regresar decidió ir al medico y realizarse pruebas, dentro de ellas la de COVID-19, y resultó positivo. Tras pasar ocho días en el hospital, el influencer regresó a su casa para seguir con el tratamiento.

Sin embargo, su exesposa, también influencer, Sofia Stuzhuk dio a conocer la noticia a través de su Instagram donde publicó una foto de su familia diciendo “Dima ya no está con nosotros. Su corazón no pudo soportar ”.

La pareja tenía tres hijos juntos, y aunque se habían separado llevaban una buena relación. Sofia comentó que su ex pareja tenía problemas cardiovasculares y el 16 de octubre confirmó la triste noticia.

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7 Books For Maximizing Life Satisfaction During Uncertain Times

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October 19, 2020 5 min read

Opinions expressed by Entrepreneur contributors are their own.

In a year full of ugly politics, natural disasters and an ongoing pandemic, maintaining a positive outlook can seem like a fool’s errand. While the may not be all sunshine and roses at the moment, that doesn’t mean you have to get dragged down with it. Even during the most difficult times, it’s still possible to maximize your life satisfaction. 

Reading is one of the out of a rut of negativity. By drawing from the perspectives of others, you can start to develop a that will help get you where you want to be. Here are some of the best books to help you do just that.

1. An Extraordinarily Ordinary Life: Lessons Learned by Tim Carlin

Leading a satisfying life doesn’t necessarily mean upending the world. Sometimes the greatest satisfaction is found in the simplest of things. An Extraordinarily Ordinary Life is an empowering look into how we can achieve meaning from some of the most seemingly mundane aspects of living. Tim Carlin uses this book to impart the wisdom of the small change, showing that not every step towards needs to be a leap.

2. Breakout Blueprint: How to Find Your Passion, Take Action, and Build a Lifestyle by Doug Foley

The workweek may only be 40 hours for most, but everyone knows that your career defines so much more of your life than that. Doug Foley interviewed more than 150 of the world’s most successful entrepreneurs and found that they only seemed to have one thing in common: They built themselves the careers they wanted to have. Breakout Blueprint is a how-to guide for doing just the same; reading it can give you the tools you need to make the job you want to have. 

Related: 3 Unexpected Ways Reading Personal Development Books Changed My Life

3. Build What Matters: Delivering Key Outcomes with Vision-Led Product Management by Ben Foster and Rajesh Nerlikar 

It doesn’t matter how good you are at what you do. If you’re not doing something that makes life better for other people, it’s not going to satisfy you. Build What Matters focuses on putting customer needs back in the center of product management, but all readers should follow the command of its title. Use your expertise to benefit others, and the results will be increased happiness for yourself, your coworkers, your customers and society at large.

4. Breath: The New Science of a Lost Art by James Nestor

is perhaps the single most fundamental component of human life, and yet it is also one of the most under-considered. Living a satisfying life doesn’t just mean getting the job you want — it also means refining your daily habits to make you happier and healthier too. Breath is James Nestor’s deep dive into what breathing does for us and how we can do it better. It may sound simple, but the results of a more intentional breathing pattern can be profound. 

5. Loving Your Business: Rethink Your Relationship with Your Company and Make It Work for You by Debbie King

Making headway as an entrepreneur is never easy, and sometimes the journey can cause you to lose sight of what made you start it in the first place. If you don’t love your business, no one else will. With Debbie King’s guidance, entrepreneurs can transform their relationship with their businesses while they scale. Loving Your Business outlines the mindset shift many business owners need to form healthier relationships with customers, employees and, most importantly, their companies. 

Related: Four Reasons Why You Should Invest In Self-Development

6. Becoming a Leader of Impact: How Your Influence Can Change the World by Braden Douglas

While it’s entirely possible to find satisfaction in a normal life, many entrepreneurs are hungry for something greater. Becoming a Leader of Impact is a look at how business leaders can turn their positions of power into conduits for positive change, making the world a better place at the same time. Braden Douglas has distilled a career’s worth of insight into one short book, making it a must-read for those looking to become the best kind of leader. 

7. An Introvert’s Guide to World Domination: Become a High Level Networker and Upgrade Your Life by Nick Shelton

For the shyest among us, networking can seem like an impossible task. An Introvert’s Guide to World Domination may not live up to the hyperbole of its title, but it’s still a great framework for understanding how real, personal connections in business can be made without levels of charm. 

Now more than ever, finding satisfaction in daily life is key. While doing so is easier said than done, learning how others before you have done so can make the process that much simpler. Why not do so with a book?

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