Weekend Reading: Why Do We Retire?
This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend Reading
The retirement you’re living today isn’t the same “traditional” retirement of years’ past.
READ THE ARTICLEAn outdated outlook: The concept of retirement originated as a government-supported program in the late 1800s with the introduction of Social Security, followed by the 401(k) in the 20th century. It was initially designed for a different era when people had shorter lifespans, jobs were more physically demanding and decades were spent with one company.
Blending retirement and life: So what does retirement mean to you today? Instead of dividing life into a “pre-retirement” and “post-retirement” phase, author Owen Stoneking suggests creating a life that blends work and leisure, finding purpose-driven endeavors and taking periodic breaks throughout your career. He emphasizes the importance of meaningful work and relationships over accumulating wealth for early retirement; that a fulfilling life should be your ultimate goal, rather than a specific retirement age.
When you create a life that doesn’t require retirement as an escape from work, that’s when you’ve truly embraced what it means to “Retire With Purpose.” That’s when you’ve found your “why.”