How to Prepare for Retirement and Live Your Best Life
Episode Description
In this episode of Leading Diversity at Work, Wharton’s Stephanie Creary speaks to Teresa Amabile, emerita professor of business administration at Harvard Business School, and Kathy Kram, emerita professor of management and organizations at Boston University’s Questrom School of Business, about how to prepare for retirement and other insights from their book Retiring: Creating a Life That Works for You.
A podcast series featuring Wharton management professor Stephanie Creary in conversation with experts in diversity, equity and inclusion.
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Brief Summary
Dr. Amabile and Dr. Cram discuss their book on retirement, emphasizing psychological transitions and the importance of relationships and adaptability.
Key points
- The Myth of Retirement Decline. Retirement is often seen as a decline, but research shows it's a time of engagement.
- Four Tasks for a Satisfying Retirement. Successful retirement involves four key tasks that individuals must navigate.
- Identity Bridging in Retirement. Exploring how individuals find purpose post-retirement through new activities and relationships.
- The Fear of Retirement. Many older adults express fear and uncertainty about life after retirement.
- Advice for a Smooth Transition. Experts share four essential tasks for a satisfying retirement transition.
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Episode highlights
- The Myth of Retirement DeclineRetirement is often seen as a decline, but research shows it's a time of engagement.“We busted the myth that this is a time of decline.”17:26Oct 15, 2024
- Four Tasks for a Satisfying RetirementSuccessful retirement involves four key tasks that individuals must navigate.“Retiring actually takes work; it can be enjoyable and engaging.”18:29Oct 15, 2024
- Identity Bridging in RetirementExploring how individuals find purpose post-retirement through new activities and relationships.“All the talents I used at work, I'm now using in this context.”26:44Oct 15, 2024
- The Fear of RetirementMany older adults express fear and uncertainty about life after retirement.“Words like scary, unknown, and far away dominated their thoughts on retirement.”31:29Oct 15, 2024
- Advice for a Smooth TransitionExperts share four essential tasks for a satisfying retirement transition.“Learn about the four tasks of retiring and how to meet those challenges.”45:04Oct 15, 2024
