Setting A Mandatory Retirement Age…For Yourself
David Buck
| Time Management Expert | Revenue Catalyst | Driving Success through Strategic Planning & Execution | Author of "The Time-Optimized Life" |
The idea of setting a mandatory retirement age has been around for centuries. In ancient Greece, for example, there was a law that required men to retire from public office at the age of 70. According to the World Bank, today many countries have limits already in place.
In the United States the discussion of when to retire is becoming a more common topic. The current age to receive Social Security benefits can start at 62 but is done by most at 65. There is talk of eventually raising that age to 67 as the lifespan increases, the population gets older, and the viability of the program is called into question.
The President of the United States is over 80 years of age. Given the physical and mental demands of the job, there is concern about Mr. Biden’s ability to have the stamina to execute the duties of his office effectively.
The picture above shows Senators Chuck Grassley and Dianne Feinstein, two of the oldest members of congress.
Therefore, when or should you set a mandatory retirement age for yourself?
Reframe Retirement
First, let’s reframe the word retirement. Typical thinking around the term means you stop working and spend all your time on relaxing and fun personal pursuits. You leave any kind of formal work to the young ones. If that is unattractive to you, don’t discount the concept of retirement, change it to post-career living.
Reframe Goals
Second, evaluate your goals. Over 50% of the people who have taken the Retirement Time Analysis say their career is one of the main fulfilments in life and without it they would lack aim, direction, and purpose. If this is you, take a hard look at the rest of your time and set a robust goal strategy that broadens what can bring you meaning.
Reframe Your Time
Third, audit how you use your time today. Two-thirds of those who have taken the Time Management Analysis consistently can’t manage their time effectively. Until you get a better understanding on where best to place and focus your time, retirement can look like a “time wasteland.”
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Setting Your Mandatory Age
Taking a long hard look at post-career life, the goals you set for yourself, and the way you spend your time – see what a mandatory date might look like. Consider the following:
How did you do?
If you were able to come up with a number, great. I hope at least I made you think. While retirement is often aligned with a number (say 65), post-career life is not. By reframing your perspective on retiring, creating goals well beyond work, and getting a better handle on your time: life is better planned around a variety of endeavors and not just work/no work. You don’t have to set a mandatory retirement date because you pursue a lifestyle that brings satisfaction to all areas of your life, that you adapt as necessary.
Set a lifestyle strategy now that takes away the mandatory retirement age because you are living in a post-career mindset that incorporates so many other areas in life.
Learn more about the lifestyle possibilities of your future self.
Individuals and couples?take the Retirement Time Analysis for free…here.
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Experienced business development professional clinical research Phase I to Phase IV.
1 年Thanks a lot.
Attorney At Law at CIVIL COURT CASES
1 年Helpful
Top Voice Marketer | 10 years in B2B & B2C Marketing | Advertising Specialist | Meta Ads Specialist
1 年Setting the right retirement age is crucial!
Doer...
1 年Nobody should tell anyone at what age they should retire... I'm not one to let age dictate my life! Retirement can wait because I'm still passionate, curious, and hungry for more experiences. Life's an endless journey, and I'll keep exploring, learning, and contributing as long as I can. Besides, who said 70 is the finish line? I'll retire when I feel like it, not when society tells me to. Age is just a number, and I've got plenty of living to do!
CEO & Founder @Leadership EQ ?? Keynote Speaker ?? Best Selling Author ?? Consultant
1 年Sadly, ageism exists but we should all set this for ourselves depending on our individuals goals and limits. I really like how you are changing perspectives on retirement to post-career living. It's not the end just the beginning of a new and exciting chapter. Thanks Dave for the great post!