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New Ventures After Retirement: Staging Your Second Act | Wells Fargo Conversations
6 April 2014—Center's research was mentioned on conversations.wfmagazines.com.
Engaging in meaningful endeavors can greatly enrich psychological well-being later in life, according to research from the Sloan Center on Aging & Work at Boston College. "People with a sense of engagement feel invigorated," says the center's director, Marcie Pitt-Catsouphes, Ph.D. "We started the center 10 years ago, and people would laugh at the name — at the idea of working in retirement." Now, working in retirement is a norm, she says.
It's just a matter of redefining work as we redefine retirement. The old, idealized notion of retirement as a time to devote to family, pleasure, and leisure has faded, says Pitt-Catsouphes. "The concept of retirement has changed. It's more multidimensional," she says. For many, that means filling those golden years with activities and ventures that feel golden — or truly valuable.
Granted, there's still relief in retirement from the workday grind, and still time to pursue favorite pastimes. But many retirees want to work on their own terms and for their own reasons. Here's a look at four ways they often try to do that:.....