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Reinvent Retirement

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Reinvent Retirement

By Marc Freedman, Ode Magazine

Picture this: A fit, handsome sixty-something couple stretches out on a sandy beach. Another silver-haired pair steers a sailboat toward the sunset. A grey-templed golfer watches his drive soar down the fairway. This life of relaxation and luxury, in which every day is one big happy holiday, has long been a powerful part of the American dream of retirement. Depicted in so many advertisements for pension plans and retirement communities, these scenes have become an indelible feature of the landscape.

But wait a minute: Who looks forward to endless retirement anymore, 30 years of R and R? Who can afford it–even with the most diligent savings plan? For reasons of money and meaning, the golden-years vision being peddled by the financial and real estate industries is already obsolete. Stretched from a justified period of relaxation after the mid-life years into a phase lasting just as long, this version of retirement has been distorted into something grotesque, something that no longer works for individuals–or for society.

In the next couple of decades, more and more people will hit the traditional retirement age and become eligible for social benefits. This trend has experts worried: Soon a quarter (or more) of the population will be spending a third (or more) of the time in subsidized leisure, squeezing investments in education, environment and economy and threatening to bankrupt society as a whole. The prospect alone has led some pundits to predict that aging boomers will be remembered as a self-absorbed, self-serving horde of over-indulgers who used their votes and their dollars to shove their own interests to the forefront, posterity be damned.

Next: Dusting off the idealism of the ’60s and ’70s

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Megan, selected from The Intelligent Optimist

Ode, the magazine for Intelligent Optimists, is an international independent journal that publishes positive news, about the people and ideas that are changing our world for the better.


+ add your own
11:17AM PDT on Oct 23, 2013

Dear Hartson,

Are you sure your money was 'stolen'? Or, did you just gamble it away in the stock market?

Just curious because I hear your lament frequently, and every one that I've been able to examine has turned out to be an unfounded complaint...

Having talked to 114 people on this subject I have been able to find 9 who have a clue when it comes to retirement investing, but I'm amazed at how many have complaints about Bush destroying their retirement portfolio when they were - to a man - unable to describe even one fund in their 401k...

Every American who works for 40+ years ought to retire rich, and if they don't it's their fault, plain and simple...



1:23PM PDT on May 7, 2011

Retire? I can not! The thieves in Wall Street and the Big Banks have stolen my retirement money. I will have to die with my boots on.

11:45AM PDT on May 5, 2011

Reinvention is a good idea for those that will be able to retire and know that for sure, but with the economy in the crapper unfortunately there will be masses of people that will no doubt have to work until the day they die and are painfully aware of that fact. :(

11:17AM PST on Feb 17, 2011

Retirement has taken on new meaning...
It is an individual's choice and there are those that never retire. We all have our own timetable....

2:50PM PDT on Oct 14, 2010

Replace congress this Nov; Vote out the old crooks. Get rid of the illegals that are draining our system, and set up the fair tax ( That should help.

11:41AM PST on Feb 27, 2010

I watched 60 Minutes some time ago and someone predicted that with the way Americans get older and older in time more and more from the government's budget will be spent on pensions and Medicare and Medicaid.

9:04AM PST on Dec 12, 2009

Since no one can afford to retire and we are all going to live longer, we do not have any alternative. We must reinvent retirement. But the new jobs have to be creative and entertaining.

12:32PM PST on Dec 9, 2009

Re "the Social Contract" I meant to add:

The wealthy and the merely well off can also afford to subscribe to private pension funds, which a lot of us cannot, but are nevertheless now exhorted to do, in order to secure a comfortable old age! This is adding insult to injury.

I too am upset, at the way society has degenerated and at the way we are all being manipulated, lied and lied and lied to again, and then briskly ordered to stop moaning, pull up our socks, make something positive and constructive out of our lives and to start taking responsibility for our own lives! Hah!

It is our money that is paying for the gilded lifestyle of the few; the politicians, especially. Nice work, if you can get it!

chris b. - The introduction of VAT on absolutely everything is the most unfair form of taxation there is. In Sweden, the much touted Utopia of U.K. liberals, the rate of VAT is a staggering 25% and has been at this level for many years now!!! And no, not all Swedes are well off. There is a growing underclass there too, just as in Britain. I lived there, in rural Närke province, for just under four years recently, and I was horrified at the decay and the lack of amenities. It is impossible to survive in rural Sweden without a car, as there is nothing there: often NO shops, no Post Office, no bank, no doctors or dentists, few schools, few bus routes. But the countryside is often quite lovely - except for the planted, endless spruce forests, which are gloomy beyond be

10:13AM PST on Dec 9, 2009

We are all simply "observers" of the state of humanity......NOT the "authors"......

10:05AM PST on Dec 9, 2009

RIGHT ON! And (in my view)......the "source" of these concerns can be traced right back to our elected officials.
40 years in the Senate and or Congress?......SIX FIGURE incomes exempted from Social Security, they vote their own raises (as recently done: $4,500.00 congress & $5,500.00 Senate....during the financial crisis they are paid to protect us from),
fully paid retirement including medical/dental packages, frequent trips around the world and in Nancy Pelosi's case "millions" of dollars per year for "private" Air Force jets (and personnel) to commute to her vinyard estate in Northern California......Further, through "systematic fragmentation" of our society we have set upon each other over topics which are as substantive as toast now using taxation as punishment of those whom we disagree or simply dont like. All the while diverting focus from these jokers who rather than respecting the national trust......ABUSE IT!
Do I sound upset?

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Disclaimer: The views expressed above are solely those of the author and may not reflect those of
Care2, Inc., its employees or advertisers.

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Ick! NEVER wash your jeans?!!! No thank you! However, when my washer broke, I found it interesting…

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Sweet and cute kitten thanks for sharing

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