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chance (83.7 percent) is that at least one of the spouses will survive to 85, 63 percent that one will live to 90, and 35.7 percent to 95. Many people balk at the idea of whittling these years away with golf and bridge games.
Marc Freedman, author and non-profit leader, published a book in 1999 called “How Baby Boomers Will Revolutionize Retirement and Transform America.” He proposed that because of longer life spans, the old concept of retirement as a time to relax and withdraw from society is outmoded.
“There really is this new stage of life that is emerging between midlife and true old age,” he said. “It was sort of hidden for a long period of time because that period was not that long. So it kind of worked for people to kick back, take a rest. For some people [today], it can be 30 years, it can be as long as midlife. That approach doesn’t work well for most people psychologically, financially, and it certainly doesn’t work well for society.”
“There’s an opportunity to redefine what constitutes success in this stage of life,” Freedman continued. “If people can start thinking that this is a second chance to make a social contribution, and the nonprofit
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