Retirement

Question 1

What are some attributes of retirement that resemble a utopia?

Answer 1

More free time (leisure)

Question 2

How is retirement defined?

Answer 2

Retirement is leaving a job or career

Question 3

What significant change in the meaning of retirement occurred in the late 19th century?

Answer 3

Retirement began to be associated with an expansion of leisure time in the last stage of life.

Question 4

What legislation established the age of 65 for retirement benefits in the US?

Answer 4

The Social Security Act of 1935.

Question 5

What is required to begin receiving Social Security benefits?

Answer 5

You must be at least 62 years old and have worked or ‘paid in’ for at least 10 years.

Question 6

How is the Average Indexed Monthly Earnings (AIME) calculated for Social Security?

Answer 6

It is calculated by adding the top 35 years of earnings

Question 7

What is the purpose of ‘bend points’ in Social Security calculations?

Answer 7

They determine the percentage of AIME that beneficiaries receive

Question 8

What percentage of pre-retirement income do retirees typically need to cover living expenses?

Answer 8

About 80%.

Question 9

What factors should be considered when funding retirement according to AARP?

Answer 9

1. Spending needs

Question 10

What is the average life expectancy for men and women in retirement?

Answer 10

Average man lives to 83 (18 years of retirement)

Question 11

What are some social and emotional challenges faced during retirement?

Answer 11

Loss of work identity

Question 12

What is the assumption about retirement adjustment according to Miller?

Answer 12

It is assumed that engaging in activities will solve the problem of retirement adjustment.

Question 13

What does the continuity theory suggest about retirement?

Answer 13

It posits that individuals maintain their personal identity by exploring existing roles through different activities.

Question 14

What is phased retirement?

Answer 14

A human resources tool allowing employees to work part-time while collecting retirement benefits.

Question 15

What is productive aging?

Answer 15

An approach emphasizing the positive aspects of aging and encouraging contributions to personal and community life.

Question 16

What are some activities that can help redefine purpose in retirement?

Answer 16

Volunteering

Question 17

What advice does Susan Harman offer regarding goals?

Answer 17

While goals are important

Question 18

What is a key piece of advice from Bob Elliott?

Answer 18

You should listen twice as much as you talk.

Question 19

How does leisure contribute to personal and community character?

Answer 19

Leisure is an engagement in living that reflects interests

Question 20

What is the typical suggestion for annual withdrawals from retirement portfolios?

Answer 20

4% or less per year to minimize the risk of running out of funds.

Question 21

What is a potential flaw in the substitutability theory of leisure?

Answer 21

It assumes leisure activities have fixed and predictable needs satisfying properties.

Question 22

What is the significance of the phrase ‘containers of meaning’ in leisure activities?

Answer 22

It suggests that leisure activities provide personal significance and fulfillment.

Question 23

What does the research by Kendal Bronk suggest about finding purpose in retirement?

Answer 23

Identify what you care about

Question 24

What is the role of gratitude and awe in retirement according to the personal recipe for utopia?

Answer 24

Cultivating gratitude and awe can enhance one’s sense of purpose and fulfillment in retirement.

Question 25

What does Ruth Russell say about leisure?

Answer 25

Leisure is not a withdrawal from life but an exuberant engagement that reflects one's character and personality.

Question 26

What are Blue Zones?

Answer 26

Geographical locations identified to have a longer life expectancy

Question 27

Name some communities included in the initial Blue Zones research project.

Answer 27

Loma Linda

Question 28

What are some conclusions drawn from the Blue Zones research about living better?

Answer 28

A plant-based diet

Question 29

How is the Blue Zone project transforming communities in the United States?

Answer 29

By enabling community leaders to create lasting changes in key categories

Question 30

What types of changes can the Blue Zone project implement in communities?

Answer 30

Changes can be large

Question 31

What role does personal initiative play in Blue Zone communities?

Answer 31

Personal initiative is essential alongside community-wide movements to promote healthier living.

Question 32

What is a characteristic of a 'utopian' style community or retirement community?

Answer 32

A shared focus on leisure and communal living.

Question 33

What are some examples of communities that focus on communal living?

Answer 33

Prairie Hill Co-Housing

Question 34

What benefits might a communal living style provide?

Answer 34

Potential benefits include increased social support

Question 35

What are some downsides of communal living?

Answer 35

Possible downsides include lack of privacy

Question 36

Is there evidence that communal living extends lifespan?

Answer 36

Research is needed

Question 37

What are some personal values associated with Blue Zones?

Answer 37

Values that promote health

Question 38

How does multigenerational living contribute to longevity in Blue Zones?

Answer 38

It fosters strong family ties and support systems

Question 39

What methods are suggested for preventing overindulgence in diet?

Answer 39

Implementing portion control and mindful eating practices.

Question 40

What is the significance of a strong sense of purpose in Blue Zones?

Answer 40

A strong sense of purpose is associated with better mental health and longevity.

Question 41

How do community values influence health in Blue Zones?

Answer 41

Community values promote social connections and support

Question 42

What lifestyle changes can individuals pursue to align with Blue Zone principles?

Answer 42

Adopting a plant-based diet