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Sure both your career and -- and finances say Amtrak can be tricky in this economy.
-- -- here how companies must be flexible and able to move quickly but in reality it's costs.
Who have to be the most -- so how do you do that with us now Joseph Coughlin director of the -- lab at MIT welcome to the show GO great to have you here.
You know I constantly -- all the time who tell me I'm going to be working until I'm seventy or 75 to be able to retire.
You're addressing this very issue how do you stay competitive -- stay relevant re telling folks.
Seems like the new rules of retirement are simply to work longer and -- your baby boomer.
Or maybe even gen -- we now have to prepare probably for fifteen years of work.
-- you've got to be didn't joke that's like too much.
I wouldn't do that.
Well well you know we're thinking about and most of us even before the downturn of the economy.
Most of us wanted to keep working we just wanted to do something different so we an -- fifty years it's probably not one career it's probably many.
So we have to be flexible enough to do different kinds of things.
But how do you know what the right thing it.
Well the new rules require investing in your retirement wishes to work longer what -- means investing.
As you said at the top is investing in yourself we now have to start really thinking about for instance investing in our health.
It's no longer about how good you feel more quality of life.
But if you don't want to work longer and for many of us we need to work longer.
Are you managing those chronic conditions are you staying on top of your game are you cognitively -- are you doing all the things that make it possible.
For you to stay on the job whether it's part time or full time.
You know it's -- hard the message to hear that I have to stay healthy so I can keep working so I can finance my retirement.
-- you know another way to put it that might be.
Something I'd rather hear is that you want to be healthy and retirement -- take advantage of the time that you have with your spouse and your family to do fun things need to be active.
Rather than staying at home and doing nothing at all.
Well you know the adage if you have your health you have everything.
Well the -- their part of that -- is that if you had your health it's a lot cheaper I mean chronic disease for instance could.
Could add 234.
Times the cost to your retirement.
So investing in your health is probably just the first thing you have to do to be able to work longer and to live longer better.
I like yeah.
You -- about education.
Because I think a lot of people don't think about this and they don't really know how to extend their education right.
Because you know all old rules they -- don't apply here -- get a Ph.D.
-- whatever my current specialty is maybe not maybe do something totally different.
What do you recommend.
Well think about -- do we any of us really believe that the education we received from -- a zero to eighteen let alone zero to our twenties if we want to -- -- college.
He's going to last us for ten years let alone fifty years.
Think about pace of technology to -- some knowledge and frankly.
You probably want to change careers so I think the future of education is going to be linked to the future work.
It's not going to be just about the degree that's the begin beginning.
Now it's going to be about certificates it's going to be -- credits have you been checked out and certain fields.
It's so education is going to be more about your midlife sabbatical perhaps than it is about just saving for your kids college fund.
The whole idea of a sabbatical sounds so good -- -- -- it.
-- the point here which I think is Smart and and I am frankly very bad at this and -- -- this is staying flexible.
We mean by that you don't mean like seconds you know touch my toes with my with my elbows -- Wrap my arms around -- you know knees or something in something else what do you mean.
Actually it's probably going to be a little bit more even painful -- all those things may sound.
We're gonna have to be flexible in terms of just because you're staying in the workplace does not mean staying in the job -- you've been in for ten or fifteen years.
You may now have to report to someone who is far more junior than you in years but far more senior in rank.
You may have to be prepared to change careers entire way to do something totally different.
Part time full time consulting.
The notion of -- future of work especially for older workers.
He's going to be a whole new frontier that's going to -- redefine.
What we think retirement used to be.
Well -- I think it's a fascinating topic and you did a great job of explaining it thanks for coming on tonight appreciate it.
And it was great being here thank you so much.
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