Exit from Work: Redefining Retirement with Dr. Gregg Lunceford

Update: 2025-05-19

Description

Informed Decisions Podcast | Episode 331

In this insightful episode, Paddy engages with Dr. Gregg Lunceford - retirement researcher, Certified Financial Planner®, and author of Exit from Work: What Will the New You Look Like? -to explore the evolving concept of retirement. Gregg discusses the emotional and psychological aspects of transitioning from traditional employment, emphasising the importance of planning for a fulfilling "third age" of life. He offers valuable perspectives for those in Ireland contemplating retirement or a career pivot, highlighting strategies to navigate this significant life change beyond mere financial considerations.

Key Takeaways

Retirement is a transition, not a destination Gregg emphasises that retirement today is less about stopping work and more about reshaping purpose and lifestyle in your later years.
Identity and purpose need planning too Many retirees struggle not financially, but psychologically. Planning for how you'll stay engaged, socially connected, and purposeful is just as crucial as financial readiness.
Partial retirement is rising Gregg discusses the growing trend of phased retirement and encore careers, where individuals continue to contribute professionally in more flexible, meaningful ways.
Ireland's demographic shift mirrors global trends The Irish workforce is aging, and like in the US, people are living longer and working differently. Gregg's insights help contextualise these changes locally.
Retirement success is holistic True retirement readiness includes emotional well-being, social networks, mental stimulation, and health - not just a pension fund or lump sum