{"id":3394,"date":"2022-04-15T04:46:07","date_gmt":"2022-04-15T02:46:07","guid":{"rendered":"http:\/\/www.thelife.digital\/tl\/?p=3394"},"modified":"2022-04-15T04:46:13","modified_gmt":"2022-04-15T02:46:13","slug":"flipside-traditional-vs-modern-growing-old-gracefully","status":"publish","type":"post","link":"https:\/\/www.thelife.digital\/tl\/articles\/flipside-traditional-vs-modern-growing-old-gracefully\/","title":{"rendered":"FLIPSIDE Traditional vs Modern: Growing Old Gracefully"},"content":{"rendered":"\n<p>Gaby lives in a small Karoo town, when she retired from teaching she was able to set up an independent stream of income and now earns a living selling miniature paintings to an international market. Yvonne retired on a late husband\u2019s inheritance, first moving to an over 50\u2019s residential estate, then into a retirement village. Conrad retired from a lifetime in accountancy to live alone in a cottage in Brits and Nan to a church-run old age home.<\/p>\n\n\n\n<p>The shape of your lifestyle in your 40s and 50s opens some doors and closes others \u2013 regardless of whether you have a pension policy or not. Like Gaby, you choose to become a person who will continue to create income for yourself using your talents and skills outside the traditional workplace.<\/p>\n\n\n\n<p>This prior-retirement-age shaping can incubate in corporate or entrepreneurial settings \u2013 it ultimately shapes a mindset that goes beyond being busy, to purpose; goes beyond earning, to passion and becomes an unstoppable river of relational-relevance that does not dry up as you age.<\/p>\n\n\n\n<p>We all know that a registered business plan must include an exit strategy for the leading player, but there are live examples of founders who continue decades after the 65-year exit mark.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"361\" src=\"http:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture2.png\" alt=\"\" class=\"wp-image-3395\" srcset=\"https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture2.png 602w, https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture2-300x180.png 300w, https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture2-600x360.png 600w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/figure><\/div>\n\n\n\n<p>Ages of retirement of some of the oldest serving state leaders of all time:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Queen Elizabeth II who is Queen of the United Kingdom and other Commonwealth Realms to this day, aged 95 years.<\/li><li>Prime Minister of Malaysia, Mahalthir Mohamad, who resigned in 2020 aged 94 years.<\/li><li>Hastings Banda the President of Malawi \u2013 was defeated in an election in 1994 at the age of 96 years.<\/li><\/ul>\n\n\n\n<p>Visionary leaders who could not be replaced include examples we are very familiar with.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Nelson Mandela the first democratically elected President of South Africa retired aged 86.<\/li><li>Henry Ford advancing age obliged Ford to retire from the active direction of his gigantic enterprises in 1945 aged 81 years.<\/li><li>Golda Meir served as&nbsp;Israeli <a href=\"https:\/\/en.wikipedia.org\/wiki\/Prime_minister_of_Israel\">prime minister <\/a>from 1969 to 1974. Born in&nbsp;<a href=\"https:\/\/en.wikipedia.org\/wiki\/Kyiv\">Kyiv<\/a>&nbsp;in&nbsp;<a href=\"https:\/\/en.wikipedia.org\/wiki\/Ukraine\">Ukraine<\/a>, she eventually retired \u201cto be a grandmother\u201d aged 68.<\/li><\/ul>\n\n\n\n<p>We may not all be Golda\u2019s or Henry\u2019s or Nelson\u2019s \u2013 you may be a traditional mother who is, nonetheless, the power in the family. You may bow out gracefully at 65 and get a bunch of cards, with messages like \u201cCongratulations on retiring mom. There isn&#8217;t another person who deserves a long and fulfilling break from work as much as you.\u201d<\/p>\n\n\n\n<p>Modern business owners think that retirement is for everyone, but themselves. Some powerful reasons why businesspeople never retire include being inspired by challenge: true entrepreneurs don\u2019t see business as work; it\u2019s like breathing for them. They\u2019re in an ever-changing environment where their skills are taken to the next level, and there is always a new challenge. If they retire, they\u2019re not just leaving a job they loved; they\u2019re giving up the prized asset they created. So, when an advisor says to a business owner, \u201cwhen are you going to retire?\u201d it feels as if they\u2019re saying, \u201cwhen are you going to become insignificant?\u201d The reality is that all business owners are in one way or another, going to leave their business and retire eventually.&nbsp; If you make exit planning a financial, versus emotional, consideration \u2013it becomes easier for a business owner to accept.<\/p>\n\n\n\n<p>As baby-boomers worldwide retire, they have options in so many directions. You can opt for an apartment in North Hollywood, California\u2019s <em>NoHo Senior Arts Colony<\/em>, where hallways are a rotating gallery, studio space is available for residents to mix their own paints and a theater occupies the ground floor.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"580\" height=\"326\" src=\"http:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture3.png\" alt=\"\" class=\"wp-image-3396\" srcset=\"https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture3.png 580w, https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture3-300x169.png 300w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><figcaption><em>In Chicago, modern design combines a state-of-art library and community center on the ground floor with moderate-income senior living above, all capped with a green roof. Restaurants and public transportation are steps away.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>Holland has piloted a program pairing affordable-housing-seeking college students as roommates with companion-seeking seniors. The needs and likes of these age groups aren\u2019t so varied. In fact, it\u2019s where, as much as how, seniors live, that may take a page from the millennial and Generation Z handbook: both seniors and students migrate back to cities and centrally located suburbs for an active lifestyle and readily available services, to become part of a multi-aged community.<\/p>\n\n\n\n<p>Regardless of the pathway you are on as you prepare to leave a legacy, embrace your position and don\u2019t let society dictate your swan song nor cheapen or erode your unique talents with self-doubt &#8211; continue to use them to serve yourself and others!<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" src=\"http:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture4.png\" alt=\"\" class=\"wp-image-3397\" srcset=\"https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture4.png 600w, https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture4-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><figcaption><em>Retirement Village Cape Town<\/em><\/figcaption><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Whether you make your own way in the choice of retirement or follow a traditional path is not entirely something you decide at 65, but it really settles itself way before the proverbial \u2018golden handshake\u2019 takes place. By Denese Palm<\/p>\n","protected":false},"author":4,"featured_media":3398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[16,19,32],"tags":[],"class_list":["post-3394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-health","category-regulars"],"featured_image_urls":{"full":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"thumbnail":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1-150x150.png",150,150,true],"medium":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1-300x180.png",300,180,true],"medium_large":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"large":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"1536x1536":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"2048x2048":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"magazine-7-slider-full":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"magazine-7-slider-center":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"magazine-7-featured":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"magazine-7-medium":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false],"magazine-7-medium-square":["https:\/\/www.thelife.digital\/tl\/wp-content\/uploads\/2022\/04\/Picture1.png",601,361,false]},"author_info":{"info":["Denese Palm"]},"category_info":"<a href=\"https:\/\/www.thelife.digital\/tl\/category\/articles\/\" rel=\"category tag\">Articles &amp; Advertisers<\/a> <a href=\"https:\/\/www.thelife.digital\/tl\/category\/articles\/health\/\" rel=\"category tag\">Health Beauty and Wellness<\/a> <a href=\"https:\/\/www.thelife.digital\/tl\/category\/regulars\/\" rel=\"category tag\">Regulars<\/a>","tag_info":"Regulars","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/posts\/3394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/comments?post=3394"}],"version-history":[{"count":1,"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/posts\/3394\/revisions"}],"predecessor-version":[{"id":3399,"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/posts\/3394\/revisions\/3399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/media\/3398"}],"wp:attachment":[{"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/media?parent=3394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/categories?post=3394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thelife.digital\/tl\/wp-json\/wp\/v2\/tags?post=3394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}