What Benefits Do Senior Adults Get Working Past Normal Retirement Age? | Uri Part 1 In A Series
February 7, 2022
by Michael Yublosky
I recently interviewed an 83-year-old attorney who still practices in New Jersey. Currently, his practice is limited to commercial real estate and residential real estate as well as estates, wills, trusts, etc.
Over time his firm has downsized from practicing other areas of the law. Uri expects to “throw in the towel” in perhaps two and one-half or three years and retire. He told me:
“I don’t want to find myself in my practice mired down with the building that is full of furniture and files and nobody there to manage it.”
I asked him what he plans on doing at that time. He replied:
“I’m wondering myself…I know how important it is to keep your mind active…I guess the pressures of aging, health-wise and all the rest of it, that you have to be realistic.”
Is keeping your mind active one of the major benefits or reasons that you continue to work, I delved further and he replied:
“I don’t have any real hobbies…other than going to work I can’t say I have a stamp collection or a coin collection or I want to go and I’ll be a volunteer at a charitable organization. It’s not my nature.
“So I have a great deal of pleasure gaining what you call self-confidence and self-worth from meeting with clients and preparing documents and having that camaraderie that comes with being in the office with other people there…
“…when I turned 70 I let everybody know that I’m all ready to retire and my daughter and everyone else gave me books on retirement…(they held) a birthday party and they made fun of me (his age)…I fully expected that would be it and as it turned out I couldn’t do it. I just kept right on doing what I was doing.
“Thank G-d I had the office and I could continue to practice and of course, at the time we had far more diversification in the practice. And gradually it has changed somewhat but still, I’m just as happy to go to work now as I did when I was (close) to retire when I was 70.
“I hope to keep my… self-image much as it was then, for the rest of my life. You never know, but planning ahead is a good idea. You can’t just ignore what’s going on around you.”
For a lot of us work (or activity) is the most important aspect of our lives outside of family and friends. Working motivates us to get out of bed in the morning and make the donuts, even long after our normal retirement age comes and goes.
As Uri told me, work provides activity for his mind, and it provides him with self-confidence, self-worth, camaraderie (socialization), happiness, self-image and more. I am sure that you will agree that most companies and organizations can benefit from the mature attitude towards work most senior adults 50+ like Uri have.
This is especially true in this day and age of the great job resignation, lack of worker loyalty and job liquidity.
Thanks for sharing Uri. You are an inspiration.
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