Why this Japanese idea can lead to a more -2-

In 2023, Dogen — who calls himself a “fake retiree” — plans to focus on assisting people with physical disabilities and mental illness as well as writing Financial Samurai, podcasting, returning to being a foster mentor and perhaps writing another personal finance book .

Dogen thinks it’s “inevitable” that retirees will find their ikigai.

“I think it’s inevitable because I believe long-term, we’re all rational beings and will stop doing the things that give us pain and discomfort and will start doing more of the things that give us joy,” he says. “I have faith that if you want to find that joy, you will.”

Susan Williams, the Booming Encore blogger

After spending 28 years in the corporate world doing strategic planning, organizational development and business transformation, Susan Williams switched gears to assist boomers in the “encore” portion of their lives.

Part of her new life is encouraging boomers to know their ikigai in retirement — the topic of one of her 2017 blog posts for the Retirement Wisdom site.

Williams, based in Montreal, now runs the digital media hub Booming Encore, cowrites books with Mike Drak and is on a personal mission with what she calls her “60 Before 60” project. That’s where Williams, now 59, aims to do 60 things — from running a 5K to visiting landmarks to trying out virtual reality — before hitting the big six-0.

She’s keen on ikigai in retirement because “you can really take a deep dive into some of these concepts that maybe you haven’t given some thought to before.”

Williams, however, challenges the part of the ikigai definition suggesting that getting paid is part of it.

“I think it’s a bit of a misnomer because in retirement, your pay could be a sense of satisfaction or accomplishment or a sense of purpose,” she notes. “It’s a different kind of payment.”

Her advice to find your ikigai: Think of skills you used during your full-time working years that can be easily transferred in retirement.

“And we also need to open ourselves up to the fact that ‘maybe there are other skills in my suitcase that I’m carrying around with me that can be applied — or even develop new ones,'” Williams says.

One example she cites: “Somebody who loves to play the piano and loves spending time with children — well, maybe being a piano teacher for children might be a great idea. Not only until they get the satisfaction of doing that, they’re also introducing the idea of ​​music to a young audience and increasing their capabilities.”

Ikigai, Williams says, “is really trying to get to the essence of who you want to be or what you want to do.”

But, she advises, “execution is critical.” Adds Williams: “I believe that going through the ikigai framework is valuable, but if it never actually moves to a plan, it could remain just an exercise that will end up sitting in a drawer and, worse case, even possibly become a regret. ”

-Richard Eisenberg

 

(END) Dow Jones Newswires

01-04-23 0606 ET

Copyright (c) 2023 Dow Jones & Company, Inc.

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