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Am Psychol. 2016 May-Jun;71(4):334-44. doi: 10.1037/a0040220.

Retirement security: It's not just about the money.

Author information

Center on Aging and Work, Boston College.
Christina Matz-Costa, School of Social Work, Boston College.
Psychology Department, Bucknell University.


Retirement security is not just about the money. Although there are many guidelines for financial security, there are few for crafting a rewarding life in the new era of longevity and health. With the meaning of "retirement" being actively redefined, there is a gap between what older adults want and need and what their employers and policymakers are offering. Retirement security in its broadest sense requires programs and policies that encourage and support flexible work that allow some choice and control over when, where, and how work gets done, and which work tasks are assumed by which employees or work teams, self-employment, and formal and informal volunteer work. This article has 3 purposes: (a) to summarize the current context of retirement, (b) to identify barriers to psychological security in later life, and (c) to suggest how psychologists can support the rewriting of the retirement chapter for future retirees. (PsycINFO Database Record.

[Indexed for MEDLINE]

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