Could Traditional Retirement Expectations Be Killing Us? ...

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Could Traditional Retirement Expectations Be Killing Us? A Retirement Psychologist Makes the Case

A fulfilling retirement begins with a blueprint for living, rather than simply the accumulation of a large nest egg. Financial freedom is meaningful only when it supports a life of purpose, connection and vitality.

By Richard P. Himmer, PhD published 14 December 2025 in Features

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An older couple look bored as they sit at their kitchen table looking at their phones.

(Image credit: Getty Images)

In the mid-1800s, a young Hungarian doctor named Ignaz Semmelweis made a discovery that should have saved countless lives.

While working at the Vienna General Hospital, he noticed that women giving birth in the doctors' ward were dying from childbed fever at a staggering rate — five times higher than those in the midwives' ward.

After months of observation, Semmelweis realized the horrifying truth: Doctors were performing autopsies in the morning, then delivering babies immediately afterward without washing their hands.

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He proposed something radical — wash with a chlorine solution before touching a patient. The results were miraculous. Death rates dropped from nearly 30% to just 1% to 2%.

But rather than celebrating him, his peers ridiculed and rejected him. Why? Because his discovery challenged tradition.

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The medical establishment believed that "a gentleman's hands are clean," and to suggest otherwise was an insult to their pride. Their refusal to adapt cost thousands of lives.

Semmelweis' tragedy offers a haunting parallel to another tradition — one that quietly claims lives today. It's the way many people approach retirement.

The tradition that no longer works

For generations, the traditional mindset about retirement has been singular: Accumulate enough money to stop working.

Success was measured in account balances, not in the quality or purpose of one's days. The goal was to retire "on time" with a full nest egg and spend your later years in comfort — or, at least, in security.

That approach once made sense. In the industrial era, retirement was short. People retired around age 65 and lived, on average, less than 10 more years. But in the 21st century, that same model is fatally outdated.

Today, many retirees will live 25 to 30 years after leaving the workforce. That's an entire second adulthood. Yet, most people still plan as if money alone will ensure fulfillment, health and longevity. It won't.

Research consistently shows the opposite: Those who retire without structure, purpose or social connection experience faster cognitive decline, higher rates of depression, even shortened life expectancy.

It's not that money doesn't matter — it does. But money is not the goal; it's the means to sustain the life you want to live.

Treating money as the purpose rather than the tool is like those 19th-century doctors clinging to dirty hands because that's how it had always been done.

The real risk is running out of meaning

Every financial planner has heard it: "I just want to make sure I don't outlive my money." But the data tell a deeper story.

According to the study Association Between Life Purpose and Mortality Among US Adults Older Than 50 Years, published on JAMA Network Open, retirees who lack purpose are more likely to experience early mortality — even when they're financially secure.

Purpose, structure and social connection are as essential to health as nutrition or exercise. When work ends, so do many of the routines and relationships that define our days. Without something meaningful to replace them, the mind and body start to atrophy.

This is where the "Semmelweis effect" creeps into modern retirement: People resist change not because they don't know better, but because they're trapped by tradition.

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The old formula — save, stop working, relax — is so deeply ingrained that questioning it feels almost heretical. Yet, clinging to it can be just as deadly as unwashed hands in the delivery room.

Redefining the new retirement

The future of retirement planning must evolve beyond numbers on a page. The best advisers are starting to recognize this shift, helping clients design lives, not just portfolios.

Financial security should serve a bigger purpose — to enable a lifestyle rich in meaning, relationships, health and contribution.

This approach asks new questions:

What will give your days structure after work ends?
Who will you spend time with?
How will you stay mentally and physically engaged?
What personal or community goals will drive you forward?

Money becomes the supporting actor, not the star. It funds experiences, enables generosity, supports wellness and removes barriers to engagement.

It's the tool that gives life shape — but it's not life itself.

A call to wash our hands of outdated thinking

Semmelweis's lesson is timeless: Progress often demands humility. We must be willing to question our traditions, especially the ones that seem most "respectable."

Just as 19th-century doctors had to learn that their hands weren't clean, today's retirees — and the professionals who guide them — must admit that their old models of retirement are no longer healthy.

A fulfilling retirement doesn't begin with a balance sheet; it begins with a blueprint for living. Financial freedom is only meaningful when it supports a life of purpose, connection and vitality.

Perhaps it's time to do what Semmelweis urged his peers to do — wash our hands of outdated traditions and embrace the science of living well.

The goal of retirement isn't merely to avoid running out of money.

It's to avoid running out of life.

To learn more, pick up my new book, Your Encore Years: The Psychology of Retirement.

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Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Richard P. Himmer, PhDSocial Links NavigationManaging Director, Madrona Financial & CPAs

Dr. Richard Himmer is a seasoned professional with expertise in Emotional Intelligence (EI), Clinical Hypnotherapy and Workplace Bullying prevention. He holds an MBA, a master’s degree in psychology and a PhD in Industrial and Organizational Psychology. He combines academic knowledge with practical experience. His doctoral dissertation focused on the Impact of Emotional Intelligence on Workplace Bullying, showcasing his commitment to understanding and addressing complex workplace dynamics. Dr. Himmer leverages the subconscious (EI) to facilitate internal healing, fostering healthy interpersonal relationships built on trust and respect.