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WSJ Your Money Briefing

How to Avoid Burnout in a 60-Year Career

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 27 September 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Younger workers who might be forced to work through their 70s or later before retiring might find the strategy of taking periodic career breaks could help them avoid burning out. Host J.R. Whalen is joined by WSJ “On the Clock” columnist Callum Borchers, as well as the head of a career re-entry program, who will discuss how workers should plan their career breaks, and how they can overcome challenges they’ll face when returning to the workplace. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:31.0

This is a special edition of your money briefing for Wednesday, September 27th.

0:35.6

I'm J.R. Whalent for the Wall Street Journal.

0:40.0

Welcome to the third installment in our special series on the 60-year career.

0:44.6

Something younger workers are likely to have to navigate.

0:48.2

So far in our series, we've talked about the reality that the traditional retirement age

0:52.4

of 65 isn't a reality at all.

0:55.2

Today, most jobs are based on knowledge, so if we look at knowledge workers,

1:01.6

in many jobs, the evidence suggests that we're peaking in our late 60s or early 70s.

1:08.0

And how workers need to start financing their longer life and longer career now,

1:12.8

by taking advantage of retirement plans, like 401Ks.

1:16.8

So let's say our company offers 5% match.

1:20.7

So if somebody can set aside 5% of their income, we're already talking about 10%.

1:26.4

And that adds up over a period of time.

1:28.8

But as the saying goes, money isn't everything.

...

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