Retirement Is a Multi-Year Process

Based on a ten-year study, Teresa Amabile reveals why retirement—and any major life transition—requires far more psychological work than we expect.

In this special episode of The Innovation Show, recorded at Klarman Hall at Harvard Business School, Aidan McCullen sits down with renowned psychologist and researcher Teresa Amabile to explore one of the most underestimated transitions we face: the move out of a long-held role and into what comes next.

Drawing on a ten-year study of 120 professionals—many healthy, financially secure, and highly accomplished—Amabile reveals a striking insight: when people hear the word retirement, their dominant associations are fear, uncertainty, and loss of identity. And that fear has little to do with money or health.

This conversation reframes retirement as a broader human challenge: how we navigate endings, detach from identities that once defined us, and rebuild a life structure that still allows for progress, meaning, and contribution. Amabile outlines the four core tasks people must work through when leaving a career, why these tasks rarely happen in a neat sequence, and why "it takes work to stop working."

The discussion also examines the role organisations play—often poorly—in this transition. From sidelining experienced contributors to missing opportunities for knowledge transfer, Aidan and Teresa explore how meaningful final assignments, creative work, rituals, and continued post-retirement connection can dramatically improve outcomes for both individuals and institutions.

Along the way, Amabile introduces the Four A's framework—Alignment, Awareness, Agency, and Adaptability—as a practical lens for navigating not only retirement, but any major life or career transition. The episode closes with a nuanced exploration of purpose, showing how meaning in later life often shifts away from grand missions toward day-to-day quality, relationships, and contribution.

This is not an episode about "retiring early" or financial planning. It's about renewal, identity, and preparing—psychologically, relationally, and structurally—for the transitions we all know are coming, but rarely prepare for.

Episode Chapters 00:00 Introduction and Special Guest Welcome 00:13 The Concept of Preparing for the Future 00:37 Introducing Theresa Am Abate 00:43 Gifts and Gratitude 01:47 Sponsor Acknowledgment 02:04 The Word 'Retirement' and Initial Reactions 02:39 Research Findings on Retirement Perceptions 05:21 The Four Tasks of Retirement 07:01 Framework for Renewal and Organizational Change 13:16 The Role of Organizations in Supporting Retirees 18:50 The Importance of Rituals and Celebrations 24:37 Life Structure and Retirement 31:24 Practical Actions and The Four A's Framework 37:17 Finding Purpose in Retirement 40:45 Final Thoughts and Messages

Recorded live at Harvard Business School with thanks to the production team Dave, Ellie and Simona and sponsor Kyndryl.