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Ron Pevney discusses the concept of conscious eldering, which involves consciously growing older and transforming into a wise elder. He emphasizes the importance of recognizing the need for inner work during this transition and fostering an understanding that elderhood is a valuable and necessary role in society. He suggests that although our culture often overlooks elderhood, individuals can consciously support the emergence of an elder identity within themselves and seek fulfillment and purpose in this new chapter of life.