Stanford University is offering potential retirees age 50-70 the chance to put off retirement and instead try a second career or embark on a new project.

An experimental program launched Wednesday, the yearlong Distinguished Careers Institute, offers 20 older students the chance to retrain.

"Retirement in the traditional sense is not really healthy," Institute director Dr. Phil Pizzo told the San Jose Mercury News. Pizzo is a 67-year-old pediatrician, researcher and former dean of the Stanford School of Medicine.

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