Retirement Planning

1. Retirement Planning The new you

2. Retirement Planning • End of key phase • Beginning of new phase • OPPORTUNITY to live your remainder of life DREAM

3. Traditional view of life Personal Growth childhood adolescence adulthood retirement old age

4. New view of life Personal Growth old age retire-ment new life childhood adolescence adulthood

5. Transition WORKING LIFE TO DATE • Structured • Job Title – Identity • Regular Income • Part of Work Community NEW LIFE • New Opportunities • Mix of Working, Learning, Relaxing, Trying New Things • Reduced Earnings • New Identity • New Community REACTIVE PROACTIVE

6. What would be great for you to get from this presentation?

7. Retirement Planning EXPECTATIONS FEARS

8. Phases of retirement • Pre retirement – planning period • Hesitation – will I or won’t I? • Anticipation – I can’t wait • The Big Day –Celebration • Honeymoon Phase – I’m Free • Disenchantment Phase – Is this it? • Reorientation – Building a new identity • Embark on a new routine

9. Isolation • I can be done without • Life goes on • Too much free time • Anxiety and boredom • Pessimists complain about the wind • Optimists hope it will change • Realists adjust the sails (proactive) • Can be a strong connection between work (paid or voluntary) and mental health

10. Mistakes • Mistakes help us discover who we are • Discover limits to our capabilities • Become more tolerant of self / others “A life spent making mistakes is not only more honourable, but more useful, than a life spent doing nothing” G.B. Shaw

11. 3 Pillars Mind Body Spirit Transition Values

12. Values • Core beliefs • Identify what you enjoy • Evaluate what is important for you • Identify opportunities that are likely to be satisfying • Do things in line with values – Happy • Do things that contradict values - Stress • Think Values first - Good decisions will follow Paddy Stapleton

13. Don’t simply retire from something... Stream Story Other Side • Prepare • Leave with warm feeling • Ritual/Event • Not still water New Brand • Not just a pensioner • New title • Build self-esteem Like a New Career • 20/30 years • Purpose • Milestones MIND New Opportunities Reflection • Successes • Failures • Made a difference • Travel • Hobbies • Learning • Family • Friends Work • Meaningful • Voluntary • Paid ...have something to retire to

14. Life review • Successes and Failures in life • A positive process for some • Others ruminate over failures and wrongdoings • Bitterness and anger are not good • Emotionally • Physically • Mentally • Complete life achievement exercise (10 year gaps) • Positive impact on self-esteem

15. Self awareness “The only way to do great work is to love what you do” Steve Jobs You are more than your job • Inventory of • Values • Interests • Skills • We become experts on our weaknesses; meanwhile our skills and strengths lie dormant • We only realise 40% of our potential

16. Health Finance • Exercise • Diet • Checks • Plan • Review • Discuss BODY Learning • Support Hobby / Work • New tech – iPhone Laptop • Language • D.I.Y. • Boundary Management

17. Boundary management • Recontract with partner: - Space - Tasks - Time together - Own hobbies - Own friendships - Travel • Contract with family: - Babysitting - Money • Conversation – Key - Manage expectations

18. Finance Save for the future – enjoy the present Key Outer success vs Inner success Outer Success: House, car, expensive holiday Inner success: Quality time, family time, time to think These good feelings can be replicated in a much less expensive manner. Money saved can fund what you really want in the future

19. - Quiet Reflection time • Compassion & Community support • - Make a difference • 'Be' Different in addition to • 'Doing' Different things • Legacy • Identify things I would like to be remembered by • SPIRIT • Positivity • - Positive Plan in morning • - Daily Reflections • - Interact with Positive People

20. Transform into empowering beliefs • I’m not as qualified as some of the new kids on the block • I naively believed if I did a good job in the past, opportunities would come to me • My old job is all I know • I could never imagine myself doing anything else • Limiting • Beliefs • If I move into a new job it will increase stress for me and my family • Because of my age I feel I don’t have many options

21. Wheel of life Work Significant Other Health Spiritual Finance Balance Learning Hobbies Friends Family

22. Wheel of life Work Aspirations Aspirations Aspirations Aspirations Aspirations Aspirations Aspirations Aspirations Aspirations Plans Plans Plans Plans Plans Plans Plans Plans Plans Significant Other Health Spiritual Finance Balance Learning Hobbies Family Friends

23. Options panic zone stretch zone comfort zone learning zone adjust the sails

24. Adjust the sails

25. Happy and fulfilling retirement The new you

26. Work Values Target Market • Meaning & purpose • Paid / voluntary • Time commitment • Helping others • Delivering real value • Family • Fairness • Suitable fit Promotion Competency • Create awareness • Networking • Leadership • Strategic planning • Change management • Facilitation • Coaching WORK Brand Learning • Experience • Knowledgeable • Making a difference • Supportive • On-going Renewal & Development