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Archive for the ‘Retirement’ Category

Retirement – Tips on making it the best time of your life

1. Retire to something. Leaving your retirement to chance is taking a big risk. Don’t expect everything to just fall into place. Be ready for one of the biggest changes in your life. You will rest easier and have more confidence in your future knowing you are prepared. There seems to be an attraction about having no schedule, no responsibilities and no obligation. This may work for a while, but then… bam! The honeymoon is over. No structure or focus to your day can lead to depression, loss of balance and meaning in your life.

2. Stretch and expand yourself in ways you’ve never done before. There is nothing attractive about being idle for a long time. You may want/need to work, pursue a business opportunity or do some volunteer work. Explore your community in ways you’ve never done before. Expand this to your state and even the world. There is likely to be activities to do or sights to see in your area that you never took the time to seek out. Is now the time? Reads books, go to plays, learn a musical instrument, learn a language, take a class, teach a class. Go beyond your limitations. Seek out activities that bring you pleasure. Try things you never had the wherewithal or the guts to try. Get those creative juices going! Don’t ever stop learning.

3. Develop or enhance healthy habits. It has been proven that regular exercise – both mental and physical – keeps you looking and feeling younger. You sleep better. You become sick less often. And that means fewer doctor’s appointments and fewer medical bills. It helps a great deal to make your exercise fun. Try activities by yourself or with a friend. What did you like to do years ago? Try it again. Simply keep moving: doing errands, going to social events, volunteering and visiting family and friends.

Retirement is that special time that you work so hard to achieve. Use this time to make your dreams come true. This could easily be the longest stage of your life! You may have 10 to 40+ years ahead of you. Live it with passion and abundance.

You’re Retiring… So Now What?

Are you cashing out of your business? Are you leaving the corporate world? When? How? What’s next?

When you read the paper, watch the news, buy food or gas up the car you know the dollar is shrinking. Those who are approaching retirement are probably already feeling the financial strain and the concerns are running high. Finances are a very crucial part of retirement and your attention to them are important, however it is only one of the fifteen factors that contribute to a happy, enjoyable, fun and balanced retirement.

You’ve been working and planning your entire life to achieve an ideal retirement lifestyle. How will you define your next life chapter?

The Retirement Success Profile – along with a trained professional retirement coach – will help you generate options for a successful and enriching retirement life. This will help whether you are looking towards retirement, already retired, or think the WORD ITSELF should be retired. Knowing where you are on all fronts is the first step in designing what can and should be the best most rewarding chapter in your life.

You Will Learn How To:

  • Identify Your Retirement Strengths and Concerns
  • Create A Personal Retirement Mission Statement
  • Design Your Personal Retirement options Plan

Some of the benefits of ‘Retirement Coaching ’’:

  • A clear picture of your retirement standing
  • The formulation of “next step actions”
  • Positioning you for heightened personal meaning
  • Helping you avoid costly retirement “mistakes”
  • Helping crystallize your retirement vision
  • Confirming retirement plans

This results in creating the best chapter of your life with more meaning, balance and fun, etc.

Top 10 questions to ask yourself as you move toward retirement

We have been talking about retirement in the last few entries. The topics that were discussed are:

  • The old and new meaning of retirement.
  • The importance of finances – plus 14 other success factor that attribute to a successful retirement.
  • The Challenges and how this can and should be the best part of you life.

Here are 10 questions to ask yourself as you move toward retirement:

  1. Why am I retiring?
    Am I tired? Need a change? Need a year away from work? Want to travel?
  2. Do I really want to retire [not work]?
    Am I calling it retirement when, in fact, I’d rather keep working, but on a limiting basis?
  3. What haven’t I done yet that I’ve always wanted to do or try? [your bucket list]
    Travel extensively? Paint? Write? Volunteer? Be lazy? Read for pleasure? Watch TV? Be entertained? Take great care of my body? Etc.
  4. How much choice do I really have, financially?
    How much can I spend each month without worry? Are my investments safe enough for me? Do I need to work part time or in cycles [like every 6 months or every several years]? Do I need to move into a smaller home/condo? Etc.
  5. How good is my relationship with my children/family?
    Am I loved/wanted? Am I a drag? How often will I/we be seeing them?
  6. How good is my relationship with self and my spouse?
  7. How can I stay healthy for as long as possible?
  8. What are the traps that other retiree’s fall into that I wish avoid?
  9. How will I continue to feel vital and get all of my emotional, physical, intellectual, spiritual needs met?
  10. Do I truly realize that THIS is MY time – to do EXACTLY as I wish?

Most people spend more time planning their vacations than they do planning for their retirement. I would like to help you with your plan. I encourage anyone considering retirement to think about and answer these questions honestly. Feel free to contact me for further information or if you have any questions.

Retirement Planning: Is it just financial?

Why do I need to plan? My money is ok . . . or almost ok. I’m going to have all the time to do what I want.

Every person’s life journey brings them to critical points of transition where choices and decisions are made. We can all draw examples from educational experiences, career choices, and personal relationships. We have since identified these choices as added good to ours lives – or not so good. One point we can agree upon is that those decisions had a permanent and lasting impact upon our future.

As we mature, we add to our lives the constant awareness of how important it is to make major decisions carefully because of their great and lasting impact on the quality of our lives.

If you are in your fifties and beyond, you are moving toward another major life transition that should be and can be the best time of your life. And, this time, you know how important planning and preparation will be for your quality of life and life satisfaction.

Retirement today is not like the old retirement. We are retiring earlier; average age now is 57. We are creating new, passionate careers and activities, and having more challenges, choices and time. I like to call it rewirement.

Preparing for your retirement transition is important. This preparation occurs in two dimensions. For most people, there is first an external or formal time when “it” happens when we actually retire. Simultaneously, there is also an internal, silent process occurring that has really been working for some time. This is much more in the area of a psychological and very personal nature and is absolutely crucial to the satisfactory completion of this life transition stage.

Coaching will help you manage both of these processes.

  • You will receive personal information enabling you to successfully negotiate this transition in you life.
  • You will learn to identify and understand the fifteen factors of retirement success.
  • You will be able decide on whatever adjustment you feel may be necessary to guarantee your successful completion of important life goals.
  • You will gain clarity on the level of quality life experience you believe is necessary for your well being and happiness as you move into the process of preparation, planning, and self-discovery.

Are You In Business For Your Self?

If you own a business, have a job, are unemployed or retired, and you receive and spend money, the answer is “Absolutely yes.” Why? Because in today’s world your whole life is a business.

If you are an owner of a business: You either bought it or created it to sell products and/or services and you conduct the business assuming full control, responsibility and risk.

If you are employed or contracted by a company: You are responsible for fulfilling the tasks and mission for which you were hired. You are using your skills and talents. Therefore, you assume part of the risk.

If you are unemployed and are seeking employment: You’re in the business of marketing and identifying and selling your skills and talents.

If you are retired: You are responsible for using your skills, talents and interest to create a life of fulfillment based on how you spend your time and money

Your whole life can benefit from applying the principles of operating a successful, productive business. Your life has a beginning and end, just like a business. It goes through various stages as it matures, and you have 24 hours each day to manage and create the life you want. It would be to your benefit to change the way you look at all your relationships. An example is the way you view your employment relationship. Rather than thinking of yourself as being an employee, see yourself as a business person with the perception of, “I am selling my unique skills and talents to the company to fulfill the tasks and mission for which I was hired.” The benefit of this perception is that it will make you stronger. Thinking as a business person, you become more aware of continually improving your skills, talents and interest so that you are always marketable.

When the time comes for you to quit, get laid off or be ‘downsized,’ you then become an entrepreneur to create and build a mechanism to market you, your skills and talents to an employer or to create your own business. The same will hold true when the time comes for you to create a joyful fulfilling transition into semi- or full retirement.

Your whole life, as with a business, has similar categories and tasks, things to plan, create, manage and improve: Career/Business, Money Management, Health, Family, Social Relationships (personal friends/significant other and business associates), Personal and Professional Mastery, and Physical Environment (fun and recreation).

As a business, life and retirement coach, I assist you into breaking free of the barriers and transition into the results you desire. I will guide you in your journey by gaining clarity in your purpose, goals and vision, uncover and identify the obstacles and challenges. I provide processes that will enable you to move through them effectively so that you can create the business and life you desire with passion, prosperity, balance, and fulfillment.

What is The Single, Most Important Part of Retirement?

I hope you got to answer those questions about retirement last month. This weekend I rode my bike on the MS 150 (that’s 150 miles) to raise money to help cure MS. As I was riding I was thinking about some of the responses I got from last month’s column.

By far the number one most important part of a retirement is your health. We all seem to know this, but we don’t do much about it. It’s almost as if we’re numb in that arena. We plan in other areas for this stage of life and think that health will take of itself. When we start feeling less healthy than we did a few years ago, we brush it off as though it’s okay that we are just getting older. Yes, we are! Our hormones are changing. We lose muscle quicker. Aches and pains are more prevalent. We gain weight easier. Our physical activities get to be less.

These are all the more reasons why we need to change how we think about aging and what we do about our physical and mental being. It’s easier to lie down or make excuses why we don’t have time to get more physical activity. After about a few months of being sedentary, we feel more of the aches and pains which make us less active than we want to be. This can lead toward depression which makes us want to do less. It’s a cycle that limits our good quality of life.

It doesn’t have to be like this. It’s your choices. Is it too late to start? NO. When is the best time to start changing? Yesterday, but today will do. Yes, you can improve your health from where it’s at right now. Then you can have more vitality, energy, creativity, feel better about yourself and have fun doing it. The rest of your life will flourish, and you will be able to really say that this stage of your life is truly the best part. Here are a couple of tips to get you started:

1. Get real and identify where you are right now on a scale of one to ten – with one being the worse and ten the best.
Physical exercises 1 2 3 4 5 6 7 8 9 10
Aches and pains 1 2 3 4 5 6 7 8 9 10
Energy level 1 2 3 4 5 6 7 8 9 10
Vitality level 1 2 3 4 5 6 7 8 9 10
Creativity level 1 2 3 4 5 6 7 8 9 10
Happiness level 1 2 3 4 5 6 7 8 9 10

2. If you’re not a 9 or 10 and want to be, what is one thing you can tell yourself to do and implement today?

I would like to help you create, implement and follow through on your plan. Feel free to contact me for more information or any question you may have. Contact Pete at peteaca@bellsouth.net or (770) 977-2232. The first two emails will receive a free ½ hour of coaching.

When Your Routine Disappears… Will You?

Have you thought about retirement lately? Will it be from the corporate world, or will you exit from your own business? Will you retire completely or work part-time? Whatever you choose, your routine will, for the most part, disappear.

Once the thrill of leaving the company or business and sailing off into the virtual sunset of retirement is gone, some may face an identity crisis. It usually takes between 6 and 13 months for the dissatisfaction and/or depression to set in. Why? The VIP status may evaporate. The many roles you played may come to a halt. Your re-entry back into your family’s and friends’ lives can be challenging. The desire to spend every day involved with your hobbies, golf, tennis, or whatever, may not be satisfying.

However, this chapter of your life can be the best part of your life! How do you make the adjustment so that it can be the best part of your life? A plan with some understanding of the transition you will be faced with is a good start. We have an assessment that can identity and measure some of the success factors that can put you on the road to the best time of your life. These are some areas to be considered:

  1. Work Reorientation: The degree to which you have emotionally distanced yourself from taking your personal identity from work.
  2. Attitude Toward Retirement: Your perception of what your next life stage will be like for you. The new retirement as it will be practiced in the 21st century will bear very little resemblance to the old retirement generally practiced before the turn of the third millennium. New definition has emerged.
  3. Health Perception: Your subjective assessment of the current condition of your overall wellness. When thinking in terms of “retiring from” rather than “retiring to” this can be a “set up” for poor health.
  4. Financial Security: Have you planned sufficiently? Finances alone do not give life meaning, yet there is no underestimating the value of finances in every phase of life, especially the retirement phase.
  5. Family/Relationships Issues: The degree to which you derive satisfaction, intimacy, connectedness, love and a sense of well-being from your primary relationship and/or family life. Your ability to connect.

This stage of life calls for new attitudes, new roles, new responsibilities, new goals and achievements. We have assessment tools that measure 15 success factors for a great retirement.