Planning Your Retirement Lifestyle

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Objectives

• Change the way you think about “traditional” retirement planning• Help you discover your passions• Learn how to achieve your goals with what financial resources you have • Provide step-by-step guidelines on how to achieve a successful retirement• Leave you with helpful resources

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Retirement TimelineAGE 908070605040

“I should” plan for it (but I’m not doing anything)

“I must” plan for it (but I’m not doing much)

“I am” planning for it (I’m doing it)Mentally, physically, spiritually, emotionally, financially

Today’s my last day (my new life begins tomorrow)

I’m in transition (1 year)

I’m settled in my new life

Most People Get Stuck Here(this takes understanding and commitment)

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Manual

How To Make

The Most Out

Of The Rest Of

Your Life

The Eight Steps To A Successful Retirement

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5. Plan to stay healthy

6. Develop your plan

7. Take action!

8. Adjust as appropriate

1. Make a commitment

2. Have a conversation with your spouse/partner

3. Discover your passions

4. Do your financial/legal assessment

The Eight Steps To A Successful Retirement

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Step 1: Make a commitment to

successful aging

• Essential• Easy to say/hard to do• Buddies, mentors, allies• Sign commitment letter?• Tell a friend

Commitment Is Essential

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Step 2: Have the conversation

with your spouse/partner

•You’re two people withdifferent interests

•Different ideas on who, what, when, where, how & how much

•Face it, accept it! It’s normal

Conversation With Your Spouse/Partner

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•Need to prepare: read, talk, get into the right mindset

•Schedule time•Set the tone: I’m committed to win-win

•Listen, learn•Swap places•Accept & affirm•Move forward to Step 3

Conversation With Your Spouse/Partner (con’t)

Step 2: Have the conversation

with your spouse/partner

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•What engages you?•What gives you energy?•What invigorates you?•What makes you happy?•What are your talents/gifts?

Defining Your Passions

Step 3: Define Your

Passions

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Discover Your Passions (con’t)• Identify your talents• Recognize what excites you most• Take an opinion poll • Make a “most unwanted” list • Consider people you like to be with • Look for “lightning rods”• Learn by example

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Separate And Shared Passions

You’re doing what you love to do

Your spouse/partner doing what he/she loves to do

Doing together what you both love to do

Imagine Supporting Each Other To Become The Persons You Are Yet To Be!

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Step 4 Do A Financial Assessment

Where do you stand? What do you need?

(Not as much as you think if you’re creative!)

Financial Assessment

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How much do I need?• Housing• Food• Clothing• Taxes• Insurance• Health Care

How much do I have?•Savings, investments•Pension•Social Security•Other entitlements•Home equity•Paid work

Financial Assessment (con’t)

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How much do I need?

How much do I have?

Financial Assessment (con’t)

If there’s a gap:

Keep working (but ONLY at a job you love) Move to a lower cost home or city Spend less

Key to Success: DON’T compromise doing what you love

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Step 5: Plan for Good Health

Where do you stand now Where do you need to be What’s your plan to get

there Who will help you

• Doctor?• Buddy?• Spouse/Partner?

Plan To Stay Healthy

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Plan To Stay Healthy (con’t)

• Get regular physical exams• Exercise regularly• Eat wisely• Manage stress

FACT: 70% of your health is in your control

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Step 6: Develop Your Plan

Where do you stand now Where do you need to be What’s your plan to get

there Who will help you

• Doctor?• Buddy?• Spouse/Partner?

Develop Your Plan

PlayPlay

FamilyFamily

CommunityServiceCommunityService

“Work” you love“Work” you love

PPAA

SSSS II OO NN SS

SelfSelf

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Step 7: Take Action and Get

Started

Take Action

Set specific goals

List action items: what do I need to do to get there?

Commit to dates/timeframes

Inform your employer

Begin!

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Step 8: Remain Flexible

Adjust As Appropriate

Be open to growth and development in new areas

Change lanes when you need to

2020

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