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Planning Your Retirement Lifestyle

Planning Your Retirement Lifestyle. 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

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Planning Your Retirement Lifestyle

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  1. Planning Your Retirement Lifestyle

  2. eSlide - P4065 - WorkLife4You 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

  3. eSlide - P4065 - WorkLife4You Retirement Timeline 90 40 50 60 70 80 AGE “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 Most People Get Stuck Here (this takes understanding and commitment) Today’s my last day (my new life begins tomorrow) I’m in transition (1 year) I’m settled in my new life

  4. eSlide - P4065 - WorkLife4You The Eight Steps To A Successful Retirement Manual How To Make The Most Out Of The Rest Of Your Life

  5. eSlide - P4065 - WorkLife4You The Eight Steps To A Successful Retirement • Plan to stay healthy 6. Develop your plan 7. Take action! 8. Adjust as appropriate • Make a commitment • Have a conversation with your spouse/partner • Discover your passions • Do your financial/legal assessment

  6. eSlide - P4065 - WorkLife4You Commitment Is Essential Step 1:Make a commitment to successful aging • Essential • Easy to say/hard to do • Buddies, mentors, allies • Sign commitment letter? • Tell a friend

  7. eSlide - P4065 - WorkLife4You Conversation With Your Spouse/Partner Step 2: Have the conversation with your spouse/partner • You’re two people with different interests • Different ideas on who, what, when, where, how & how much • Face it, accept it! It’s normal

  8. eSlide - P4065 - WorkLife4You Conversation With Your Spouse/Partner Step 2: Have the conversation with your spouse/partner • 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

  9. eSlide - P4065 - WorkLife4You Defining Your Passions Step 3:Define Your Passions • What engages you? • What gives you energy? • What invigorates you? • What makes you happy? • What are your talents/gifts?

  10. eSlide - P4065 - WorkLife4You Discover Your Passions • 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

  11. eSlide - P4065 - WorkLife4You Separate And Shared Passions Imagine Supporting Each Other To Become The Persons You Are Yet To Be! 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

  12. eSlide - P4065 - WorkLife4You Financial Assessment Step 4 Do A Financial Assessment • Where do you stand? • What do you need? (Not as much as you think if you’re creative!)

  13. eSlide - P4065 - WorkLife4You Financial Assessment 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

  14. eSlide - P4065 - WorkLife4You Financial Assessment How much do I have? How much do I need? 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

  15. eSlide - P4065 - WorkLife4You Plan To Stay Healthy 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?

  16. eSlide - P4065 - WorkLife4You Plan To Stay Healthy • Get regular physical exams • Exercise regularly • Eat wisely • Manage stress FACT: 70% of your health is in your control

  17. eSlide - P4065 - WorkLife4You Develop Your Plan Step 6: Develop Your Plan Self Play Family • 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? “Work” you love CommunityService P A S S I O N S

  18. eSlide - P4065 - WorkLife4You Take Action Step 7: Take Action and Get Started • Set specific goals • List action items: what do I need to do to get there? • Commit to dates/timeframes • Inform your employer • Begin!

  19. eSlide - P4065 - WorkLife4You Adjust As Appropriate Step 8: Remain Flexible • Be open to growth and development in new areas • Change lanes when you need to

  20. Let WorkLife4You Make Your Life a Little Easier! Contact WorkLife4You 24/7: 1-877-WL4-NOAA (1-877-954-6622) (TTY 800-873-1322) http://www.worklife4you.com Look for the “Already a member?” box — Not a member yet? Follow the “Register” link and enter Registration Code: NOAA 20 20

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