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“RETIREMENT WORKS!!” Mitch Anthony

“RETIREMENT WORKS!!” Mitch Anthony. The Retirement That Works!!. Audience  Affluent Investors  ages 50+  Goal  Reframe the relationship between Work & Retirement  . Working out a Retirement Problem. Audience Obstacles   Some need to work. 

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“RETIREMENT WORKS!!” Mitch Anthony

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  1. “RETIREMENT WORKS!!” Mitch Anthony

  2. The Retirement That Works!! • Audience  • Affluent Investors  • ages 50+  • Goal  • Reframe the relationship • between Work & Retirement  • Working out a • Retirement Problem • Audience Obstacles   • Some need to work.  • Some will be miserable without work.    • Some love what they do and are being pushed to retire. • Some have yet to discover what Work means to them.

  3. The Retirement That Works!! 1 | Vacation or Vocation? Intro: The Institutional Retirement vs. the Individual Retirement

  4. Institutional or Individual? • The Experience Age vs. the Industrial Age • Gray Hair and Great Expectations • The Health Care Objection • This is MY LIFE • Artificial Finish Lines

  5. The Numbers RAND STUDY RESULTS • 44% of retirees worked for pay at some point after retirement; • 83% of baby boomers intend to keep working after retirement; and • 14% of those currently working say they’ll never retire

  6. Non-Financial Retirement Challenges • Sense of Identity Loss––You were Dr. Jones for 40 years. Who are you now? • Social/Relationship Challenges––What if you actually enjoyed those people you were calling on? • Change/Reduction in Mental Stimulation––Can Sudoku fill the bill? • Psychological Issues Around Not Getting a Paycheck––Inflation can quickly make you paranoid about going to a movie. • Extra Time to Fill in the Day––Are you wandering in the garage for something to break so you have something to fix that day? • Anxiety/Depression––She doesn’t seem too thrilled to have you around 24/7, does she?

  7. Top Four Reasons People Gave for Continuing their Work FRC STUDY • Staying Healthy—90% • Money for Extras—87% • Staying Socially Active—82% • The Challenge—79%

  8. Redefining ‘WORK’ • No longer a four-letter word? • “An engagement that brings value to others and meaning to you.”

  9. The Stages of Work • Exploration Mode(Often experienced in our 20’s) This is where people are ‘trying on’ careers. to see how they fit. • Utilitarian Mode(Often experienced in our 30’s and onward) This is ‘going to work’ for the purpose of meeting obligations, making ends meet and supporting a lifestyle outside of work

  10. The Stages of Work • Renaissance Mode(Often experienced in the 40’s-60’s) This is where people conduct in-depth examinations into their working lives. • Mission Mode(Can be experiences at any age…but takes time and exploration to find) This is a mode of work that is driven by a sense of purpose

  11. The Retirement That Works!! 2 | The Benefits of Work 1. Challenge 2. Connectivity 3. Creativity   4. Competition 5. Continued Learning 6. Cash/ Benefits 7. Contribution/Impact  8. Relevance  work self others

  12. Working Benefits What do you stand to lose when you leave?  1. Challenge  2. Connectivity 3. Creativity   4. Competition 5. Continued Learning 6. Cash/ Benefits 7. Contribution/Impact  8. Relevance Which factors are most important to you? How would you prioritize each? 

  13. The Retirement That Works!! 3 | Work – The New Asset Class How to add a ½ million to your nest-egg stocks bonds work cash

  14. Yearly Raise • How to add a ½ Million to your nest-egg. • Starting at age 62, for each year that you postpone applying for benefits, you get 8 percent more per year in benefits – guaranteed RAISE for the next 8 years. • Your Nest-egg continues to grow as well

  15. Margin of Safety • Utilize WORK as an Asset Class • Delay Distributions – A scary day coming • Distinguish Needs from Wants • Margin of safety for clients, providers and industry

  16. The Retirement That Works!! 4 | Maslow and Retirement Survival Safety Loved ones Freedom Self-Actualization The Influence of Work on the Hierarchy of Needs––For many it is the bedrock of the Pyramid stocks bonds work cash

  17. The Retirement That Works!! • The New • RetireMentality • Challenge • Extending • Value and Meaning self work* others

  18. RETIRING ON PURPOSE • A time for Purposeful Engagement (Encore) • Bucket List is as much about impact as experiences. (Kim’s work) • The Retiring on Purpose Conversation • Who’s your RETIREMENTOR?

  19. Investment Questions • How will you invest WHO YOU ARE? • How will you allocate your time?

  20. NRM CHALLENGE • MEANINGFUL PURSUIT AT THE CORE • CHALLENGE MIND, BODY AND SPIRIT • ROUND OUT PURSUITS • DELAY DISTRIBUTIONS • WATCH YOUR “ATTITUDE INSTRUMENT”

  21. Elasticity • Mayo study on Stress and Pessimism • “We don’t get old because we give things up we love as we age, we get old because we give things up”—Theodore Green (93 year old senator) • Naj’s Rule—Don’t give yourself the opportunity to make excuses.

  22. The Time to Go • “Do not think of retiring until the world will be sorry to see you retire.”—Samuel Johnson • The Difference between Evolution and Revolution • Somebody decides to make it happen • Individual Retirement stories will re-shape this planet.

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