
Don't Leave Work (for
Retirement) Without These 3 Plans in Place
by Lin Schreiber, Retirement
Coach
Okay,
so you can't wait to get out of the day-to-day work grind. You're
not alone. A lot of the US working population can't wait to retire.
But before you pocket that gold watch and run gleefully from your
work place into the great unknown, make sure you've created an
infrastructure that will support you in thriving, not merely
surviving, this next stage of life. If you're panning to start a
business, or launch a new career, then no problem. Your goal for
what's next automatically incorporates these three must-needs. If
you're looking forward to no timetables and nothing definite
planned, you could be headed for real trouble. You won’t want to
leave work without:
1. A Money Plan.
Of course, everyone knows this one, so if you're set, great. Did you
know, though, that one of the biggest regrets many women have is
around money and retirement? They regret not starting sooner, saving
more, and being better informed about finances. Yes, even women with
high-powered careers, making buckets of money. Many of these women
have hidden their heads in the sand around money and haven't planned
for the future they deserve. It's not too late to start, so if
you're not set financially, get creative and go for it.
My friend
Sarah, divorced in her 50s, had a successful business on the West
coast and a very handsome settlement from her ex. She moved to the
East coast, started a new business, and ten years later found
herself with no retirement and in debt up to her you know what. Did
she throw in the towel because it was too late to start? NO! She
found a terrific financial adviser who helped her create a plan to
first erase her debt, and then refocus her business by doing more of
what she loves doing. Today in her mid-70s she owns her own
apartment in Boston and has accumulated enough wealth to take care
of herself for the rest of her life. P.S. She's having the time of
her life.
2. A Time Management Plan.
Yes, I know one of the lures of retirement is not having to have a
schedule. Beware, though, for therein lies one of the biggest traps
of retirement. Without a framework for your days, weeks, months and
years, you can slip into a deadening non-routine. My client Jessie
retired from an executive director position with a national
non-profit organization at the age of 63. She didn’t have a plan,
but couldn't wait to dive into the laundry list of projects she'd
been wanting to do for years. She cleaned out her basement and
garage, fixed everything that needed to be fixed, redecorated a
number of rooms in her home, caught up on her reading, created an
herb garden, and turned the boxes of photographs in her closet into
scrapbooks – all in the first 5 months. By the end of the next 5
months, she found herself taking a whole day to pick up the cleaning
and buy a few groceries. Some days she didn't even get dressed. On
one such day, she caught a glimpse of herself in the hall mirror and
realized that this was NOT what she had dreamed of in retirement.
Five months seemed to be the major number for Jessie, because after
five months of coaching she had identified her top values, uncovered
a long-buried dream, and had begun crafting a life that fit her
perfectly. While she had given up her dream of becoming an artist in
high school, she was finally free to express herself creatively.
Now, she spends five mornings a week painting, two afternoons as a
docent at the local art museum, and is mounting her first art show.
Oddly, Jessie finds that her schedule, rather than confining her,
gives her a sense of freedom she didn’t think possible.
3. A Purpose Plan.
Admit it. Whether or not your love your career, it's given you a
purpose. A reason to get out of bed each day; a place to be where
people are counting on you; a focus for your skills, abilities, and
energy. Listen up then. If you can find a purpose for this next
stage of your life, one that ignites your passion and literally
pulls you out of bed in the morning, you'll be golden.
Helen's
purpose found her, and while in a million years she would never have
guessed her retirement would look like this, she has a purpose that
literally lights her up from the inside out. Sixty-eight and never
married, she has taken in her late sister's 13-year-old
granddaughter and is bringing everything she has to raising this
young woman. Has it been easy? No. Would she trade it for anything?
Absolutely not.
Work provides money in the form of income you can count on, time
management in the form of a framework for your life, and purpose in
the form of getting you out of bed in the morning for something that
brings meaning to your life. As you design what's next for you, make
sure you provide each of these for yourself.
WANT TO USE THIS ARTICLE IN
YOUR EZINE OR WEB SITE? You can, as long as you keep it
intact and include this blurb with it: Certified Retirement
Coach Lin Schreiber, author of the popular ABC's of Revolutionizing
Retirement, helps self-reliant women reinvent themselves in the
next stage of life, formerly known as "retirement." To claim your
copy of her free popular Revolutionize Retirement Starter Kit,
visit her site at
http://www.RevolutionizeRetirement.com.
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