Tag: retirement by age
Transitioning to Retirement Part 2 (1 to 5 years before retirement)
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
yeah hobbies is a big thing because a lot of people say i don't know what i'm going to do in retirement because i have no hobbies but they'll say i don't play i have no hobbies so you have to you've got five years to start to think about that a lot of people wait till it's too late and there's so much stress on them they have no hobbies they don't know where they want to live they're not talking to their spouse we want to prevent all of that today we're talking about transitioning into retirement and this is part two of our three-part series if you remember and if you watched it the first part is five to ten years out today we're going to focus on your planning and things you need to do one to five years out before you leave your business and enter this third phase you know this is going to be a hard transition in your life if you aren't prepared and if you don't plan when we entered this phase we looked for help we looked everywhere but the only thing we could find was financial planning help and that's not what we needed and that's why we started this company because we realized we were struggling a bit and had to figure out how to pivot to make this time of our life as good as it could be so here we are retirement transformed in part one which was five to ten years out we gave you four strategies to work on the first was planning the second was understanding risks and when we talk about risks in retirement it's things like your loss of identity and creating a new identity your loss of community and creating a new community and those 40 hours of free time that everyone gets back the other thing was building a vision for your retirement five to ten years out you want to start thinking what is it going to look like and you also the fourth thing is start thinking about habits and routines what are some good habits you want to bring forward what are some bad ones you need to stop we want to make sure you go back and watch that episode the link is pasted below in the notes so we're going to build on those strategies today as we look at the one to five years out you know and in this time frame by now one to five years from your retirement date you do need to have a financial planner in place and so you have the financial planner your vision should start being clear and assuming it's your choice to retire you have a time frame and a date you know you have to start getting comfortable with the idea and getting more overall clarity time is going to go by really quickly now you know we both retired a lot earlier than we thought and because of that we weren't prepared you know i was at the peak of my career and i decided to sell my company i was 55 years old and i planned on working another 10.
Everyone wants to work to 65 right but i only worked for five and you know simultaneously my company was sold to a competitor and i stayed during the integration for three full years but i found that it wasn't going to work for me anymore so together in december of 2018 we left together and our entry into retirement was rough you know we we spent a year traveling the globe we went to italy uh florence uh where else are we london london bora bora bora bora was great but we did that we entertained family and friends for a summer that felt like a year we realized we didn't really have a purpose and one day we looked in the mirror and neither of us liked what we saw no we didn't we didn't we didn't we didn't look good and we didn't feel good and the thing is we don't want that for you this transition is hard and the more prepared you are the better chance of success you'll have so here's some additional steps that you should be taking one to five years out before retirement now this comes from our experience our success and our failures but also from many of the clients that we work with you know the first thing we're going to ask you to do and you might roll your eyes is to buy a journal aligned or unlined journal a cheap journal just something to start writing in something you can start documenting your thoughts and we're going to give you a little structure on that but writing is better than electronically typing it start recording your thoughts your feelings your struggles and your successes you know the reason that writing is better than electronic is it forces you to actually slow down you can't get the words out fast enough so you have to actually think of the words and write them and you retain it better when it's electronic even if you're a good typist you can just bang them all out you're not really allowing your brain to slow down and focus so journaling and writing is really important it's funny when you said bang them all out because you're a one finger typer two fingers this one and that one anyway be a place for you to gather your thoughts but more importantly to break up your journal into buckets and i'll tell you one of the buckets can include our five pillars physical wellness mental wellness relationships that you want to deepen or let go of your spouse partner alignment or misalignment wherever it might be and the last bucket is wisdom sharing you want to start thinking about what is it you're going to do after your career ends to get fulfillment to make good use of all of your skills and your experiences to to to serve others in a way like what jody and i are doing with this business and you want to start listening to your voice and writing it down and we're actually going to go deeper on wisdom sharing today because that's for the next five years you really want to start thinking about how that's going to fit into your life so this journal is going to incorporate kind of where you are now and you're going to put some reaching statements in to figure out where you'd like to be and then you're going to be able to do some research and organize your thoughts right and some other areas to put in the journal to start thinking about is travel plans if you want to travel write it down and figure it out and start thinking about it we have the greatest travel agent by the way that helps us figure some things out but you also might want a vacation home right and you also might want to think where do you want to live in the next 30 years right and how's that going to impact or affect or include your children and family how does that where you live how does your location impact your hobbies yeah hobbies is a big thing because a lot of people say i don't know what i'm going to do in retirement because i have no hobbies or they'll say i don't play i have no hobbies so you have to you've got five years to start to think about that a lot of people wait till it's too late and there's so much stress on them they have no hobbies they don't know where they want to live they're not talking to their spouse we want to prevent all of that we also want to give you a place where you can put down some aspirational hobbies yeah maybe learning a language or going to an art studio or picking up a new sport start painting start painting yeah mark's laughing at me because i want to start painting i just haven't had the time four years ago i gave you the whole painting kit the easel and all of the things and they're still in the closet maybe i'll go now okay okay there you go all right second thing to do we're going to focus the rest so the first is the journal that was all the big journals get a journal and start writing right and you know write and then put it away take it back out again put some tabs in there on these different sections i think you'll really enjoy it but let's talk about wisdom sharon because this is really a core component of your retirement transformed and one of the things that we did ourselves and we do with our clients and we share with this in a very deep way in our online course is to figure out some things about yourself so we want you get a blank piece of paper and we want you to put five columns in there going left to right and the first column really is to list all of the jobs and the roles you've played over your entire career or your life in the last 30 or 40 years and sometimes it's easy to break it into buckets the last 10 the previous 10 whatever it might be sales role ceo and you want to go back as far as you're comfortable with i know for me i went back 20 years i know for mark he went back to his first job out of middle school which was cutting lawns paper boi oh paper boi paper boi when did you cut lawns after that because you went all the way back i wasn't allowed to use lawnmower it was too little so you pick the time frame that works for you but in that first column you want to list all those jobs that you had and then put the date because the date the second column the date just so you kind of have a reference but really where it gets interesting is the third column we want you to write down what did you love about that job what what excited you about it why did you like it so much what emotion comes to mind when you think about being a paper boy or cutting lawns or right i happen to be the world's greatest waitress which helps me helps me be a good mom of six kids carrying plates the fourth column is perhaps what did you dislike about that role because if you didn't like it you clearly do not want to take up that type of job right or that that service in your retirement if you don't like it and then the fifth column is what has this job or role taught you and then to sum it up you want to go through those sheets and do a whole bunch of them pick your top five it's critical it's all we want you to do is what were the top five jobs or roles that you played in the last 30 years so that's probably a pretty big and a pretty busy sheet for most people the second thing we want you to do is list your strengths and values as they speak to you go through and list them and get a top five for each strength or value and once you have that combine that with your top five jobs and see where you land and start writing about it you're gonna start getting a little clarity on what it is you think you might want to do the other thing to do as you're writing and thinking about it you've got you know one to five years left of work start paying attention to your to your days now so you went backwards now going forward if you have identified sales leadership as something you like really pay attention when you're doing it now you know if you're a finance person and you love working on spreadsheets is that really what you see yourself doing after so it's really important it makes makes me think of that what was that book that uh we read um wisdom at work by chip conley yeah we'll put those notes down below wisdom at work by chip conley the making of a modern elder an awesome read it's a really interesting book about his role in airbnb and the other thing to do during this phase if you're not already is start volunteering in any way shape or form you know it could be at the food bank it could be anything but you want to find a way to volunteer board service well i'll tell you it makes it easier to find your volunteering niche after you've gone back and you've looked at what inspires you in different roles and what your core values and competencies and where you get your juice from and then you figure out how much time you have now with the one to five years still working and then you figure out how to launch into a volunteering role and every community needs you now look these next five years are going to be a challenging time they're going to go fast we don't want you just to coast and all of a sudden end up thinking oh my god i'm leaving in 12 months the next video is about the last 12 months but we want you to do everything we talked about in the first video and this one to get you ready for that and that way you'll land in this phase fully prepared and listen if you enjoyed this please share with your friends and also please subscribe by clicking the subscribe button below and don't forget to join our free facebook community the link is in the notes as well it's a great place to start to build a community for your retirement phase thanks so much for listening and we look forward to being with you again soon you
Read MoreTransitioning to Retirement Part 2 (1 to 5 years before retirement)
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
yeah hobbies is a huge point since a great deal of individuals claim i don'' t recognize what i ' m going to perform in retired life since i have no hobbies but they ' ll claim i put on ' t play i have no pastimes so you need to you ' ve obtained five years to start to believe regarding that a great deal of people wait till it ' s too late as well as there ' s so much stress and anxiety on'them they have no leisure activities they put on ' t know where they wish to live they ' re not speaking to'their partner we wish to protect against every one of that today we ' re chatting concerning transitioning right into retirement as well as this is sequel of our three-part series if you bear in mind and also if you enjoyed it the very first component is five to ten years out today we'' re going to concentrate on your preparation and points you require to do one to five years out prior to you leave your organization and also enter this third stage you recognize this is mosting likely to be a difficult change in your life if you aren'' t prepared and also if you put on ' t plan when we entered this stage we tried to find assistance we looked anywhere however the only point we can find was economic planning aid which'' s not what we required which'' s why we started this company since we realized we were struggling a bit and needed to determine how to pivot to make this time around of our life just as good as maybe so here we are retired life transformed partly one which was 5 to 10 years out we provided you 4 approaches to function on the very first was intending the secondly was recognizing dangers and also when we speak regarding dangers in retirement it'' s points like your loss of identity as well as developing a new identity your loss of area and producing a new area and those 40 hours of cost-free time that everybody returns the various other point was constructing a vision for your retirement five to 10 years out you desire to begin believing what is it going to appear like and also you also the 4th point is start assuming regarding practices as well as routines what are some excellent habits you intend to advance what are some bad ones you require to quit we wish to make sure you return as well as view that episode the web link is pasted below in the notes so we'' re going to build on those approaches today as we look at the one to 5 years out you know as well as in this amount of time by currently one to 5 years from your retired life day you do require to have a financial coordinator in place therefore you have the economic organizer your vision ought to start being clear and assuming it'' s your choice to retire you have a period as well as a day you know you have to start obtaining comfortable with the idea and getting more total quality time is mosting likely to pass truly quickly now you know we both retired a great deal earlier than we assumed and also because of that we weren'' t prepared you recognize i was at the peak of my occupation as well as i made a decision to offer my firm i was 55 years of ages as well as i intended on working one more 10.
Everybody wants to function to 65 right however i just helped five as well as you understand all at once my firm was offered to a rival and i remained during the assimilation for 3 complete years however i found that it wasn'' t going to benefit me anymore so with each other in december of 2018 we left together as well as our access into retired life was rough you know we we invested a year traveling the world we mosted likely to italy uh florence uh where else are we london london bora bora bora bora was terrific however we did that we captivated friends and family for a summer that seemed like a year we recognized we didn'' t truly have a function and also someday we looked in the mirror and also neither of us liked what we saw no we didn'' t we didn'' t we didn'' t we didn ' t appearance good and also we didn ' t feel good as well as the important things is we put on ' t desire that for you this shift is difficult as well as the extra ready you are the better opportunity of success you ' ll have so here ' s some added actions that you should be taking one to 5 years out prior to retirement currently this originates from our experience our success and our failures but also from most of the clients that we collaborate with you understand the initial point we'' re mosting likely to ask you to do and also you may roll your eyes is to buy a journal aligned or unlined journal an economical journal just something to begin creating in something you can start recording your thoughts and we'' re mosting likely to offer you a little structure on that however composing is much better than online typing it start recording your thoughts your sensations your struggles and also your successes you recognize the reason that composing is far better than digital is it compels you to actually reduce you can'' t obtain words out quickly enough so you have to really assume of the words as well as create them and you preserve it better when it'' s electronic also if you'' re an excellent typist you can simply bang them all out'you ' re not actually permitting your mind to decrease and also focus so journaling and also composing is truly crucial it'' s funny when you claimed bang them all out due to the fact that you'' re a one finger typer 2 fingers this set which one anyhow be a location for you to gather your ideas however even more significantly to damage up your journal right into containers as well as i'' ll inform you among the buckets can include our 5 pillars physical health mental health connections that you want to strengthen or release your spouse companion alignment or imbalance anywhere it could be and also the last pail is wisdom sharing you want to start thinking of what is it you'' re going to do after your profession ends to obtain fulfillment to profit all of your skills as well as your experiences to to to serve others in a way like what jody as well as i are doing with this service and also you desire to start listening to your voice and also creating it down and also we'' re really mosting likely to go deeper on wisdom sharing today since that'' s for the next five years you really wish to start considering exactly how that'' s mosting likely to fit right into your life so this journal is mosting likely to include sort of where you are now and also you'' re going to put some reaching declarations in to identify where you'' d like to be and after that you ' re going to have the ability to do some research and also arrange your thoughts right and also a few other locations to place in the journal to start believing about is itinerary if you intend to travel compose it down and figure it out and also begin thinking of it we have the best traveling agent by the way that assists us figure some points out however you additionally may desire a villa right and also you additionally may desire to think where do you desire to stay in the next 30 years right as well as how'' s that going to effect or impact or include your youngsters and family just how does that where you live just how does your location effect your pastimes yeah leisure activities is a huge point because a great deal of individuals state i don'' t know what i ' m mosting likely to perform in retired life due to the fact that i have no pastimes or they ' ll claim i put on ' t play i have no hobbies so you have to you ' ve obtained five years to begin to consider that a whole lot of individuals wait till it ' s too late as well as there ' s so much stress on them they have no leisure activities they put on ' t understand where they wish to live they ' re not speaking to their partner we want to prevent all of that we likewise wish to provide you an area where you can take down some aspirational hobbies yeah maybe discovering a language or going to an art studio or getting a new sport start repainting start paint yeah mark'' s making fun of me since i want to start painting i simply place'' t had the time four years ago i provided you the entire paint kit the easel and also all of things as well as they'' re still in the wardrobe perhaps i'' ll go now alright okay there you go great 2nd thing to do we'' re mosting likely to focus the rest so the very first is the journal that was all the large journals get a journal and start writing right as well as you understand compose and afterwards put it away take it back out once more put some tabs in there on these various sections i believe you'' ll really appreciate it but allow ' s talk regarding knowledge sharon since this is actually a core element of your retired life changed and also among things that we did ourselves as well as we finish with our clients as well as we show this in a very deep method in our on-line training course is to find out some aspects of on your own so we desire you obtain a blank notepad and also we want you to put five columns in there going entrusted to best and the very first column actually is to detail all of the tasks and the functions you'' ve repeated your entire career or your life in the last 30 or 40 years and also sometimes it'' s simple to damage it right into buckets the last 10 the previous 10 whatever it may be sales function ceo and you wish to go back as far as you'' re comfy with i know for me i went back two decades i understand for mark he returned to his first work out of intermediate school which was reducing yards paper boi oh paper boi paper boi when did you cut grass after that because you copulated back i wasn'' t permitted to utilize lawnmower it was inadequate so you pick the moment frame that helps you but in that first column you want to provide all those jobs that you had and after that put the day since the day the second column the date just so you type of have a recommendation yet truly where it obtains intriguing is the third column we desire you to jot down what did you enjoy regarding that job what what delighted you regarding it why did you like it a lot what feeling comes to mind when you consider being a paper kid or cutting yards or appropriate i occur to be the globe'' s biggest waitress which aids me helps me be a good mama of 6 youngsters lugging plates the fourth column is possibly what did you dislike concerning that role since if you didn'' t like it you plainly do not intend to take up that kind of task right or that that solution in your retirement if you put on'' t like it and afterwards the collaborators of enemy is what has this work or role instructed you and after that to sum it up you intend to experience those sheets and also do an entire lot of them select your top 5 it'' s crucial it ' s all we desire you to do is what were the top 5 jobs or duties that you played in the last 30 years so that'' s probably a pretty large as well as a rather active sheet for the majority of people the second thing we desire you to do is list your staminas and values as they speak with you go via and note them and also get a top 5 for each stamina or value and once you have that combine that with your top 5 tasks and also see where you land and also start covering it you'' re gon na begin obtaining a little quality on what it is you believe you might wish to do the other thing to do as you'' re writing and also thinking of it you'' ve obtained you understand one to 5 years left of work start paying focus to your to your days now so you reversed now moving forward if you have actually determined sales leadership as something you such as really listen when you'' re doing it now you'recognize if you ' re a finance person and you love servicing spread sheets is that truly what you see on your own doing after so it'' s actually crucial it makes makes me think of that what was that book that uh we read um wisdom at the office by chip conley yeah we'' ll put those take down listed below wisdom at job by chip conley the making of a contemporary senior an awesome read it'' s a truly intriguing publication concerning his function in airbnb and also the various other point to do throughout this stage if you'' re not already is start offering in any type of means form or form you understand maybe at the food bank maybe anything but you intend to find a means to volunteer board service well i'' ll tell you it makes it much easier to discover your volunteering niche after you'' ve gone back and you'' ve considered what inspires you in various functions and also what your core values and also proficiencies and also where you get your juice from and afterwards you find out just how much time you have currently with the one to 5 years still working and afterwards you determine how to launch into a volunteering duty as well as every neighborhood requires you currently look these next 5 years are going to be a tough time they'' re going to go quick we don'' t desire you simply to coastline as well as all of an abrupt end up believing oh my god i'' m leaving in year the next video is regarding the last one year however we want you to do whatever we spoke about in the initial video clip and this to get you all set for that which method you'' ll land in this phase totally prepared and pay attention if you enjoyed this please share with your friends as well as likewise please subscribe by clicking the subscribe button below and also put on'' t forget to join our free facebook community the link remains in the notes too it'' s a great area to begin to develop an area for your retired life stage many thanks a lot for listening and also we expect being with you once again quickly you
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