Let’s Help Prepare you for YOUR Retirement:
No two retirements look the same - yours won't either. Below, you'll find a selection of articles written to help you put words to something you might not have realised needed articulating. Sometimes the hardest part isn't finding the answer; it's not knowing there was a question worth asking in the first place.
If you'd like a feel for how I think about retirement - or a sense of what working together might actually be like before you commit to a call - start with the blog. It's the closest thing to sitting in on a conversation with me.
AAA Rating
Your personal AAA Rating
Money is relevant to retirement. We can’t deny it. Now that you are about to retire, or have retired recently, or are working part-time on your way there; you probably have a financial plan in place with your financial planner. Good, now for your lifestyle.
Your AAA Rating is how YOU answer this question:
Is your Annual income Adequate to your Aspirations?
What does this mean? Simply stated, ask yourself if your annual cash flow from your pension account (and other investments) can support the life you want to lead in retirement.
This will help you set the scope for your search for meaning, which is the ultimate goal in 64PLUS’s 4M process, by allowing you to rule in and rule out certain activities.
For example.
1) Not everyone will have an AAA Rating that allows unlimited first class travel.
2) However, most should be able to afford to take the educational courses they desire.
If you wish to discuss this and other retirement tips please contact me via the website.
Retirement: You won’t know what it is like until you get there.
Dunning Kruger
Dunning Kruger
Self-assessment is a dangerous activity. Have you noticed that most people believe they are good drivers, further that they are better than average. This is the Dunning Kruger effect.
Experiments have shown that in a random sample of drivers as many as 80% self-assess as above average. Shouldn’t the number be around 50%, and what has this got to do with retirement?
My research has shown me that most people rate their retirement as successful. Now I am not suggesting that there is any logical measure of what success in retirement even means. There are too many variations in personality and social and economical arrangements to make that feasible.
But this retirement self-rating strikes me as odd, and possibly another example of Dunning Kruger at work, and I think I can explain what is going on here. Retirement is so often thought of as a vacant space that comes after work in which not too much happens that is considered useful by our broader society. Therefore measured against that bleak metric any retirement would look great.
Retirement is not a vacant space. It can be an enormously exciting and productive time. This is where retirement coaching can benefit a person near or in retirement; simply because it puts some OBJECTIVITY into the analysis.
The retirement coach – with all of his/her experience - can help the client to see where to improve the postwork phase of life by understanding the dynamics involved.
Retirement: You won’t know what it is like until you get there.
10,000 days!!!!
10,000 days!!!! A lifetime of retirement.
Let’s do the math together. Suppose you plan to retire at 65 years of age. That sounds like a reasonable number for most people.
Now suppose you live to be 95. That is not unrealistic, it may even by pessimistic.
OK then how many days are there in these 30 years in total? Give or take, and rounding to the extreme, let’s say 10,000.
10,000 days!!!
That is definitely not a holiday. In fact can we call it a lifetime?
Would you really want those 10,000 days to unfold in their own random way with no logic? Is that what happened to you from when you were 20 to when you were 50?
I STRONGLY doubt it. In those years from 20 to 50 I feel sure you planned, contemplated, experimented and planned again. Your 10,000 days of retirement deserves the same treatment, in order for you to have a fulfilling retirement.
In conclusion 10,000 days DEMANDS thought, planning and action. That is where a retirement coach can help.
Retirement: You won’t know what it is like until you get there.
Finding Joy in Retirement
Can’t wait?
Get the first chapter free!
You’ll discover
4 key questions to help you discover new meaning in life after work.
Real stories, ideas and advice on making the most of the next phase of your life
Why effective retirement planning is about so much more than money.
Finding Joy In Retirement
It can be jarring going from working flat out one week to being newly retired the next. If you haven’t planned ahead, there’s every chance you’ll find the early stages of retirement mentally and emotionally tough.
In Finding Joy in Retirement, Jon Glass and David Kennedy share their unique perspectives on exactly what it takes to thrive when your career comes to an end.
Jon shares the ideas, tools, and methods he uses in his successful retirement coaching practice, 64 PLUS, to shift your thinking and open your eyes to the infinite possibilities of life after work. David then explores the lived experiences of older Australians, with interviews and inspiring stories about the challenges and triumphs of successful retirement transitions.
Building blocks for a successful retirement transition
Meaning
How will your purpose evolve, and what activities and relationships will give meaning to life?
Routine
How will you create a new routine that works for you, based on how busy or idle you wish to be?
Identity
How will your identity grow and flourish, and will your retirement be a time for reinvention?
Achievement
What new projects will you tackle, and what goals might you set that are meaningful to you?
Social Connection
How will you ensure opportunities for social interaction remain plentiful in retirement?
Validation
How will you define success, and what will you aim to accomplish in this new phase of life?
Meet the authors
Jon Glass, PhD
After a 30-year career as an executive in the investment management industry, Jon Glass was ready for a new chapter, but he wasn’t ready to retire. Rather than pursue a life of leisure, Jon established a retirement coaching consultancy, 64 PLUS, to share his experience and insights in order to help others make a successful retirement transition. Jon’s retirement coaching practice has featured in The Australian and The Sydney Morning Herald, and he is a passionate advocate for the benefits of conscious preparation for life after work.
David Kennedy
David is a Principal Adviser at Hunter Wealth, a Sydney-based wealth advisory firm, and he is the author of End of the Retirement Age – an upbeat commentary on the reinvention of retirement, featuring inspiring stories of older Australians from all walks of life. David has discussed retirement trends on ABC Radio Sydney, 6PR News Talk Perth, and 3AW Melbourne, and his views on retirement planning have appeared in The Sydney Morning Herald, The Australian, and Financial Observer. He writes regularly for Starts at 60.
The truth about retirement coaching
SNAPSHOT: A short observation on retirement
What do we know?
Everyone needs a:
dentist
plumber
But did you know that EVERYONE in the age range 55-70 WILL benefit from engaging with a retirement coach, in order to work out their MEANING and PURPOSE in retirement.
A period that may last for 30 years or more!
Please call 0409 116 766 to discuss further.
A nice interview with me...enjoy
VIDEO
Watch this video with The Inside Network to gain insight into the 64PLUS coaching methodology
Perspectives on retirement: needs, emotions, self-talk and behaviour.
READ: This article for some perspectives on retirement
https://www.superguide.com.au/in-retirement/perspectives-on-retirement#
About You - latest guest
PODCAST
In this podcast Brian talks about planning, flexibility, diversification, being busy and Relevance Deprivation Syndrome.
If you wish to appear as a guest on About You please contact me.
Emotions in retirement
READ: Are humans rational???
We might like to think that we humans are very rational creatures, but I believe that – generally speaking - emotions rule our lives. Here are two examples.
Do we support a football team or marry our partner because we followed a logical pathway to that decision? I don’t believe so. That would be the methodology used by Mr Spock from Star Trek. So what about your emotions as a retired or soon-to-retire person?
Let’s look at an example through the lens of WHAT,WHY and HOW.
What emotion?
I will pick on the emotion of “feeling neglected”. I think its meaning is obvious enough not to need elaboration. Let’s follow on from here.
Why is the emotion there?
I say that, for the most part, there will be an unmet need that has caused this emotion of neglect to appear with force inside you. As an example, neglect may stem from a need to:
· Be respected
· Be understood for who you really are
· Connect with friends
· Have intimacy
It could be any of these, or a combination, or something else. What is the next step?
How to deal with the emotion?
Once you have located that need, your need, then you can ponder how to get it met. One way is extremely practical, for example to add something to your life: say an activity or a hobby that is relevant to that need. In the case of neglect, joining a club or a class might be the solution for you.
You can do all this work by yourself. Good luck.
Another approach is to use a retirement coach. Try it. What have you got to lose?
Retirement: You won’t know what it is like until you get there.