Paddy Stapleton Retirement Planning The new you. Paddy Stapleton Retirement Planning End of key...
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Transcript of Paddy Stapleton Retirement Planning The new you. Paddy Stapleton Retirement Planning End of key...
Paddy Stapleton
Retirement Planning
End of key phase
Beginning of new phase
OPPORTUNITY to live your remainder of life DREAM
Paddy Stapleton
childhood adolescence adulthood retirement old age
Traditional view of lifePe
rson
al G
row
th
Paddy Stapleton
childhood adolescence adulthood new life retire-ment
New view of life
oldage
Pers
onal
Gro
wth
Paddy Stapleton
Transition
WORKING LIFE TO DATE
Structured
Job Title – Identity
Regular Income
Part of Work Community
REACTIVE
NEW LIFE
New Opportunities
Mix of Working, Learning,
Relaxing, Trying New Things
Reduced Earnings
New Identity
New CommunityPROACTIVE
Paddy Stapleton
Pre retirement – planning period
Hesitation – will I or won’t I?
Anticipation – I can’t wait
The Big Day – Celebration
Honeymoon Phase – I’m Free
Disenchantment Phase – Is this it?
Reorientation – Building a new identity
Embark on a new routine
Phases of retirement
Paddy Stapleton
I can be done without
Life goes on
Too much free time
Anxiety and boredom
Pessimists complain about the wind
Optimists hope it will change
Realists adjust the sails (proactive)
Can be a strong connection between work (paid or voluntary) and mental health
Isolation
Paddy Stapleton
Mistakes help us discover who we are
Discover limits to our capabilities
Become more tolerant of self / others
“A life spent making mistakes is not only more honourable, but more useful, than a life spent doing nothing”
G.B. Shaw
Mistakes
Paddy Stapleton Paddy Stapleton
Values
Core beliefs
– Identify what you enjoy
– Evaluate what is important for you
– Identify opportunities that are likely to be satisfying
Do things in line with values – Happy
Do things that contradict values - Stress
Think Values first - Good decisions will follow
Paddy Stapleton
New Brand
Other Side StreamStory
Like aNew Career
New Opportunities
Work
Reflection
MIND
Not just a pensioner
New title
Build self-esteem
Prepare
Leave with warm feeling
Ritual/Event
Not still water
Travel Hobbies Learning Family Friends
Meaningful
Voluntary
Paid
Successes
Failures
Made a difference
20/30 years
Purpose
Milestones
Don’t simply retire from something...
...have something to retire to
Paddy Stapleton
Successes and Failures in life A positive process for some Others ruminate over failures and wrongdoings Bitterness and anger are not good
Emotionally
Physically
Mentally Complete life achievement exercise (10 year
gaps) Positive impact on self-esteem
Life review
Paddy Stapleton
Inventory of Values Interests Skills
We become experts on our weaknesses; meanwhile our skills and strengths lie dormant
We only realise 40% of our potential
Self awareness
“The only way to do great work is to love what you do”
Steve Jobs
You are more than your job
Paddy Stapleton
Health Finance
Learning
Boundary Management
BODY
Exercise Diet Checks
Plan Review Discuss
Support Hobby / Work
New tech – iPhone Laptop
Language D.I.Y.
Paddy Stapleton
Recontract with partner: - Space
- Tasks
- Time together
- Own hobbies
- Own friendships
- Travel
Contract with family:- Babysitting
- Money
Conversation – Key- Manage expectations
Boundary management
Paddy Stapleton
Save for the future – enjoy the present
Key Outer success vs Inner success
Outer Success: House, car, expensive holiday
Inner success: Quality time, family time, time to think
These good feelings can be replicated in a much less expensive manner. Money saved can fund what you really want in the future
Finance
Paddy Stapleton
SPIRIT
- Quiet Reflection time
-Compassion & Community support
- Make a difference
'Be' Different in addition to 'Doing' Different things
LegacyIdentify things I would like to be remembered by
Positivity- Positive Plan in
morning- Daily Reflections- Interact with
Positive People
Paddy Stapleton
Transform into empowering beliefs
I naively believed if I did a good job in the past, opportunities would come to me
I’m not as qualified as some of the new kids on the block My old job is
all I knowI could never imagine myself doing anything else
Because of my age I feel I don’t have many options
If I move into a new job it will increase stress for me and my family
LimitingBeliefs
Paddy Stapleton
Wheel of life
Work
Spiritual
Health
Hobbies
Family Friends
Learning
Finance
SignificantOther
Balance
Paddy Stapleton
Wheel of life
Work
Spiritual
Health
Hobbies
Family Friends
Learning
Finance
SignificantOther
Balance
Plans
Plans
Plans
Plans
Plans
Plans
Plans
Plans
Plans
Aspirations
Aspirations
Aspirations
Aspirations
Aspirations
Aspirations
Aspirations
Aspirations
Aspirations
Paddy Stapleton
Values WorkTarget Market
Promotion
BrandLearning
Competency
WORK
Helping others Delivering real value Family Fairness
Leadership Strategic planning Change management Facilitation Coaching
On-going Renewal & Development
Experience Knowledgeable Making a difference Supportive
Create awareness Networking
Suitable fit
Meaning & purpose Paid / voluntary Time commitment