Paddy Stapleton

Retirement Planning

The new you

Paddy Stapleton

Retirement Planning

End of key phase Beginning of new phase

OPPORTUNITY to live your remainder of life DREAM

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childhood adolescence adulthood retirement old age

Traditional view of lifePe

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al G

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th

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childhood adolescence adulthood new life retire-ment

New view of life

oldage

Pers

onal

Gro

wth

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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 Community

PROACTIVE

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What would be great for youto get from this presentation?

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FEARS EXPECTATIONS

Retirement Planning

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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

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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

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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

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Mind

SpiritBody Transition

Values

3 Pillars

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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

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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

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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

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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

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Health Finance

Learning

Boundary Management

BODY

Exercise Diet Checks

Plan Review Discuss

Support Hobby / Work

New tech – iPhone Laptop

Language D.I.Y.

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Recontract with partner: - Space - Tasks - Time together

- Own hobbies- Own friendships- Travel

Contract with family:- Babysitting- Money

Conversation – Key- Manage expectations

Boundary management

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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

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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

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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

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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

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Options

adjust the sails

panic zone

stretch zone

comfort zone

learning zone

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Adjust the sails

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Happy and fulfilling retirement

The new you

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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