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From Job to Freedom: Making the Move Successfully!

Topic: Retirement and Retirement PlanningBy Donna Galay, B. Admin, CHRP, ACCCPublished Recently added

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Thousands of people tu
55 each day in Canada. Most of them will retire for the first time, unsuccessfully, at age 57. Why “unsuccessfully”? Because while many pre-retirees plan and calculate their financial resources to ensure an adequate nest egg to fund their retirement, almost none of them invest time and energy planning the non-financial aspects of retiring. For example:
• When is the right time for me to retire?
• Do I expect retirement to consist of full-time leisure? How do I know that will be satisfying for me? And if not, what does retirement mean for me?
• Do I want to continue working in a business or position of my choice? How many hours? Who would employee me, or what business would I start?
• Who am I apart from my job?
• What is my attitude toward the transition to retirement? Do I know how to address my fears?
• How will my marriage and other family and social relationships change when I retire? Do I have a vision of how I would like those new relationships to be?
• How will I spend my time when I’m no longer working full-time?
• What is my current level of health? Do I know how to maintain it? Do I have a plan if it changes?
• What is my vision for an ideal retirement?
• What primary contribution do I want to make in the “third half” of my life?
• What motivates me?

These questions and many more are rarely asked by people approaching retirement. As a result, they end up dissatisfied, or consider returning to work, or wish they’d planned it better.

Successful retirement must take into consideration all of the key elements of one’s life. Financial resources are one aspect, but by no means the only place to focus. Developing a retirement lifestyle is a comprehensive approach to retirement planning that is unlike any other system. And it is just that – a system or template that will help your retirement decision is not only financially viable, but emotionally and personally satisfying as well. The Retirement Lifestyle System includes eight simple steps to ensure you reach your desired retirement goal.

Hiring a professionally trained Retirement Coach will assist in planning your retirement. Retirement coaches:
• Help their clients set priorities, develop a plan and timeline, and work toward it
• Assist their clients to determine whether they will work and how it will be structured if they do
• Help their clients overcome fears and other mental and emotional barriers
• Test clients’ assumptions, ideas and models about retirement
• Assist clients in resolving timing issues (spouse works, they don’t), factor in needs for care of family members, etc.
• Brainstorm with clients ideas for entrepreneurship in retirement
• Help companies address retention issues, avoid talent loss through flex-work and similar programs

Are you ready for an uplifting, energizing, fun retirement full of new discoveries and adventures? Is it your goal to experience a retirement that will truly meet your needs and those close to you? If the answer is yes, contact a professionally trained Retirement Coach today. Retirement coaches can help their clients avoid being one of those who retire and find that they dislike their new lifestyle – for reasons that can be hard to pinpoint after the fact. Happy retirement!

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About the Author

Donna Galay, B. Admin, CHRP, ACCC is a successful Career & Retirement Transition Coach, workshop facilitator and speaker, who uses a simple step-by-step process, to assist individuals and employees in businesses with career issues and retirement readiness.

donna@coachingthatworks.ca
www.coachingthatworks.carnConnect with Donna:
Blog: http://donnagalay.wordpress.com
Linkedin: http://www.linkedin.com/in/careerandretirementcoach
Twitter: http://twitter.com/donnagalay
You can also find me on Facebook

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I wonder how many of you even know. I'll bet a lot of you don't know. Or you kind of know but not really. It's vitally important for you to know. For some of you, if you have a more 'elaborate' retirement planned (lots of travel etc) you will need more than someone who has very simple wants and desires. There certainly is no right way but you need to know your truth. One of the lucky things about being a woman is you generally live longer than men. Wonderful!! But you will need more money.

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Is there ever a bad time? I don't think so. And I also believe that if you ramp up your business your life will change and if you ramp up your life, your business with change. I really don't believe you can separate the two but for now I want to focus on your business.

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Ethical Wills have been around for many generations but seem to be regaining their strength. That may be simply because many of you are getting to the stage in life where you begin thinking about what you are passing along to your children or other loved ones. Another term for Ethical Wills might be a “Values and Vision Statement.” In a nutshell, it is a tool for passing your memories, values and traditions to your loved ones and future generations. Keep in mind that an Ethical Will is not a legal document.

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If you don't have more than one revenue stream please read this article carefully! By having only one income stream you are putting yourself in financial danger. Let's say you just work on 1-1 with clients. What happens when times get slow, like in the summer or holidays? Where will your income come from? We all need income right? Plus, with only working 1-1 you are constantly looking for new clients and not only can that be a pain, I don't want you coming across as desperate for clients because you will push potential clients away.

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