Retirement Rethought

Patricia NazemetzNAZ DEC,

Consulting for the Talent AgeMarch, 2012

It’s happening...

Retirement Rethought

Retirement Rethought

What does retirement mean in 2012?

Retirement Rethought

• We know the day will come

• We avoid thinking about it

• We imagine we can outrun it

• We think we’ll be prepared

Retirement Rethought

The next chapter or the end of an era?

Are we ready?

Rarely!

Retirement Rethought

• An end

• A transition

• A beginning

Retirement Rethought

Getting to the next phase is:

• The higher the level, the more difficult the transition

• We define ourselves in and through our work

• Financial prep does not equal emotional prep

• We have not invested in ourselves as we would a business venture or project

Retirement Rethought

What I Know……

What I learned…..

> Plan

> Prepare

> Be Purposeful

> Find your Passion

> Start a Project

Retirement Rethought

• The Project* is writing the next chapter

• You are the author and the project manager

* A project is a planned undertaking, not something done by whimsy, but completed as the result of a thoughtful process.

Retirement Rethought

• You have the lead, but you aren’t in this alone

• Engage / enlist friends, family, colleagues

• Create a Council of Trusted Advisors

• Invest in professional support

Retirement Rethought

Projects must be resourced properly to be successful

• Financial

• Psychological

• Social

• Emotional

• Educational

Retirement Rethought

Components of your projectplan will include:

Think of this as a journey of DISCOVERY

Retirement Rethought

• Discover what is in the Box?

• What are you passionate about?

• Can you define it in a word?

• In two or three?

Retirement Rethought

Your goal on this Journey...

Then you begin your EXPLORATORY phase

Retirement Rethought

• On what paths can your passion take you?

• How will you find the right path?

• Consulting, volunteering, teaching, new paths,

entrepreneurial roads….

• Go outside your comfort zone

Retirement Rethought

And then you CONNECT

Retirement Rethought

• Put the pieces together

• Connect the dots of your life’s experiences

• Build on what you know

• Draw upon the relationships you have built

• They are farther reaching than you think

Retirement Rethought

And then you CONNECT

• Write as you go

• Learn to live with flexibility and uncertainty

• Have fun with it

• Enjoy the rewards of strong life experiences

Retirement Rethought

Living the next chapter

• There are no wrong choices

• Move forward with less precision and more risk

• Be less pensive and more active

• The reservoir of experiences built is deeper and

more sustaining than you think

Retirement Rethought

What else I have learned

• The community

• The structure

• The familiarity

• The daily challenge

• BUT... I wouldn’t turn back!

Retirement Rethought

What I Miss