Why we struggle with the transition into a post-career life

Your retirement years should give you the best opportunities to rekindle old passions and discover new ones. However, research has shown that almost half of the people entering into retirement struggle with transitioning into a post-career life.

Why is this!?

  • Retirement is more than just finances

Although many pre-retirees are concerned about their finances, money isn’t the only thing on their minds. The impact of the non-financial issues like emotional, psychological and social factors plays a big role in your successful retirement.

  • Retirement is commonly an emotional time

Whether it’s missing the ‘comfort’ of a schedule, losing your identity or a sense of purpose, it’s common for people adjusting to retirement to experience a range of worries and fears.

What’s the solution? Plan ahead and manage your transition well. If you’re not sure where to start, sign up for my Power Up Your Retirement course! You’ll generate insights, gain clarity and create a game plan to discover your best path to a fulfilling retirement. Register now > https://www.powerupyourretirement.com/

 

What’s Your Dream?

Remember when you made wishes as a kid?! Imagine one wish could be granted to you for retirement. What would you wish for?

Perhaps you wish to deepen certain friendships, discover a new passion, spend more time with those you love, or travel to places you’ve never seen before. Perhaps you are opening yourself to personal growth at a depth you’ve never had the chance to dive into before.

Whatever your wish, know that you have what it takes and every step you take in the direction of your dreams gets you one step closer to realization.

What’s your dream? Leave it in the comments!

Have you considered semi-retirement?

What’s often called a “bridge-job” is a part-time job that bridges the transition between a full-time career and retirement.

Having a bridge-job or being semi-retired can be a great way to ease into the transition of retirement, both emotionally and financially.

Would you consider working part-time as a transition into retirement? What could you imagine yourself doing? Comment below!

#semiretirement #transition #retirement #retirementplan #retirementcoach #powerupyourretirement

COVID-19: Got You Rethinking Retirement?

For some of you, COVID-19 may be giving you a taste of what retirement could be like especially without a plan.

You may be feeling isolated and alone without your social connections, lost without a purpose, bored without activities, and worried about your finances.

Whether you are retiring during the pandemic or after, there are key elements that need to be considered to plan for a smoother transition and a happy retirement.

Join Marielle Gauthier, Executive Coach and Norm Lalonde, Certified Financial Planner as they present the financial and non-financial aspects of planning for your retirement.

For more information and to register: https://www.powerupyourretirement.com/retirement-webinar

#financialplan #retirementplanning #retirement #mariellegauthier #normlalonde #powerupyourretirement #retirementlifestyle #retirementplan

Impact of COVID-19 On Your Retirement

Are you a year or two away from retirement and worried about the impact the current pandemic may have on your plans?

Financial stress is real for a lot of people right now, in a lot of different ways. If you are facing the necessity of revising your timeline on retirement plans, how are you coping with this emotionally?

As a Results Certified Coach who specializes in the transition to retirement, I have the tools to support you as you navigate the emotional impact of these changes to your plans. Please reach out by sending me an email at marielle@redworkscoaching.com.

 

Support your retiring employees

Do you have employees nearing retirement?

Fears related to change and feelings of uncertainty about the future can make the anticipation of retirement stressful.

As a strategic advisor specializing in life-transitions, with a focus on retirement, I work with individuals to create a purpose-driven retirement lifestyle plan. My clients see positive transformation in their lives as a result of the work.

By supporting your workforce to psychologically prepare for their retirement, your employees will be happier and more engaged. They will be able to offer a higher level of commitment and productivity when they have a game plan for their next stage, and have put their uncertainties to rest.

If you have individuals who would benefit from emotionally and psychologically preparing for their transition to retirement, please send me a message. I do executive, team, personal and group coaching.

Free Masterclass – 10 Most Common Fears About Retirement

Are you excited for retirement but have a few fears and concerns? Many people think that retirement is just about getting ready financially. Although many pre-retirees are concerned about their finances, money isn’t the only thing on their minds.
Whether it’s missing the comfort of a schedule, dealing with the loss of work relationships or losing a sense of purpose, it’s common for people approaching retirement to experience a wide range of worries.
Psychological and emotional factors (aka the non-financial stuff) plays a BIG role in a successful retirement. In fact, research has shown that almost half of people entering retirement struggle with the transition into their post-career life.
But it’s not all doom and gloom! You can decrease your concerns and apprehension about retirement by preparing yourself psychologically.
Start by signing up for my free masterclass – 10 Most Common Fears About Retirement – where you’ll learn about these common fears and get tips on how to overcome them.
I want you to be excited about your retirement. Together, let’s start planning for yours!

Study states skilled talent shortage will continue to impede global growth

I’m curious about how many companies are aware of this…

According to Canada’s Urban Futures Institute, about 425,000 Boomers will retire by 2020 annually and some 9.8 million Canadian baby boomers are already approaching retirement.

Already a major issue, skilled talent shortages will continue to impede global growth and if not addressed, could have a significant impact on major economies by 2030, a study* by Korn Ferry (NYSE: KFY).

Talk about succession planning being key! How are you getting new leaders to step into the role and how are you supporting the leaders you have who are leaving?

This is just one of many things I can help you with. If you’re interested in having me come to your place of work to do a session or workshop, drop me a line today!

Is long-term care insurance right for you?

No one has ever said to me, “I can’t wait to move into a long-term care home!” So I think it’s a safe bet to say that very few of us want to do so. We want to stay as independent as possible in our own home for as long as possible.

If you take care of yourself as mentioned in an earlier blog, you can hopefully push back long-term care needs well into your senior years.

Whether you will need long-term care or not, there is no doubt however, that long-term care is expensive. Has this been factored into your overall financial plan?

You may want to consider purchasing long-term care insurance while you are still working. This insurance can provide coverage if you become unable to care for yourself and need assistance either in your own home or a care facility following an accident or illness.

When I finished paying for my long-term care insurance, I felt great about having that peace of mind should I ever need it.

Talk to your financial planner or your insurance provider to see if long-term care insurance is right for you.

What can you do now to increase your level of health to stay as healthy as possible for as long as possible?

Five perks of downsizing in retirement

There’s no right or wrong answer when it comes to whether or not to downsize to a smaller home in retirement. Each person’s situation is unique, and each person must weigh the pros and cons of their own situation.

If you have concluded that selling the big family home and downsizing is the right path for you, then here are some perks you can look forward to!

Travel

The affordability and lower maintenance of smaller living may free up money for you to travel or be more spontaneous about trips and visits.

Organization

Being forced to edit your belongings is hard work, but when your home contains only the things you love and all of them have their place, you’ll know it was worth the effort. (See Marie Kondo for inspiration on how to get started!)

Time

With less space to clean, maintain and keep organized, you’ll free up so much time and be able to spend it with the people you love.

Drive Less

Maybe it’s time to get out of the suburbs or countryside where you had your family home, and start living it up downtown or in the heart of a community! You’ll be able to walk or bike wherever you need to go!

Lifestyle Flexibility

There are so many options: downtown for ease of mobility, close to nature for a meditative lifestyle, or why not try moving south for the winter! Selling your family home means you’ve got a blank slate to start dreaming on.

Downsizing in retirement is about making choices that reduce stress and increase joy!

Which one of these five would be YOUR favourite perk?