Canada is in one of the biggest demographic waves in the country’s history – the baby boomers have begun the transition into retirement.
How will the boomer retirements impact your business? What is at risk for your organization? Is your business ready for the leader transitions that will take place? What are the challenges that retiring and incoming leaders are facing with their transitions as they exit, enter or move into a leadership position?
Joining forces with Kathleen Ozmun, a Team Strategist, we conducted discovery research focusing on retiring and incoming Saskatoon leaders and their transitions as they exit, enter or move into a leadership position.
Join us as we share our findings. Register for this free presentation at
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/
Do you desire joy and a sense of purpose? Then the best thing you can do is prepare for the emotional and psychological impacts of your post-career life! Preparing for a purpose-filled retirement is not all about the money.
Here are 5 tips for making your transition a smooth one:
Start thinking about your retirement 1-5 years in advance.
If you’re going to be making big lifestyle changes like moving or travelling, your key to success is thinking it through well in advance.
Think about what you want to do in retirement.
Getting stuck in default mode makes for an unhappy retirement. This is your chance to pursue your dreams!
Create a plan and set goals
If you think preparing financially is the only type of planning and goal setting you need to do, think again! Preparing and planning for the emotional and psychological impacts of retirement and your lifestyle is key.
Share your retirement plans with your partner or family.
If you have a partner, it’s very important to be on the same page when it comes to plans. Share your ideas with your children or trusted friends. Feeling supported is important.
Be aware of the retirement transition process
It takes time to stabilize when you are discovering a new identity and purpose in life. Give yourself time to develop new routines before you feel grounded in your new way of life.
To be guided and supported in your processes of preparing for retirement, check-out my Power UP Your Retirement Lifestyle Program. It’s an online educational program which includes a high-quality video training series, group coaching, an online community and other educational resources focused on helping you transition into a joy-filled retirement.
Sign up today to generate insights, gain clarity and create a game plan that sets you on your path towards your purpose-filled retirement: www.powerupyourretirement.com
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 firstname.lastname@example.org.
The COVID-19 outbreak has shown the importance of having a succession plan in place that accounts for unforeseen events. If your business does not already have one in place, there is no better time to do so than now!
Many small businesses are dependent on the owner, which means being capable of retirement or a career transition requires strategic forethought and action built into the structure of an organization. Having a strategy for developing people who can move up when key employees leave is critical to the long term success of a business.
The trouble is many businesses owners only start thinking about this when they are nearing the transition. Building on-going succession planning into the structure of a business will not only position the business for success when transition approaches, but it will allow the business to grow and attract top talent in the meantime.
When a business has leaders-in-training, the dependence on the owner is minimized so that in the case of leadership transition or unforeseen events, less of the stress rests on a solo individual.
To learn more about the support I offer for building succession planning into your business, visit redworkscoaching.com or send me an email at email@example.com.