Retirement
It’s about more than just the money
Search for Retirement or Retirement Planning and all you will see for pages and pages are financial and investment companies.
While this is an important part of any retirement plan, it is by far the only thing to consider.
After a career of 30 or 40 years, the transition to retirement can look daunting, especially given the narrative that suggests a permanent vacation.
Retirement looks like
No structure to the day,
No meaning to the day,
No order to your life,
Day after day
Of course, most executives and professionals think longingly for time to relax with no deadlines, nobody breathing down their neck, no numbers to meet….
There is a difference between a vacation, even an extended one, and a fulfilling, meaningful, joyful retirement.
Retirement and working are not necessarily mutually exclusive. Reimagine work rather than quitting altogether can be a perfect option.
RETIREMENT REIMAGINED
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a. When to retire
b. What is the lifestyle you envision for your life in retirement
c. What will you do when you retire/ How will you find meaning in your life
i. Will you work part time? At what?
ii. Volunteer?
iii. Relax and enjoy life
d. Where will you live
e. Who will be your social circle
f. What about your spouse or partner
g. Being single and retired
h. How to include fitness and other wellbeing in your new structure
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Succession planning
a. Are SOPs in place for all that you do
b. Is there more than one way your work can be accomplished
c. Is there specialized training that needs to done for those succeeding you
i. Leadership Development; Performance Management;
d. Working with Talent Acquisition to identify appropriate hires/promotions
e. Develop plan for length of time to accomplish the succession
Workforce planning
a. Based on succession planning, how many people need to be hired / trained
b. Job description(s)
c. Integration into larger workforce plan
d. Schedule to accomplish a smooth transition
