Planning Your Retirement Lifestyle

2 06/29/2007 2:30pm eSlide - P WorkLife4You Objectives Change the way you think about “traditional” retirement planning Help you discover your passions Learn how to achieve your goals with what financial resources you have Provide step-by-step guidelines on how to achieve a successful retirement Leave you with helpful resources

3 06/29/2007 2:30pm eSlide - P WorkLife4You Retirement Timeline AGE “I should” plan for it (but I’m not doing anything ) “I must” plan for it (but I’m not doing much) “I am” planning for it (I’m doing it) Mentally, physically, spiritually, emotionally, financially Today’s my last day (my new life begins tomorrow) I’m in transition (1 year) I’m settled in my new life Most People Get Stuck Here (this takes understanding and commitment)

4 06/29/2007 2:30pm eSlide - P WorkLife4You Manual How To Make The Most Out Of The Rest Of Your Life The Eight Steps To A Successful Retirement

5 06/29/2007 2:30pm eSlide - P WorkLife4You 5.Plan to stay healthy 6.Develop your plan 7.Take action! 8.Adjust as appropriate 1.Make a commitment 2.Have a conversation with your spouse/partner 3.Discover your passions 4.Do your financial/legal assessment The Eight Steps To A Successful Retirement

6 06/29/2007 2:30pm eSlide - P WorkLife4You Step 1: Make a commitment to successful aging Essential Easy to say/hard to do Buddies, mentors, allies Sign commitment letter? Tell a friend Commitment Is Essential

7 06/29/2007 2:30pm eSlide - P WorkLife4You Step 2: Have the conversation with your spouse/partner You’re two people with different interests Different ideas on who, what, when, where, how & how much Face it, accept it ! It’s normal Conversation With Your Spouse/Partner

8 06/29/2007 2:30pm eSlide - P WorkLife4You Need to prepare: read, talk, get into the right mindset Schedule time Set the tone: I’m committed to win-win Listen, learn Swap places Accept & affirm Move forward to Step 3 Conversation With Your Spouse/Partner Step 2: Have the conversation with your spouse/partner

9 06/29/2007 2:30pm eSlide - P WorkLife4You What engages you? What gives you energy? What invigorates you? What makes you happy? What are your talents/gifts? Defining Your Passions Step 3: Define Your Passions

10 06/29/2007 2:30pm eSlide - P WorkLife4You Discover Your Passions Identify your talents Recognize what excites you most Take an opinion poll Make a “most unwanted” list Consider people you like to be with Look for “lightning rods” Learn by example

11 06/29/2007 2:30pm eSlide - P WorkLife4You Separate And Shared Passions You’re doing what you love to do Your spouse/partner doing what he/she loves to do Doing together what you both love to do Imagine Supporting Each Other To Become The Persons You Are Yet To Be!

12 06/29/2007 2:30pm eSlide - P WorkLife4You Step 4 Do A Financial Assessment  Where do you stand?  What do you need? (Not as much as you think if you’re creative!) Financial Assessment

13 06/29/2007 2:30pm eSlide - P WorkLife4You How much do I need? Housing Food Clothing Taxes Insurance Health Care How much do I have? Savings, investments Pension Social Security Other entitlements Home equity Paid work Financial Assessment

14 06/29/2007 2:30pm eSlide - P WorkLife4You How much do I need? How much do I have? Financial Assessment If there’s a gap: Keep working (but ONLY at a job you love) Move to a lower cost home or city Spend less Key to Success: DON’T compromise doing what you love

15 06/29/2007 2:30pm eSlide - P WorkLife4You Step 5: Plan for Good Health  Where do you stand now  Where do you need to be  What’s your plan to get there  Who will help you Doctor? Buddy? Spouse/Partner? Plan To Stay Healthy

16 06/29/2007 2:30pm eSlide - P WorkLife4You Plan To Stay Healthy Get regular physical exams Exercise regularly Eat wisely Manage stress FACT: 70% of your health is in your control

17 06/29/2007 2:30pm eSlide - P WorkLife4You Step 6: Develop Your Plan  Where do you stand now  Where do you need to be  What’s your plan to get there  Who will help you Doctor? Buddy? Spouse/Partner? Develop Your Plan Play Family Community Service “Work” you love “Work” you love P P A A S S S S I I O O N N S S Self

18 06/29/2007 2:30pm eSlide - P WorkLife4You Step 7: Take Action and Get Started Take Action  Set specific goals  List action items: what do I need to do to get there?  Commit to dates/timeframes  Inform your employer  Begin!

19 06/29/2007 2:30pm eSlide - P WorkLife4You Step 8: Remain Flexible Adjust As Appropriate  Be open to growth and development in new areas  Change lanes when you need to

20 Let WorkLife4You Make Your Life a Little Easier! Contact WorkLife4You 24/7: WL4-NOAA ( ) (TTY ) Look for the “Already a member?” box — Not a member yet? Follow the “Register” link and enter Registration Code: NOAA