COURSE OUTLINE
Introduction: Hurdles faced in retirement, including reduced income, different roles, time on your hands, changed relationships and more. What unsuccessful/successful retirees do, or not do, to achieve a happy and satisfying life after work
Activity 1: What is Your Current Picture?
42% of boomers are not prepared for life after work. 39% have no comprehensive vision.
Exercise 1: Visualizing Your Retirement. What’s making you happy? How is your health? What will be your legacy?
Case study: The Honeymoon. Wilma’s concerned with her recently-retired husband and his lack of activity development. What actions do you suggest?
Self-quiz: 5 questions to test your understanding of the importance of a well-constructed vision.
Activity 2: How Much is Enough?
37% of boomers feel financially insecure.
Exercise 2: 14 questions designed to answer: How much money do you need to live and fulfill your retirement vision?
Case study: Upset Plans. Marta and Pedro have a financial plan but their son, Max, is facing a life challenge. What should they do?
Self-quiz: Five questions related to building a realistic financial plan.
Activity 3: Developing a Balanced Leisure Lifestyle
36% of boomers don’t know how to spend their time in retirement.
Exercise 3: What activities are you currently doing? Which ones do you plan to explore?
Self-quiz: Five questions to test your understanding of lifestyle.
Activity 4: Health & Wellbeing Strategy
Only 20% of retirees do regular exercise, many retirees continue with poor eating habits, a large percentage suffer from poor mental health caused by stress, and few recognize the importance of spirituality in their life.
Exercise 4: Listing activities designed to guide you to good physical wellbeing, healthy diet, ways to reduce or eliminate stress, and actions to meet your spirituality needs.
Self-quiz: Six questions to assess your awareness of health and wellbeing.
Activity 5: Relationships in Retirement
Most people recognize that when they retire, relationships they have with people at work will change drastically.
Exercise 5: Rewarding Your Social Circle. Who’s in your current social circle and how do you appreciate them?
Self-quiz: Five questions related to your social circle.
Activity 6: Spousal/Partner Relationships
When retired, togetherness time increases, often leading to strained relationships.
Exercise 6: Spousal/Partner Relationships. What will be your role and the role of your partner?
Self-quiz: five questions related to building a stronger relationship.
Activity 7: Choosing Where to Live
Most retirees decide their current home meets their needs. But will it always?
Exercise 7: Future Suitability of Your House. Advice when downsizing.
Self-quiz: Six questions designed to guide your actions regarding suitability.
Activity 8: Using Legacy to Guide Actions
Successful retirees give considerable thought to how they want to be remembered.
Exercise 8: Using Legacy to Guide Actions. “How will you achieve your ‘legacy’?
Self-quiz: Two questions on legacy and reasons for them.
Activity 9: Engaging Mentors
84% of pre-and-post retirees don’t have a retirement coach or mentor – someone who has already successfully travelled the retirement road.
Exercise 9: Engaging Mentors. Potential mentors and reasons for selecting them.
Self-quiz: Three questions on mentorship and steps in finding a suitable mentor.
Activity 10: Your Bucket List
What do you want to do or achieve before you die?
Exercise 10: Your ‘Bucket List’. All the things you always wanted to do, and when.
Self-quiz: Five questions relating to what a bucket list is and isn’t.
Examples of Retirement Plans
The Story of Megan and David – results of discussions between the couple in the formation of their balanced leisure lifestyle, ‘where to live’, in search for a mentor and other plans.
Retirement of Elma and Susan – Two partners: one is younger and plans to work while the other, to retire. This mix results in different financial and living actions.
Sam and Maria – As a business owner who is consumed with work, Sam, has neglected Maria. Part of Sam’s plan is dedicated action to repairing his relationship with his wife. Maria, on the other hand, has become independent but is willing to meet Sam halfway.
Answers to the cases:
The Honeymoon
Upset Plans
Happy Being Alone