Now what do I do, Baby Boomers are asking

By Gordon Green, Certified Retirement Options Coach

Many people spend more time planning a two-week vacation than they do their retirement, which today can represent a phase of life lasting 30 or even 40 years.

And while today’s Baby Boomers don’t want their parents’ style of retirement; many are not sure what it is they do want. Dr. Richard Johnson, an internationally recognized expert on the field of retirement living and adult development, says our outdated views of retirement have made depression the #1 malady among new retirees.

“When retirement is not valued as an arena for advancing personal growth, and is viewed only as a rest area, we find ourselves separating from our very selves as we separate from our careers. When retirement is not valued for its growth potential … we give up our vitality as we give up our careers.”

A client of mine told me the story of his father, who retired to a condo in Florida after passing on the family business. The father was having coffee with a former business associate one morning who remarked: “You know what they didn’t tell us about retirement. It’s lonely.”

For some people, the second stage of life just falls into place, but for others it’s a windy path, filled with detours. Here’s a brief checklist of issues you should consider in building your plan for your successful retirement.

Retirement planning should include sharing expectations with your spouse or significant other. Advance planning avoids unnecessary conflict i.e. "I didn't know you wanted to do that!"

Retirement planning should include sharing expectations with your spouse or significant other. Advance planning avoids unnecessary conflict e.g. “I thought we both wanted to travel.”

In retirement, do you have a plan for:

• Exercising your mind for continued personal learning?

• Dealing with adult children / grandchildren?

• Changes in income, health and/or lifestyle that could affect your financial security?

• Maintaining your sense of purpose and self-worth?

• How you will spend your time with fulfilling activities and interests?

• Interaction with other to build and maintain enjoyable relationships?

• Managing family commitments to aging parents, adult children and grandchildren?

• Where you will live today? Where you will live if your health/financial situation changes?

• Communicating your retirement wishes with spouse or significant other.

If you answered No to two or more of these questions, you may want to consider consulting a qualified retirement coach.

Gordon Green is a Certified Retirement Options Coach, with a passion for helping others plan the next stage of their successful lives. We employ the Retirement Success Profile™, a scientifically validated tool that roadmaps your retirement needs and assists in building a meaningful retirement strategy.

Retirement Success Profile™

The Retirement Success Profile™ identifies personal strengths and areas of focus across 15 retirement success factors that closely affect retirement transition and planning. Across each of these factors, the Retirement Success Profile™ measures Expectation, Present Behavior and Variance.

Package includes one hour coaching consultation to review results in your personalized report.

$125.00 + HST

Gordon Green can be reached at 905-745-1385 or by email at gordon@brainstormcoaching.ca