Sue Maitland - Life Transitions Coach Sue Maitland - Life Transitions Coach

Tag Archives: Retirement Planning

Are you REALLY ready to retire?

Victoria Waterfront Mar 2016-0863-Edit (2)It’s a BIG decision with lots of implications both financially and personally. I know because as a life and career transitions coach I’ve helped many clients answer this question and in this blog post I’m going to share my top tips for a successful retirement.

Some of my clients had already retired and weren’t sure they’d made the right choice. Others felt ready and just needed that final clarity on exactly what their retirement would look like before taking the leap. I’ve watched others attempt to retire and return to work because their retirement funds aren’t sufficient to support the retirement lifestyle they desire and others who simply miss the social interaction and sense of purpose that comes from working.

There are some key components to enjoying a successful retirement and it’s not all about the money.

Sue’s Tips for a Successful Retirement

  1. Take time to pause and connect with your values, your natural strengths and abilities and what fulfills you – do this and you have a solid foundation upon which to start to create a retirement you’ll love. Fail to do this and you’ll find many people willing to help you fill your days with commitments and activities you’d really rather not be doing.
  2. Get clear on your priorities for this phase of your life – who and what is most important to you? (*)
  3. Don’t retire as a means to get away from a job or boss you hate – if retirement feels right to you, be sure you have a sense of purpose and a plan for your retirement
  4. Create a clear vision of how you’ll spend your time in the years ahead – you could be looking at 30 to 40 years or more and that’s a long time
  5. Take advantage of all the possibilities that retirement offers – learn a new skill, travel to new places (locally or further afield if your budget allows), join a special interest group that appeals to you or start your own, make new friends, volunteer for a cause you’re passionate about – fill your days with enjoyable and uplifting activities.
  6. Consider your changing needs as you age and make sure your plan accommodates for this. You may be very active in the early retirement years, less active in the next 10-15 years and in time, you may simply wish to stay in your own home and find that you need outside support to be able to do this.
  7. Find a form of exercise that you enjoy and that your body can sustain and build it into your schedule – keeping active both physically and mentally is a key component of a happy retirement
  8. Find a competent qualified financial planner and share your vision for your retirement. Ensure you have sufficient funds to sustain the lifestyle you desire before you decide to retire. If you still have some saving to do, consider re-inventing yourself for a new career that you’ll love (as I did when I became a life & career transitions coach after 30+ years in the corporate world) and you may find that the idea of fully retiring isn’t quite as appealing as it once was.

(*) Getting clear on your priorities is a critical first step when facing any life transition and I’ve developed an online workshop where you’ll coached by me through a proven process and in just 2 hours you’ll get crystal clear on your priorities for this phase of your life. It’s the What’s Important to Me NOW? online workshop and it’s available for only Cdn. $97 from my website at www.suemaitland.com/store – access it and get clear on your priorities TODAY.

Think You May Need Some Help?

If you’d like to explore inviting me to help you determine whether you’re ready to retire and create a vision and build a plan for what your ideal retirement could look like, please reach out to me through my website www.suemaitland.com and we’ll arrange a complimentary initial consultation.

If you’re a financial advisor, you may wish to explore inviting me to speak on this topic, or run a mini retirement planning workshop for your clients.

Sue Maitland 

ICF Certified Life & Career Transitions Coach

suemaitland@shaw.ca   778-265-6880   www.suemaitland.com

Colored pebbles over white

Secrets to Planning a Happy Retirement

Chair by LakeTake time to pause and explore what an ideal retirement could look like for you. One of the biggest challenges in thinking about retirement is creating a clear vision of how you’ll spend your time. Until you have this clarity, it can be hard to find the motivation to set financial goals to help you achieve it. Baby boomers have very different ideas about retirement than their parents. In this 90 minute workshop, Sue creates a space for you to begin to clarify your retirement vision, shares her top tips for a successful retirement and helps you avoid regrets later in life. Don’t procrastinate – the time to plan is now BEFORE you begin your retirement.

Kick Start Your Retirement Lifestyle

Chair by LakeJoin Sue Maitland, ICF Certified Life Transitions Coach and discover why retirement planning is not just about the money. Sue will help you start to plan for your ideal retirement lifestyle. To get the most out of this exciting time of your life, you need to have a clear vision about how you will spend each stage of your retirement.

At this complimentary interactive lifestyle planning session, you’ll discover:

What’s unique about retirement for baby boomers

The three phases of retirement

Sue’s seven tips for a successful retirement

This event is hosted by Lara Austin, BA, FMA, CIM and Wealth Advisor, RBC Dominion Securities

Complimentary refreshments will be provided and seating is very limited, so please register early if you’d like to attend.

 

Pre-Retirement Lifestyle Planning for Singles

Do you sometimes feel anxious when you think about your retirement? You know you need to have a plan for where you’ll live and how you’ll spend your time because without that it’s impossible to know when you have enough money set aside so that you can stop work without worrying. Would you like to kick start your retirement planning in a fun one day workshop? This small group workshop involves some group activities and also provides for you to capture your own personal thoughts and ideas without sharing with the other members of the group. You’ll connect with your own personal vision of retirement, including where you’ll live and how you’ll spend your time. Take your lunch break to stretch your legs and assimilate our morning work. The hotel has a beautiful restaurant and there are many al fresco options at nearby Fisherman’s Wharf. The early afternoon will be devoted to group brainstorming around a number of hypothetical scenarios for achieving a variety of retirement goals. You’ll then take time to capture possible ways that you can accommodate your desires in a way that could work for you and takes account of your personal circumstances. You’ll leave the session with a better understanding of what retirement could look like for you and some tools to help you continue the process of clarifying your vision and refining your retirement plan. Once you’ve completed this work, you’ll be able to talk with a competent financial advisor who can help you formalize the financial component of your plan and help you determine when might be the best time for you to retire.

This day could be life-changing – don’t put off getting this clarity to some future date that may never come. Enjoy a sense of control and empowerment as you clarify your retirement plans.

Pre-registration is mandatory and spaces are limited. Please call Sue at 778-265-6880 to register.

Pricing is $197 per person and is payable in advance.

Pay only $157 each when you Invite a friend, colleague, client or relative to join you. All major credit cards are accepted

Pre-Retirement Lifestyle Planning for Couples

Do you suspect that you and your partner have different view of what retirement could look like? Would you like to kick start your retirement planning in a fun one day workshop? This small group workshop involves some group work and also provides for you to capture your own personal thoughts and ideas without sharing with the other members of the group. You and your partner will each connect with your own personal vision of retirement, including where you’ll live and how you’ll spend your time. There’ll be an opportunity to share your ideas with one another over the lunch break. Lunch is not included in this workshop to allow for privacy as you share your discoveries with your partner. The early afternoon will be devoted to group brainstorming around a number of hypothetical scenarios where one partner has a very different view than the other. You’ll then take time to capture possible ways that you can accommodate your and your partner’s desires in a way that could work for both of you. You’ll leave the session with a better understanding of what retirement could look like for you as a couple and some tools to help you continue the process of clarifying your vision and refining your retirement plan. Once you’ve completed this work, you’ll be able to talk with a competent financial advisor who can help you formalize the financial component of your plan and help you determine when might be the best time for you to retire.

This day could be life-changing – don’t put off getting this clarity to some future date that may never come. Enjoy a sense of control and empowerment as you and your partner clarify your retirement plans.

Pre-registration is mandatory and spaces are limited. Please call Sue at 778-265-6880 to register. Pricing is $297 per couple and is payable in advance. All major credit cards are accepted

Forget Retirement – Semi-Retire Instead

Forget Retirement – Semi-Retire InsteadDo you sometimes wonder if you’ll ever be able to save enough money to retire? We’re living longer and many company pension plans are facing extinction. Even those lucky enough to have a defined benefits pension plan may be splitting the proceeds with an ex-spouse and finding that’s not enough to live on. Some parents are reaching their 60’s and are still supporting adult children who aren’t yet fully financially independent. Sound familiar?

Here’s a radical notion – what if you chose to semi-retire doing something that you enjoy doing so much that you may never want to fully retire? There is considerable research to support the notion that staying engaged and involved in stimulating activities such as running your own small business can contribute to a longer, healthier and more satisfying life. The bonus is that the extra income may allow you to transition into your dream semi-retirement career sooner than you ever thought possible.

I transitioned into my new career as a Life Transitions Coach in my mid-fifties after 30 years in the corporate world and love it so much that I can’t imagine ever retiring. It’s the perfect career to transition me into semi-retirement. It fits perfectly into my semi-retirement vision which includes primarily working from home and travelling occasionally to deliver speaking engagements or workshops in cities I love. I’d like to tell you that I carefully thought it all through and strategically planned my transition into my new career, but that wouldn’t be true. My transition came about as a result of a company reorganization which prompted me to pause and consider whether this was the right time to begin my new career – I decided that it was.

Looking back, with some pre-planning, I might have done things a little differently. I could have taken my coach training while I was still working and begun my coaching practice part-time on evenings and weekends to build my confidence and my practice before making the transition. I might even have been able to experience the joy and satisfaction I experience from my new career sooner had I started planning earlier.

If you’re in a job that doesn’t inspire you and you’re years away from being able to retire, I encourage you to give some thought to what an ideal pre-retirement career could look like for you – one that could set you up for your ideal semi-retirement career in the future. I love helping my clients explore possibilities for their ideal next career move and I have a number of different programs to help them do that. Or you can make your own plan.

7 Steps to Your Dream Semi-Retirement Career:

  1. Get a clear vision of what an ideal semi-retirement lifestyle could look like for you
  2. Inventory your talents, strengths and assets and identify the ones that you feel most fulfilled using
  3. Explore the many possibilities for using those talents in a different career or a new business that would be of value to others and that could transition you into semi-retirement
  4. Validate that your idea is viable – is there a demand for the type of career and if it’s a business – is there a demand for this in the marketplace?
  5. Understand the costs involved and the expected revenue stream from your new pre-retirement career – be realistic and if starting a new business expect it to take a few years to become profitable.
  6. Build a plan and a timeline to transition into your pre-retirement career with dependencies identified, including any training that might be required
  7. Sit down with a qualified financial planner and take a good look at your current finances and projected retirement income and explore different scenarios to discover when would be the right time for you to begin to execute your plan to transition into your dream semi-retirement career.

I can’t begin to tell you how satisfying it is to be making a living doing something you love. I hope you are able to discover what that looks like for you and would love to hear from you if you’d like to share what that is for you or if you would like my support to help you discover and transition into your dream semi-retirement career. Do this and you can make the rest of your life the BEST of your life.  

Make the rest of your life
the BEST of your life.

Stones

©Sue Maitland Life Transitions Coach 778-265-6880

suemaitland@shaw.ca  www.suemaitland.com

Sue Maitland is a Life Transitions Coach and Speaker based in Victoria, BC Canada.

Retirement Reinvented for Women

Join, Donna McCaw, author of “It’s Your Time”, Sue Maitland, Life Transitions Coach, Bev Carter, Notary and Pam Katunar, TD Investment Advisor and the Sponsor of this event, for a day focused on understanding what an ideal retirement could look like for you. We’ll wrap up our day with a delicious wine tasting courtesy of Silverside Winery and a presentation from Cathy Scott CEO (Chief Exploration Officer) of exciting trips around the world designed just for women.

This will be an informative, interactive and fun filled day and spaces are likely to fill up quickly. If you’d like to attend, please contact Sue Maitland at 778-265-6880 or email her at Suemaitland@shaw.ca and provide your name and phone number and the name and number of any friends or relatives who may like to join you.

Retirement Reinvented – Part 6

In Part 6 of this 6 part seminar series you’ll create a plan to achieve your retirement vision.

You’ll build on the research from part 5 and get clarity on whether full-retirement or semi-retirement is right for you.

You’ll get sense of when might be the right time to retire or semi-retire.

You’ll have a chance to “step into” experiencing your vision of retirement and receive tools and a strategy to help you refine your plan and begin to take action to make it a reality.

You’ll also book your follow up session with your coach for early in 2015.

The cost of this event is included in the overall cost of this seminar series.

Call Sue at 778-265-6880 to register or for more information. Visa and MasterCard accepted.

Retirement Reinvented – Part 5

In Part 5 of this 6 part seminar series you’ll create a budget to support your vision of your ideal retirement.

We’ll hear from a local expert Financial Advisor who will share their experience in advising clients on planning their retirement. You’ll have the opportunity to ask questions about how you might best achieve your retirement vision.

You’ll leave the session with some things to research in order to complete your financial plan for retirement.

The cost of this event is included in the overall cost of this seminar series.

Call Sue at 778-265-6880 to register or for more information. Visa and MasterCard accepted.

Retirement Reinvented – Part 4

In Part 4 of this 6 part seminar series you’ll explore where the best place to live might be to support your retirement goals and what the accommodation might look like in that place.

We’ll explore the many options that you could consider to support your retirement vision.

You’ll have the opportunity to evaluate how your choice of location could impact the people and things that are most important to you and support your vision for your retirement.

You’ll receive checklists to help you evaluate what’s mandatory and what simply “nice to have” for your location and home features during your retirement.

The cost of this event is included in the overall cost of this seminar series.

Call Sue at 778-265-6880 to register or for more information. Visa and MasterCard accepted.

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