Retiring on purpose: A Conversation About Making This The Most Meaningful Stage of Your Life Yet.
Retiring with a Purpose.
"I have seen far too many retirees adrift on a sea of aimlessness, boredom, and discontentment. They found their freedom from the old job and the old routines but did not sufficiently contemplate what that freedom could lead them toward.
"There is an entire generation of people worldwide today arising who have decided to make the "third age" of life , from age 50 onwards, the most meaningful. "First age"of life is from 1 to 25 years-old, the "second age" of life is from 26 to 50 years-old. This "third age" of life group of super-agers understands the habits, attitudes, and pursuits that directly correlate with successful aging and staying young at heart. Words like curiosity, connectivity, challenge, and contributing are hallmarks of a new generation of retirees-golden-agers, who are transforming 'retiring' into 'refiring' and 'reclining' into 'refining.' These ordinary people are leaving an indelible impact on the people around them, the ideas, and the causes they care most about."
Retirement Reflections
Observations I have made and lessons I have learned from watching others retire:
---------------------------------------------
---------------------------------------------
The Transcendent Life
JOB: Something I have to do
INTEREST: Something I enjoy doing
MISSION: My reason for being
Our quality of life depends largely on our quality of engagement. Working a job we do not particularly enjoy leads to routines living and a disengaged spirit. Pursuing interests we enjoy causes us to look forward to the experience --and we are engaged in the process. The highest level of living is engaging in mission (something we feel called to do), which is tied to calling (something we feel we must accomplish), which in turn fuels a sense of purposeful engagement -- our reason for being.
Job ⇒ Routines ⇒ Disengagement
Interest ⇒ Experiences ⇒ Engagement
Mission ⇒ Calling ⇒ Meaningful Engagement ⇒ Fulfilment
For Everything There Is a Season
Select five(5) choices from the list below that best describe your next phase of life and place on your (A) list. Place your send five(5) choices on the (B) list.
I see retirement as a time to:
• Travel
• Relax
• Teach others
• Spend time with spouse
• Explore
• Learn new skills ( boardgames, music instruments, etcs)
• Connect with family
• Engage in a hobby
• Do projects at home
• Start a new business
• Continue present work
• Find balance
• Play
• Mentor others
• Connect with friends
• Educate myself
• Work with charities
• Help out with kids
• Take it easy
• Go back to school
• Dust off old dream
• Do consulting work
• Increase my community involvement
• Hang out with retired friends
• Help others
• Connect with a cause
• Get a part-time hobby job
• Take on a new challenge
• Write about expereinces
• Blogging on Healthy Wealth
How to start a Blog, click here
A list:
1.
2.
3.
4.
5.
B list:
1.
2.
3.
4.
5.
There is a big difference between 'having made it' and 'having it made.'
Purposeful Retiement
Connecting with Others ― Who I desire to build stronger connections with, and why:
1.
2.
3.
Challenging Myself ― How I will continue to challenge my intellect, my faculties, and my will:
1.
2.
3.
Contributing to Others ― People and causes I would like to assist:
1.
2.
3.
Exploration Agenda
Places I would like to go:
1.
2.
3.
Experiences I would like to try:
1.
2.
3.
Skills I'd like to learn:
1.
2.
3.
People I'd like to meet:
1.
2.
3.
*Studies demonstrate that conditions like Alzheimer's disease and dementia are accelerated without continued intellectual challenge from one's 40s onward.
Having exciting agendas on the horizon infuses people with hope and a joy of living.
Mission Accomplished
Place yourself 30 years down the road and you are looking back on your accomplishments. What goals and objectives do you hope to have accomplished in these three decades?
For Myself:
For Others:
Stop making a living and start making a life with The New Retirementality
When Mitch Anthony first presented the concept of a new way of thinking about retirement in 2000, it was novel and many critics didn't buy into it. Originally written to get the attention of baby boomers who were approaching 55, Mitch started a revolution by showing people why they needed to have a new attitude about retirement–a "new retirementality." More than a decade later, most of us are facing a very different retirement reality than previous generations–failing pensions, an endangered social security system, and inadequate savings. We have been forced to face the reality of a retirement that may never happen, or one that will take place much later in life than ever expected.
Circumstances are redefining what it means to retire, and The New Retirementality, Fourth Edition is your roadmap. While most books focus on a "number," this reliable resource shows you that attitude is also an essential part of the equation–if you want to succeed you need both means and meaning.
Includes new research and studies on the latest retirement realities, as well as introduce readers to Mitch's newest concept, investing toward a greater Return on Life™
Discusses what it means to retire on purpose, the expanding role of work in retirement, and how to self-direct your future by becoming your own benefits director
Written by top financial planner Mitch Anthony
Filled with engaging anecdotes and inspirational suggestions, this book will motivate you to rethink the meaning of retirement and put you in a better position to enjoy the new retirementality you deserve.
Preface xi
Acknowledgments xiii
Chapter 1 A Short History of Retirement 1
Crossing the Bridge 7
Chapter 2 Removing Artificial Finish Lines 9
Motivated by Autonomy 12
Illusions, Delusions, and Hype 15
Chapter 3 The New IRA—Individual Retirement Attitude 17
Assume You Will Work Longer 20
Assume You Will Live Longer 20
Assume That There Will Be Improvisational Challenges 22
Chapter 4 Money Is Only Part of the Equation 25
Where from Here? 27
Chapter 5 Retirement Whiplash: Be Careful of What You Wish For 37
Unexpected Segues 38
Sudden Retirement Syndrome 39
Freakonomics 40
For Better or Worse but Not for Lunch 42
The 19th Hole 42
Disability 43
Bore-dumb 44
The Oops Factor; Rearview Mirror 46
Chapter 6 The Retirement that Works 49
Reinventing Retirement—New Pathways 50
Retirement Planning that Works 52
Chapter 7 The Real Meaning of Work 59
Brain at Work 61
Invest in Who You Are 63
Working Benefits 64
Collecting a Playcheck 65
Chapter 8 Extending Your Stay by Staying on the Edge 69
Staying in Your Zone 70
Yes Sir, Kiddo 71
Ageism on the Radar 73
The Teaching Bridge 74
Advantages of Underemployment 75
EntreMature 76
Chapter 9 A New Mind-set: Retire on Purpose 81
“I’m Done” 82
“I Have To” 82
“I’m Inspired” 83
Meaningful Pursuits: A Midlife Crisis Gone Horribly Right 84
Challenge Your Body, Mind, and Spirit 87
Refuse to Be Defined by Age 88
Enduring Attitudes 91
Chapter 10 The New Meaning of Re-tired: Your Next 100,000 Miles 95
New Spin on Re-tiring 96
Chapter 11 Redefining Rich: Bridging the Gap between Means and Meaning 107
The Seven Intangibles 110
The Stewardship of Money 116
Chapter 12 Moving from ROI to ROL (Return on Life) 119
A New Measure of Success: ROL 121
The Money/Life Puzzle 123
The Core of Financial Planning—Life at the Center 124
Issues for Our Middle Years and Beyond 126
Chapter 13 The Waiting Game: Navigating Social (In)Security 129
Risky Business 133
Learn to LIVE in Retirement 134
Chapter 14 Maslow Meets Retirement 139
Our Hierarchy of Financial Needs 142
Paying the Bills 147
Chapter 15 Calculating Income for Life 149
Paying for Survival 150
The Good Old Days 150
Safety Money 153
How Much Risk? 155
Freedom Money 156
Money to Give 158
Dream Money 162
Paying for Your Life 165
Chapter 16 Don’t Go It Alone 167
I Don’t Always Know What I Don’t Know 168
We Are Tempted to Follow the Crowd 169
Individual Investors Underperform 169
Managing Money Is Time Consuming and Stressful 170
Finding a Wealth-Building Partner 171
A Personal Safety Net 174
Chapter 17 From Aging to S-aging 177
A Sense of Mastery 179
The Vitamin Cs of Successful Aging 180
Pumping Iron at 80 185
The Soul of Accelerated Aging 186
Appendix: Retiring on Purpose: A conversation about making this the most meaningful stage of life yet 189
Notes 195
About the Author 201
Index 203
Retiring with a Purpose.
"I have seen far too many retirees adrift on a sea of aimlessness, boredom, and discontentment. They found their freedom from the old job and the old routines but did not sufficiently contemplate what that freedom could lead them toward.
"There is an entire generation of people worldwide today arising who have decided to make the "third age" of life , from age 50 onwards, the most meaningful. "First age"of life is from 1 to 25 years-old, the "second age" of life is from 26 to 50 years-old. This "third age" of life group of super-agers understands the habits, attitudes, and pursuits that directly correlate with successful aging and staying young at heart. Words like curiosity, connectivity, challenge, and contributing are hallmarks of a new generation of retirees-golden-agers, who are transforming 'retiring' into 'refiring' and 'reclining' into 'refining.' These ordinary people are leaving an indelible impact on the people around them, the ideas, and the causes they care most about."
Retirement Reflections
Observations I have made and lessons I have learned from watching others retire:
---------------------------------------------
---------------------------------------------
The Transcendent Life
JOB: Something I have to do
INTEREST: Something I enjoy doing
MISSION: My reason for being
Our quality of life depends largely on our quality of engagement. Working a job we do not particularly enjoy leads to routines living and a disengaged spirit. Pursuing interests we enjoy causes us to look forward to the experience --and we are engaged in the process. The highest level of living is engaging in mission (something we feel called to do), which is tied to calling (something we feel we must accomplish), which in turn fuels a sense of purposeful engagement -- our reason for being.
Job ⇒ Routines ⇒ Disengagement
Interest ⇒ Experiences ⇒ Engagement
Mission ⇒ Calling ⇒ Meaningful Engagement ⇒ Fulfilment
For Everything There Is a Season
Select five(5) choices from the list below that best describe your next phase of life and place on your (A) list. Place your send five(5) choices on the (B) list.
I see retirement as a time to:
• Travel
• Relax
• Teach others
• Spend time with spouse
• Explore
• Learn new skills ( boardgames, music instruments, etcs)
• Connect with family
• Engage in a hobby
• Do projects at home
• Start a new business
• Continue present work
• Find balance
• Play
• Mentor others
• Connect with friends
• Educate myself
• Work with charities
• Help out with kids
• Take it easy
• Go back to school
• Dust off old dream
• Do consulting work
• Increase my community involvement
• Hang out with retired friends
• Help others
• Connect with a cause
• Get a part-time hobby job
• Take on a new challenge
• Write about expereinces
• Blogging on Healthy Wealth
How to start a Blog, click here
A list:
1.
2.
3.
4.
5.
B list:
1.
2.
3.
4.
5.
There is a big difference between 'having made it' and 'having it made.'
Purposeful Retiement
Connecting with Others ― Who I desire to build stronger connections with, and why:
1.
2.
3.
Challenging Myself ― How I will continue to challenge my intellect, my faculties, and my will:
1.
2.
3.
Contributing to Others ― People and causes I would like to assist:
1.
2.
3.
Exploration Agenda
Places I would like to go:
1.
2.
3.
Experiences I would like to try:
1.
2.
3.
Skills I'd like to learn:
1.
2.
3.
People I'd like to meet:
1.
2.
3.
*Studies demonstrate that conditions like Alzheimer's disease and dementia are accelerated without continued intellectual challenge from one's 40s onward.
Having exciting agendas on the horizon infuses people with hope and a joy of living.
Mission Accomplished
Place yourself 30 years down the road and you are looking back on your accomplishments. What goals and objectives do you hope to have accomplished in these three decades?
For Myself:
For Others:
Stop making a living and start making a life with The New Retirementality
When Mitch Anthony first presented the concept of a new way of thinking about retirement in 2000, it was novel and many critics didn't buy into it. Originally written to get the attention of baby boomers who were approaching 55, Mitch started a revolution by showing people why they needed to have a new attitude about retirement–a "new retirementality." More than a decade later, most of us are facing a very different retirement reality than previous generations–failing pensions, an endangered social security system, and inadequate savings. We have been forced to face the reality of a retirement that may never happen, or one that will take place much later in life than ever expected.
Circumstances are redefining what it means to retire, and The New Retirementality, Fourth Edition is your roadmap. While most books focus on a "number," this reliable resource shows you that attitude is also an essential part of the equation–if you want to succeed you need both means and meaning.
Includes new research and studies on the latest retirement realities, as well as introduce readers to Mitch's newest concept, investing toward a greater Return on Life™
Discusses what it means to retire on purpose, the expanding role of work in retirement, and how to self-direct your future by becoming your own benefits director
Written by top financial planner Mitch Anthony
Filled with engaging anecdotes and inspirational suggestions, this book will motivate you to rethink the meaning of retirement and put you in a better position to enjoy the new retirementality you deserve.
Preface xi
Acknowledgments xiii
Chapter 1 A Short History of Retirement 1
Crossing the Bridge 7
Chapter 2 Removing Artificial Finish Lines 9
Motivated by Autonomy 12
Illusions, Delusions, and Hype 15
Chapter 3 The New IRA—Individual Retirement Attitude 17
Assume You Will Work Longer 20
Assume You Will Live Longer 20
Assume That There Will Be Improvisational Challenges 22
Chapter 4 Money Is Only Part of the Equation 25
Where from Here? 27
Chapter 5 Retirement Whiplash: Be Careful of What You Wish For 37
Unexpected Segues 38
Sudden Retirement Syndrome 39
Freakonomics 40
For Better or Worse but Not for Lunch 42
The 19th Hole 42
Disability 43
Bore-dumb 44
The Oops Factor; Rearview Mirror 46
Chapter 6 The Retirement that Works 49
Reinventing Retirement—New Pathways 50
Retirement Planning that Works 52
Chapter 7 The Real Meaning of Work 59
Brain at Work 61
Invest in Who You Are 63
Working Benefits 64
Collecting a Playcheck 65
Chapter 8 Extending Your Stay by Staying on the Edge 69
Staying in Your Zone 70
Yes Sir, Kiddo 71
Ageism on the Radar 73
The Teaching Bridge 74
Advantages of Underemployment 75
EntreMature 76
Chapter 9 A New Mind-set: Retire on Purpose 81
“I’m Done” 82
“I Have To” 82
“I’m Inspired” 83
Meaningful Pursuits: A Midlife Crisis Gone Horribly Right 84
Challenge Your Body, Mind, and Spirit 87
Refuse to Be Defined by Age 88
Enduring Attitudes 91
Chapter 10 The New Meaning of Re-tired: Your Next 100,000 Miles 95
New Spin on Re-tiring 96
Chapter 11 Redefining Rich: Bridging the Gap between Means and Meaning 107
The Seven Intangibles 110
The Stewardship of Money 116
Chapter 12 Moving from ROI to ROL (Return on Life) 119
A New Measure of Success: ROL 121
The Money/Life Puzzle 123
The Core of Financial Planning—Life at the Center 124
Issues for Our Middle Years and Beyond 126
Chapter 13 The Waiting Game: Navigating Social (In)Security 129
Risky Business 133
Learn to LIVE in Retirement 134
Chapter 14 Maslow Meets Retirement 139
Our Hierarchy of Financial Needs 142
Paying the Bills 147
Chapter 15 Calculating Income for Life 149
Paying for Survival 150
The Good Old Days 150
Safety Money 153
How Much Risk? 155
Freedom Money 156
Money to Give 158
Dream Money 162
Paying for Your Life 165
Chapter 16 Don’t Go It Alone 167
I Don’t Always Know What I Don’t Know 168
We Are Tempted to Follow the Crowd 169
Individual Investors Underperform 169
Managing Money Is Time Consuming and Stressful 170
Finding a Wealth-Building Partner 171
A Personal Safety Net 174
Chapter 17 From Aging to S-aging 177
A Sense of Mastery 179
The Vitamin Cs of Successful Aging 180
Pumping Iron at 80 185
The Soul of Accelerated Aging 186
Appendix: Retiring on Purpose: A conversation about making this the most meaningful stage of life yet 189
Notes 195
About the Author 201
Index 203
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