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    The Essential Guide To Retirement Readiness: Finances • Health & Wellness • Relationships • Life Purpose
    The Essential Guide To Retirement Readiness: Finances • Health & Wellness • Relationships • Life Purpose
    The Essential Guide To Retirement Readiness: Finances • Health & Wellness • Relationships • Life Purpose
    Ebook117 pages1 hour

    The Essential Guide To Retirement Readiness: Finances • Health & Wellness • Relationships • Life Purpose

    By Daniel Roy

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    About this ebook

    Are you ready to get real about your retirement?
    Today, retirement is a new beginning. Many Baby Boomers are healthier, wealthier and living longer than their parents. Yet while many plan financially for retirement, far fewer consider the social and psychological changes retirement will bring. As a result, some find themselves bored after a year or two of leisure or depressed because they feel lost without a new identity.
    The Essential Guide to Retirement Readiness is your complete reference for thinking through this next phase of your life. You can use the thought-provoking questions and insights to help you consider the key areas for achieving an active and satisfying retirement, from health and family to life purpose and finances. In this comprehensive guide, you get:
    • Expert instruction on saving for retirement and the steps to take to ensure your wealth outlives you.
    • Advice on creating specific goals through the three stages of retirement based on how active you can and want to be.
    • Tips for finding fun and fulfilling activities and even using the skills you’ve spent a lifetime developing.
    • Ready-to-use financial planning worksheets, a resource guide, and more.

    Daniel Roy, founder and CEO of Praxis Wealth Management, is a certified retirement coach and a certified financial planner with 28 years of experience. He is also a speaker and trainer on wealth management strategies and retirement planning.
    LanguageEnglish
    PublisherBookBaby
    Release dateDec 30, 2014
    ISBN9780994007513
    The Essential Guide To Retirement Readiness: Finances • Health & Wellness • Relationships • Life Purpose

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      Book preview

      The Essential Guide To Retirement Readiness - Daniel Roy

      Author

      Foreword

      We all dream of our retirement years. Yet, while most of us will talk of planning for the transition from an active professional life, few will think of retirement in terms other than ensuring that our financial future is in order. Ignored, as stated so persuasively and rationally by the author of this fundamental primer on retirement, is considering Retirement as a time for renewal, spiritual expansion and personal discovery. In other words, as so succinctly, appropriately and compellingly described in each gripping and illuminating chapter: Retire to something as opposed to retire from something. Do that for which you have never had sufficient time!

      This excellent and insightful book focuses not only on financial planning, rather, it is centred on wellness: physical and psychological. Twenty-four insightful questions to enjoy and actualize a fulfilling post-retirement life are explored: each of which will help you chart a path of discovery best suited to your personal aspirations and desired quality of life. Become engaged and not paralyzed by fear of what is for many a daunting transition. The author aptly proffers the concept of G.R.E.A.T. (Getting Really Excited About Today). This book is indeed great, highly readable and prescriptive.

      Dr. Andrew Nellestyn, OStJ, KStG, PhD, PEng

      Introduction

      Long gone are the days of simply calling it quits from work and spending your remaining days on the front porch. Today’s cohort is retiring earlier and living longer. Some of these retirees have the financial resources to do what they want. They are healthy, happy and enjoying the fruits of many years of hard work and diligent saving. These folks planned for their retirement, and, as a result, are able to live out their retirement dream to the fullest of their capacities.

      But they tell only one part of the retirement story.

      For all the images of smiling seniors depicted in the media, there are still an important number of retirees who do not do the work needed to prepare for the transition into retirement. Far too many who are near retirement age spend their time counting down the days until their retirement date arrives. Instead of thinking about what life after work will look like, they focus only on their exit date. Still others are too busy at work and at home to pay much attention to their planning needs.

      Whatever their reason for failing to prepare for this important new period in their lives, the end result is a retirement spent in idle business as they try to make the time go by. With all of their previous reference points for happiness, fulfillment and contentment gone, these people struggle to create a new life for themselves that doesn’t include boredom, anxiety and depression.

      The truth is, of all the transitions we face in life, few can elicit the same level of anxiety and stress as retirement does. From whether you’ve saved enough money to what will happen if you become ill, the numerous unknowns that await us once we leave the safety of our work are at the root of this discomfort. These feelings can lead many people to simply give up on life and hope for the best once they leave work. That’s where a well-thought-out retirement plan can make a difference.

      If you’re approaching retirement and starting to worry about what you should do, this book is written for you. And even if you have already begun planning for your retirement, you will still find this book helpful. That’s because conventional retirement planning with its focus on the financial aspect is no longer enough to assure you of financial independence and a fulfilling life. While important, a financial plan fails to take into account three other key ingredients to a meaningful retirement that I share with you in this book.

      The Four Pillars of Retirement Planning

      Without question, we need financial resources to support our desired lifestyle. That’s why all good retirement plans look at how to ensure you have enough money to live on when no longer working. But we also need to be healthy to enjoy our retirement years. And since, as humans, we are social beings, we need to develop and nurture meaningful relationships with others in order to thrive. And we absolutely need to have a life purpose that will validate our existence. It’s only by continuing to carry out activities that matter and by giving of ourselves to others that we will find happiness for ourselves and for the people whom we touch with our actions.

      I have been working as a certified financial planner for the past 28 years, but it wasn’t until about six years ago that I realized retirement planning is not just about the money. My clients were engaging me in discussions that had nothing to do with their money and everything to do with how they were going to spend the rest of their lives once they left their work. These discussions forced me to rethink the whole concept of retirement planning. Yes, money is an important element in the equation, but I realized there must be other issues to consider if you are going to have a successful and meaningful retirement.

      To help address my clients’ concerns, I conducted extensive research to better understand this important life transition. As a result, I have come to understand that there are four essential pillars needed to properly support your retirement. Regardless of your social status, the level of income that you earn, or any other socio-economic factor, you need to have these pillars in place. No one single pillar is more important than any other; they are all equal.

      These pillars are:

      Finances | Health & Wellness | Relationships | Life Purpose

      A successful retirement aligns all four pillars with your goals and dreams. Over and over again, I have seen that if your retirement planning takes into account all four pillars, not just the financial, your life will truly become magical.

      But the time to start planning is five, ten, even fifteen years before your retirement actually takes place. So to help you get started, this book is your guide for thinking through the four pillars and building the foundation you need for a successful, stress-free retirement. It briefly describes each of the four pillars and provides a series of questions, twenty-four in all, that will help you prepare for this next phase of your life. By uncovering some of the retirement challenges before you actually leave work, I hope to make

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