Posts Tagged ‘financial planning’

Retiring Retirement….

November 23, 2011

Retiring Retirement…I like the sound of that phrase. It’s the title of an article in which I was recently interviewed for in Investment Executive. It’s very aligned with the name and philosophy of my blog: UNretiredLife (my other blog that is).  Well, as many of you may know – retiring the old notion of retirement is a topic I’ve addressed for quite some time. This year, there’s been a huge ramp up of this story as boomers have turned 65. Media, banks and many other players in the financial services industry have hop on to this new narrative of what ‘retirement’ is going to mean to boomers. A paradigm shift to say the least!

In the News! In the past couple weeks, I’ve been quoted quite extensively in various articles about boomers’ work and life in the so-called retirement years. See links below.

And, btw, if you feel you are years away from retirement and don’t need to think about this – well, think again. Planning for life (and possibly work/career) in the next stage of life takes time. I know. I started in my ’40’s — and as many of you know, I have been developing an extensive second career that could serve me well into my so-called retirement years (Big Cheese Coaching)  — and have been doing so alongside my other career in communications.  Takes work. Planning. Thinking. And more.

Anyways, don’t take it just from me – hear what others have to say:

Retiring Retirement – and how boomers can stay engaged with work and life (Investment Executive, November 2011)

Retirement Can Get Old Very Fast – if you don’t do the ‘life planning’ part of it (National Post, November 5, 2011)

Post-work Planning – how boomers can plan for life after full time work (Investment Executive, November 2011)

To a TGIM work+life in all stages!


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Have You Started Your Un-Retirement Plan Yet?

November 10, 2009

UPDATE NOTE (November 10/09): I posted this entry in May and am reposting it with an update. I am excited to announce a second blog with a new suite of offerings from Big Cheese Coaching (and yours truly) called  UNretiredLife. For boomers who will defy old notions of retirement — UNretiredLife will help them plan for and create their own version of retirement. I will continue to post at TGIMworklife on related topics and likely share posts. After all, TGIM work-life is for all stages of life — including retirement, isn’t it?  Stay tuned for lots more news on this front!


Early retirement due to job loss? Later retirement due to pension changes? No retirement due to nest egg meltdowns in this economy?!

Ahhh. Retirement planning isn’t what it used to be. As a coach who specializes in helping people define/create/actualize meaningful work and meaningful life – I am paying close attention to all this.  I am also plugged into this “conversation” because I have a long-standing (7 yrs) working relationship with an organization that promotes financial planning and standards in the profession. But I am also looking at this from more than a financial perspective. I am looking from the perspective of TGIM work-life. What will ‘thank goodness it’s Monday’ look like to boomers who are heading towards what used to be ‘retirement phase’ – but now looks nothing like traditional ‘retirement’ of past generations. This is more like an un-retirement kind of retirement. And it calls for a whole different kind of conversation!   

Some people will work longer either because they have to (financially) or they choose to (work gives them meaning).  Some will opt out earlier (package anyone?). Some will retire at the traditional retirement age. But one thing is for sure. Boomers will not be heading out to the pastures of traditional retirement the way previous generations did. Boomers (or Zoomers as defined by Moses Znaimer as “boomers with zip”) are redefining the stage of life where we might shift from traditional full time work to a life in which we create a whole new mix of work and life. Proportions and details will be up to the individual but the key is to create a work-life that meets our needs — from financial, social, spiritual, etc.

This conversation is about more than financial planning (although it should include it). It’s starts with life (and work) planning.

  • What will meaningful work look like to you? Part time/full-time? Same work or a whole new direction?
  • What will give you meaning in your life if you are working less? What passions, interests, goals will you pursue?
  • What social engagements will keep you connected?
  • Who will be your ‘communities’?

Just a few questions that will be part of conversation.

I’m ready for that conversation. For myself (I’m a young boomer) – and with others who want some help to clarify and explore the questions.

You will be hearing much more from me on this. And for those ready to start the conversation – get in touch!  Let’s talk about how you will engage in planning for your un-retirement future.

To a TGIM work-life now and in your un-retirement future!


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TGIM Work-Life in a Tough Economy

October 31, 2008

Is the news of the economy getting you down? Worried about your job security? Your finances? Is getting out of bed on Monday (or any day of the week) a bit tougher these days?

Well, welcome to the “new-new economy”. Whether or not you have been directly impacted as yet by the unfolding — or shall we say ‘uncoiling’ — economic crisis it’s hard to get away from the doom and gloom of it all.

And while it may seem trite talking about TGIM (thank goodness it’s Monday…or any day of the week) these days — it’s never been more important. Commiting to strategies to develop your optimism, resilience and resourcefulness is fundamental to having a meaningful and successful work-life. With the stakes now much higher, those strategies are now even more salient.

Here are few thought-starters to help you navigate the current economy from a TGIM point of view:

Distinguish what you CAN control and what you can NOT control: This is a significant over-riding principle. Let’s face it: you can’t (on your own) change the economy — nor necessarily, all the consequences that come with it. But you can control how you navigate the consequences and prepare for the risks. Read on…

Adopt an Abundant Mindset. Ask: Are You Doing Everything You Can Do? Kim George, author of “Coaching into Greatness” and founder of the Abundance Institute writes/talks/teaches/promotes a very powerful definition of abundance. I studied with one of her groups for about a year. In essence, an abundant mindset is not about wishful thinking nor the illusion of hope in over-drive. It’s more closely connected to  ‘being who you can be (authentically) and doing what you can do“.

What that implies is truly digging down and tapping into your resourcefulness, energy, creativity, optimism and wisdom to do whatever it takes to cope with the current landscape — possibly even thrive — and manage the risks.  We often fall in scarcity traps of doubting ourselves; feeling helpless and that we don’t have enough or aren’t enough; and getting overly committed to how we think things should be vs. dealing with what is.

Things are as they are – don’t take them so personally. But do remember that you always have some choice.  You can take a stand on the sidelines (not my recommendation). Or you can take a stand for being the best you can be during these tough times and for doing all that you can do. 

NOTE: In a subsequent post, I’ll list some suggestions/ideas wrt to‘concrete’ things you can do — and would love to hear from others. Send your ideas! 


1) Deliver Optimum Value at Work in Whatever You Do. Whether you are self employed or traditionally employed, this is the time to shine. While this won’t necessarily guarantee business or secure your job, it will at least give you a leg up on competition should cuts prevail. Companies still need talent and if they do need to cut back, make sure your contribution and value make it harder for you to be put on that ‘cut’ list.  Likewise, for the self employed – find ways to make yourself invaluable. Maybe that means offering a new level of service or even some different services that make sense in this economy. Dig down, strategize and be relevant!

2) Remember: Bear Markets Are Not Forever. Keep Your Eyes on the Present — while also on the Horizon. The economy is giving a lot of us a lot of pain. But it’s worth remembering that economies move in cycles. There is always an upside ahead of us. This will pass. Keep your eye on the present and do what needs to be done now. But also keep your eye on the horizon and remember that better times will return.

3) Get Your Financial House in Order: Everyone’s got money on their minds these days. Never before has financial planning been more important – and working with a qualified, ethical and competent professional. I’m biased. Part of my work-life has included an engagement with Financial Planners Standards Council  (FPSC) for more than six years as a consultant. As a result, I’ve had the opportunity to talk to CFP professionals (Certified Financial Planner) across the country and hear their sage advice:

– This is not a time to panic but it is a time to get good professional advice and do some planning. If you already have a plan in place (good for you!) then perhaps take the time with your advisor to review it to make sure you are prepared for those ‘what-if’ scenarios and/or to deal with the impact the economy has had (or may have) on your financial security. 

-Consider building a larger emergency fund in case of job loss. Many CFP professionals are saying that instead of a 3-6 month cushion, one may want to build that up for a longer time-frame. How? Review your spending and maybe tighten up or re-organize your budget a bit. Distinguish more carefully between your needs and wants. A CFP professional can also help you determne if you need to restructure your debt – and more.

More Resources:

Read what FPSC is saying to Canadians in a recent media advisory.  And advice offered by a few CFP professionals in a recent article published in

Learn how to find a planner (what questions to ask; how to source a CFP professional, etc) here.

Need coaching? Check out my coaching website: or give me a call (blatant self-promotion yes…but, hey….I’m ‘doing what I can do’ 🙂


Learn more about Abundance Intelligence 

FINAL TIP:  We may be in tougher times but the sky is still here….remember to live your life and have a bit of fun along the way.

Would love to hear your tips/strategies/questions/stories…..

To a TGIM Work-Life in ANY economy!!