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===Planning Strategies for Retirement=== ===Planning Strategies for Retirement===
Planning is a process that takes careful thought and consideration within your personal context that critically analyzes your personal resources. When planning ahead, please note never think that you are alone. Look to your social supports and networks for help such as your spouse, children, parents, community, friends etc <ref>van Solinge. H, Henkens. K . (2005). Couples’ Adjustment to retirement: a multi- actor panel study. ''Journal of Gerontology''. 60B(1). Pp. 11-20</ref> Planning is a process that takes careful thought and consideration within your personal context that critically analyzes your personal resources. When planning ahead, please note never think that you are alone. Look to your social supports and networks for help such as your spouse, children, parents, community, friends etc <ref>van Solinge. H, Henkens. K . (2005). Couples’ Adjustment to retirement: a multi- actor panel study. ''Journal of Gerontology''. 60B(1). Pp. 11-20</ref>
-<ref name="vansolinge" /><ref <ref name="Kloep" />.These resources have been shown to aid the adjustment process<ref name="vansolinge" /><ref <ref name="Kloep" /><ref name="Wang" />.One should write down and brainstorm or do a mind map how one might want to spend their day, assess the kind of activities you like to engage in either social, physical, mental etc, what are my dreams, desires, what are my strengths, skills and knowledge <ref>name="O'Donnell" O’Donnell. J, McWaters. G, Page. J (2004). Your life plan. In The Canadian Retirement Guide: A comprehensive handbook on aging, retirement care giving and health how to plan and pay for it. Pp. 25- 38. Toronto, Ont. Insomnic Press.</ref>. By writing down your attributes this allows you to visually look at how you want to spend your valuable discretionary time. The exciting part of retirement is that you get to choose what you want to do with your and how you want to spend your time, so get creative! This kind of planning can look at personal fulfillment, family involvement, and understanding personal motivation such as money, personal reward, learning a new skill. Further, this allows you to pick out those items in which you see are most meaningful, and authentic to you. Planning can also include preparing lists such as where you want travel, how you spend your time with family, fixing up the house, getting more involved with the community etc <ref name="O'Donnell" />.Make sure you have a balance of different ideas and that they are not specific to just career or just on physical health. You really want to strive for a holistic view of what you want your life to look like or to be like. This can include your bucket list. Once you have a clear vision of what you want to do then you can move toward your goal setting.+<ref name="vansolinge" /><ref <ref name="Kloep" />.These resources have been shown to aid the adjustment process<ref name="vansolinge" /><ref <ref name="Kloep" /><ref name="Wang" />.One should write down and brainstorm or do a mind map how one might want to spend their day, assess the kind of activities you like to engage in either social, physical, mental etc, what are my dreams, desires, what are my strengths, skills and knowledge <ref>name ="O'Donnell"> O’Donnell. J, McWaters. G, Page. J (2004). Your life plan. In The Canadian Retirement Guide: A comprehensive handbook on aging, retirement care giving and health how to plan and pay for it. Pp. 25- 38. Toronto, Ont. Insomnic Press.</ref>. By writing down your attributes this allows you to visually look at how you want to spend your valuable discretionary time. The exciting part of retirement is that you get to choose what you want to do with your and how you want to spend your time, so get creative! This kind of planning can look at personal fulfillment, family involvement, and understanding personal motivation such as money, personal reward, learning a new skill. Further, this allows you to pick out those items in which you see are most meaningful, and authentic to you. Planning can also include preparing lists such as where you want travel, how you spend your time with family, fixing up the house, getting more involved with the community etc <ref name="O'Donnell" />.Make sure you have a balance of different ideas and that they are not specific to just career or just on physical health. You really want to strive for a holistic view of what you want your life to look like or to be like. This can include your bucket list. Once you have a clear vision of what you want to do then you can move toward your goal setting.
===Goal Setting=== ===Goal Setting===

Revision as of 22:08, 30 October 2011

Contents

Retirement Planning.

What is retirement?

Retirement is a major life transition that is a process of assessing, and making adjustments that can be positive and or negative [1][2][3].Many retirees have difficulties adjusting to a loss of identity from their professional role, which can result in an unwillingness to accept their retirement options[1][3][2].Retirement itself has many paths and is unique to each individual depending on their personality traits[1].There is no cookie cutter template for retirement success, because life is unpredictable. Research has indicated that planning ahead can make the life transition smoother and is a key strategy in successful adjustment [1][3][2].This includes making clear goals; this can stimulate activities and give focus to one’s life again. So don’t fret! Plan ahead!

Planning Strategies for Retirement

Planning is a process that takes careful thought and consideration within your personal context that critically analyzes your personal resources. When planning ahead, please note never think that you are alone. Look to your social supports and networks for help such as your spouse, children, parents, community, friends etc [4] [2][1].These resources have been shown to aid the adjustment process[2][1][3].One should write down and brainstorm or do a mind map how one might want to spend their day, assess the kind of activities you like to engage in either social, physical, mental etc, what are my dreams, desires, what are my strengths, skills and knowledge [5]. By writing down your attributes this allows you to visually look at how you want to spend your valuable discretionary time. The exciting part of retirement is that you get to choose what you want to do with your and how you want to spend your time, so get creative! This kind of planning can look at personal fulfillment, family involvement, and understanding personal motivation such as money, personal reward, learning a new skill. Further, this allows you to pick out those items in which you see are most meaningful, and authentic to you. Planning can also include preparing lists such as where you want travel, how you spend your time with family, fixing up the house, getting more involved with the community etc [6].Make sure you have a balance of different ideas and that they are not specific to just career or just on physical health. You really want to strive for a holistic view of what you want your life to look like or to be like. This can include your bucket list. Once you have a clear vision of what you want to do then you can move toward your goal setting.

Goal Setting

Goal setting is seen as a valued tool to give focus, meaning, and energy and life purpose [7].This allows you to keep tabs on what means most to you and help a person understand themselves better. Goals can aid you in achieving something and can lead to success which can also bring joy and positive experiences to your transition [7].Lastly, goals can help determine motivation. Goal setting takes time, and can be difficult to determine. Attainment of goals can change over time, due to changes in your life or reevaluating what you wish to accomplish. Goal setting isn’t necessarily to run your future but to help you navigate it. Domains for goal setting can include:

  • Financial
  • Travel
  • Take on a new hobby / devote more time to an existing one
  • Teach/ Coach
  • Family Time
  • Volunteer
  • Career or work related
  • Health; spiritual, social, physical, emotional, cognitive etc.

Types of Goals

SMART Goals

SMART goals are a common method used to guide goal setting. SMART Goals stands for Specific, Measurable, Attainable, Realistic and Time bound[8]Example, by saving 100 dollars a month to put away for a vacation fund I can afford to go to Australia by next year. This example illustrates the SMART method because you have identified the specific goal to travel. The essence of the goal is the financial component, the attainment combines the specific and measurable which makes them realistic and finally by date completes the time bound component[8].However, keep in mind that SMART goals are subjective and are interdependent on one another.

Short term verses long term goals

Short term goals are those that are done within a short time frame for example 6months from now I will volunteer 3 times a week for an hour [7].Whereas long term goals indicate a longer time period example in 5 years from now I want to have saved $6000 for my trip to Australia[7].

Reminders to help you plan

  • Stay positive
  • You are not alone
  • plan ahead
  • Utlize your resources

Helpful links and books on goal setting and planning retirement

==Notes and References==
  1. 1.0 1.1 1.2 1.3 1.4 1.5 Kloep. M, Hendry. L (2006). Pathways into retirement: Entry or exit? Journal of occupational and organizational psychology. 79. Pp. 569-593.
  2. 2.0 2.1 2.2 2.3 2.4 van Solinge. H, Henkens, K. ( 2008). Adjustment to and Satisfaction with retirement; two of a kind?.Pychology of aging. 23(2). Pp. 422-434.
  3. 3.0 3.1 3.2 3.3 Wang.M, Henkens. K, van Soling. H. (2011) Retirement adjustment a review of theoretical and empirical evidence. American psychologist. 66(3).Pp 204- 213.
  4. van Solinge. H, Henkens. K . (2005). Couples’ Adjustment to retirement: a multi- actor panel study. Journal of Gerontology. 60B(1). Pp. 11-20
  5. name ="O'Donnell"> O’Donnell. J, McWaters. G, Page. J (2004). Your life plan. In The Canadian Retirement Guide: A comprehensive handbook on aging, retirement care giving and health how to plan and pay for it. Pp. 25- 38. Toronto, Ont. Insomnic Press.
  6. Cite error 8; No text given.
  7. Cite error 8; No text given.
  8. 8.0 8.1 Maple Ridge News. (2011). SMART goal- setting. BC local news. Retrieved from http://www.bclocalnews.com/lifestyles/129752413.htm.
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