Retirement:
Finding Purpose and Direction
For the “Second Half”
Charles J. Maloney, Jr., CGFM
Catherine A. Kreyche
Management Concepts
August 24, 2007
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What We Are Here to Do
Self-exploration
Our assumptions
– You have gifts
– You are here for a purpose
– Your purpose is use your gifts for the benefit of
others
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The Big Question
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Disclaimer
We are not financial planners
We are not counselors or psychologists
We are travel guides
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Ground Rules
Interactive Session
The Las Vegas Rule: ―what’s said here stays
here‖
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Retirement – What Comes to Mind?
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The “Old World”
1900-1970s
– Industrial Economy
– Physical labor
– The enemy: ―wearing out‖
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The “New World”
1970s?-
– Information/knowledge-based economy
– Mental labor
– The enemy: boredom, frustration
– Higher expectations for our lives
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Retirement - Definition
1. The act of retiring.
2. The state of being retired.
3. Withdrawal from one's occupation, business, or
office.
4. Withdrawal into privacy or seclusion.
5. A place of privacy or seclusion; a retreat.
― American Heritage Dictionary
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Ways to Shape Your “New” Retirement
Change careers – and never retire
Start your own business
Retire early
Retire early and start a new career
Renegotiate your job
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Ways to Shape Your “New” Retirement
(cont.)
Reshape your job and cut back to part time
Take a phased retirement
Take revolving retirement
Retire and work for a government contractor
(or vice versa)
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Retirement: A Few Statistics
60-year-old can expect to live 83 years
65-year-olds who are a couple; one spouse
can expect to live to 95 years of age
70 as ―the new 50‖
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Looking Ahead
Clarification
Exercise
Created by Charles Petranek, Indiana University
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Self-Awareness
Who am I?
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Looking Ahead: Objectives
Identify what you value in your life now
Consider what you will value most in the
future
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Looking Ahead: Getting Started
How old are you now? Example
In how many years will you – I am 50.
be ―very old‖? – I will be 95 in 45 years.
Subtract current age from – Divides into increments
―very old‖ of 15, 15, and 15 years.
Divide that number into 3 – I’ll be considering:
nearly equal increments. • 2007 (today)
You’ll be considering what • 2022
you value most today, and • 2037
into the future. • 2052
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Looking Ahead: Today
It’s 2007
How old are you?
On 8 cards, write one item per card:
– 2 gifts or talents
– 2 passions you enjoy doing
– 2 people who are very important to you
– 2 ―things‖ you treasure
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Looking Ahead: First Increment
What year is it?
How old are you?
How old are your friends and family?
Add 2 new cards:
– 1 gift or talent you’d like to have
– 1 any category
Take out 1 card of your choice
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Looking Ahead: Second Increment
What year is it?
How old are you?
How old are your friends and family?
Add 1 new card, any category
Take out 1 card
Someone in your group takes a card at
random
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Looking Ahead:
Third/Final Increment
What year is it?
How old are you?
How old are your friends and family?
Add 1 new card, any category
Someone in your group takes 2 cards at
random
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What Did You Learn About Yourself
from the Life Exercise?
What surprised you?
What emotions did you experience?
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Transition:
Retirement:
Finding Purpose and Direction
For the “Second Half”
Charles J. Maloney, Jr., CGFM
Catherine A. Kreyche
Management Concepts
August 24, 2007
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Finding Purpose
Purpose = Gifts + Passion + Values
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Purpose
The essence at our center
– Who am I?
– What am I meant to do here?
– What am I trying to do with my life?
―What is my story?‖
A profound intuitive sense
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To Discover Purpose
Discover our gifts
Discover what moves us – our passions
Discover what is at our core – our values
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Gifts Passion
Values Purpose
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Gifts
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Gifts
Special aptitudes given at birth
Time is irrelevant – flow
Everyone is gifted, but…
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Exercise #1: Uncovering Your Gifts
Identify three of your gifts
– What have you been complimented for?
– What is an activity you enjoy and do well?
– What comes easily to you?
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Exercise #1: Uncovering Your Gifts
Gift 1 _______________________________
Gift 2 _______________________________
Gift 3 _______________________________
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Passion
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Passions
Issues we care most deeply about
Many forms
Must be ―alive‖
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To find your passion, answer these:
What is worth doing?
What do I obsess about?
What problems need solving?
What must I have in my life?
What do I constantly read and talk about?
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Exercise #2a: Finding Your Passion
What were two to three times you felt most
alive? Most engaged?
Tell your neighbor a story about it
Get feedback
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f
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Exercise #2b:
“Living” in the Dead Zone
Describe 2 tasks, jobs, or activities you
hate(d), dread(ed), were—or are—mind-
numbingly bored doing!
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Values
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Values
The expression of our deepest concerns
Valuing is something we ―do‖
Values expose our individuality
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To find your values, answer these:
What are the underlying impulses behind the
choices you make?
What work environments are the best fit?
What consistent behaviors form the
foundation of your character?
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Values
Internal, but require action
Living our essence
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Exercise #3: The Values Exercise
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Gifts Passion
Values Purpose
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The Big Question
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What Is My Purpose?
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What Is My Purpose?
―My purpose in life is to discover my gifts; to
discover what moves me; and to actively
bring my gifts and passions together in the
world.‖
Richards Leider, The Power of
Purpose, 28
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Chuck’s Purpose
―My purpose in life is to help people to ask
the right questions about what is important
in their lives, so that, in the process of
discovering answers, they will be able to
discern their purpose, and to take the
necessary actions to achieve that purpose.‖
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Continuing the Journey
Use books and other resources
Keep a journal
Take action
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Keep in mind that purpose is not merely
a concept; it is a practice.
Until we make peace with our purpose,
we will never discover true joy in our
work or contentment with what we have.
― Richard Leider
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What Is Your Next Action Step?
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Thank you!
Chuck Maloney
Management Concepts
cmaloney@managementconcepts.com
Cathy Kreyche
Management Concepts
ckreyche@managementconcepts.com
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