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Welcome

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Don’tDon’tJustJust

S E M I N A R

Turning Your Life Experiences Into Prosperity And Personal Happiness

Retire:Retire:mat!!mat!!ReforRefor

Title Page

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Copyright 2004. Dr. Lynda Falkenstein. All rights Reserved.

3Brought to you by

4Sydney Morning Herald 2/26/04

“The make-up of Australian workplaces is set for a historic shift as the Federal Government offers incentives for employees to keep working into their 70’s.”

Sydney Morning Herald 26/2/04

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Reformatting can happenat any age-

-Life or unexpected career transition-Death of spouse-Children grown

-Nearing or recently entered "retirement"

-Divorce-Sudden wealth-Sale of a business-Just ready for something new!-Critical Illness

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The Full Pictureincludes

P L A N N I N G

7Who’s Here?

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?Your Three Question Challenge

-If you could, at the wave of a wand,

be doing anything you want, what

would that be?

-What is it that gives you the greatest

personal joy and fulfillment?

-What are you doing to ensure this “it”

is an enduring feature of the rest of

your life?

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The Obstacle Course

What are the biggest issues that keep people from achieving their goals at this special time in theirlives?

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AvoidingNicheAmnesia

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You are not abeginner...

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You are more valuablethan ever before.

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The CulpritRetire(ing): Fall back, give back, withdraw, depart, out-of-the-way, backward, bashful, timid, unassertive, unassured, restrained, aseptic, shrinking, unaffable, unexpansive, drop, leave, quit, rabbity, diffident. Merriam-Webster Dictionary Macquarie Dictionary

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The Cure

Reformat!!Think

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Reformat:Reorganize, rearrange, redesign;add vigor, freshness to your endeavor;bring current; build from your core;a continuation and expansion of your life

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Unlike “Retirement,” Reformatting isn’t the end-

It’s a new beginning.

17Reformatting isn’t

When you reformat, whoyou are doesn't change;

how you see yourself and organize your life does change.

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Better...

Reformatting isn’t about just having more; It’s about having

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It’s about buildingon the best that

you already are....

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It's about capitalizing on a lifetime of experiences

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It's about using your wisdom-- the kind of wisdom that comesfrom life's lessons- not exclusively books...

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Most of allit’s aboutChoices

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“Retirement” throughother peoples eyes....

24The Superworker Age

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“Retirement at 65 isridiculous. Gee, at 65,I still had pimples!”

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“We need to move away from concepts of early retirement and compulsory retirement at a set age...”

Peter CostelloAustralian TreasurerSydney Morning Herald 26/2/04

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“I think we squander immense talent at too early an age....we went through a cult some years ago of encouraging early retirement....”

John HowardAustralian PMSydney Morning Herald 25/2/04

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55-year-old “retired” therapist

“It’s much easier to go to work every day than to have to decide what you want to do. . . Each day is a separate day.”

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Reformatting begins by “ " you…

Distilling the Best that you already are…

unpacking

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Understanding yourreal credentials

31Exercise pt. 1

-Introduce Self-What do you perceive to be... -Your greatest strengths -Your greatest accomplishments

32Exercise pt. 2

-The biggest difference you've made-The most special or unique thing about you

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Five Critical Questions(Handout)

5. What do you perceive to be the greatest difference I make?

4. What do you perceive to be the most unique and different feature about me?

3. What do you perceive to be my greatest strength?

2. What do you perceive to be my greatest accomplishment or achievement?

1. What is the first thing that comes to your mind when you hear my name?

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How is all this relevant to Reformat?your

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Build from a positionof strength

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Reformatting beginsby knowing

You You

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Leveraging your wisdom—opportunities unlimited-Teach full or part time-Consult or coach-Harness your hobby

-Write your book

-Volunteer/ give to the community-Serve on corporate and/or civic boards-Speak and share your wisdom-Travel for pay and fun!

-More and more and more

-Start a home-based business

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It’s the best of timesfor Reformatters

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Successful Reformattersknow and prepareall of their resources---including financial

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What will it take toget you where

you want to go?To successfully

reformat?

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What are you doingto ensure your dreams become

reality?

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What are you doing toensure each of the puzzle pieces is vibrant and healthy?

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Circle back to move ahead

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?Three Question Challenge-

Revisited-If you could, at the wave of a wand,

be doing anything you want, what

would that be?

-What is it that gives you the greatest

personal joy and fulfillment?

-What are you doing to ensure this “it”

is an enduring feature of the rest of

your life?

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Your Preliminary Reformat Description

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Financial Link

ThreeQuestions

ReformatPlan

YourLifestyle

Budget

Income

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Financial Puzzle

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Action item

B- DO ______ ______ ______

A- KNOW ______ ______ ______

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Thank You

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Disclaimer

DisclaimerDisclaimer

•Garrisons Pty Ltd, ABN 50 009 556 370, holds an Australian Financial Services Licence Number 230560 and is a Principal Member of the Financial Planning Association of Australia.

•All representations and information in this presentation are made in good faith and are of a general nature - they do not purport to be specific investment advice. Individual needs or other considerations have not been taken into account, thus information contained herein should not be relied upon as a substitute for detailed advice. Garrisons will receive fees or brokerage from the provision of advice or placement of investments.

Information in this presentation is current at 1 October 2003 and may be subject to change.

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