When it comes to retirement, we all have a dream scenario in mind. We think that one day we will be the right age, with the right amount of money and we can ride off into the sunset traveling, golfing, and spending time with our families. The truth is retirement is a process that takes methodical planning.
A specialist in career planning and development, George Dow has helped over 1,500 executives improve their career transition effectiveness, to ensure “fit” in their future position, and to review and help shape the strategic alignment of their chosen career path. On today’s show, George shares the Portfolio Life philosophy and how retirees can find a ‘new meaning’ after an important life chapter has closed in their life.
The podcast covers topics such as:
- The four types of retirees.
- Bridging into retirement
- The five elements of portfolio life
- The trapeze analogy
- Trying, failing and telling
Retirement is a practice of trial and error. Every individual’s career looks different and so will everyone’s retirement. It’s not realistic to go from a full-time workload to nothing. Finding ways to establish your own reduced schedule and new hobbies can create a positive transition.
Along with tools and advice for planning your retirement, we also discuss our own personal stories of family and takeaways from their retirement process.
[2:00] How did George get started in this line of work?
[3:45] There are four different types of retirees.
[4:25] So many retirees want to do more with themselves after the ‘honeymoon’ phase has worn off.
[5:35] George does a quick recap of what a Portfolio Life means.
[7:45] When executives and business owners finally retire, they have to let go of a huge work identity. It’s tough to navigate through.
[9:40] What kinds of baby steps can retirees do to dip their toes into something new and interesting?
[13:15] Ask yourself, “What are my top eight life achievements?”
[16:05] Don’t get analysis paralysis on your next new adventure. Get out and do things!
[17:15] George shares some personal stories of people who have really lived after retirement.
[25:10] Todd does a quick recap of the steps to achieving the Portfolio Life.
[27:55] What are some of the common mistakes people make while trying to achieve the Portfolio Life?
[30:50] George shares some quick tips you can implement today to get started.
Mentioned in This Episode:
Georgedow.com “Will a Portfolio Life Become Your Second Half Story?”
Georgedow.com “Bridging to a Portfolio Life”
Portfolio Life: The New Path to Work, Purpose, and Passion After 50,
by David D. Corbett
Working Identity: Unconventional Strategies for Reinventing Your Career,
by Herminia Ibarra
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