I’m often asked, “Nancy, what are some easy things I can do now to start to plan for my eventual retirement?”
I get that emphasis on “easy.” Finding the time to focus on the future is not so simple when you’re busy working hard at your full-time job. But even if you can only spare a few hours each month, there are some simple things you can do now to begin to plan for the future.
Here are 5 suggestions:
While traveling on an airplane recently, I sat next to an IT exec in his late 50′s and we got into a lively discussion about second-act careers (shocking, I know).
But when I asked him what he had in mind for his second act, he sighed and said, “You know, I think about a lot of things. But I gotta admit that the thought of doing something really different scares me. I can’t get this vision out of my head that I’ll end up as a greeter at Walmart and then one day I’ll bump into an old colleague who will ask:
“Hey, didn’t you used to be…?’”
If you’re thinking about starting a business during retirement, you’re going to need a business plan.
Now before you roll your eyes, I want to clarify that a business plan doesn’t have to be an extensive or lengthy document. In fact, for most retirement businesses, which typically don’t require any outside funding, a one-pager is likely enough to get you started. A one-page business plan describes your business and what it will take to run it, all in a single page.
One of the most common questions I’m asked about planning for semi-retirement is, “How do I get started?”
My answer is always the same. You get started by getting to know yourself better. You think about the “big” questions like:
I just returned from a glorious family vacation to the Tetons and Yellowstone. It was a wonderful break in every way – incredible views, fantastic restaurants, and most importantly, a rare chance to spend a week relaxing with our adult children.
My only complaint about vacation is that getting back to work is always so tough (and I love my job). All I want to do is sit here and stare at my trip photos. As my daughter posted on Instagram about this photo of Jenny Lake: #nofilterneeded.
Alas, work beckons. So now back to you and how to get paid to travel…