Posts Tagged reinvention
What will you do when you retire?
Do you have an answer to this question? It’s a commonly posed question, but think about the answers you get. My experience is that the question is oft met with a shrug of the shoulders and a laugh.
” Oh - definitely play golf every day.”
” Don’t worry; my wife has a long to do list for me.”
” I can’t afford to retire the rate my kids are going.”
Our business is built around influencing work and life decisions and slowing the rate of retirement so thatorganisations are sustainable in the future.
Last week I had coffee with a CEO of a not-for-profit in Adelaide. Whenever I talk about our Create seminars which are designed to support employees in their ‘retirement’ decisions, I throw a version of the above question in: What do you want when you retire? She impressed me with her answer:
“I plan to work a few more years at this level. Then I want to retire and provide support for organisations that help underpriveleged children, because my children have had such a comparably priveleged upbringing. I also plan to do some study in the Fine Arts. I imagine that I will always work in some capacity, but not the way I’m working now.”
Retirement is an assumption. What most people we come across want, is the opportunity for redirection. Working, but working differently. Making time for other success factors like your nearest and dearest, your own wellbeing and your long time goals.
What do you say when you’re asked this question? Do you shrug it off with some glib answer? Or can you articulate what ‘retirement’ looks like for you? Try it..
dreaming of a second life
Posted by Catriona in Commentary on March 10th, 2010
Saw the iconic Kathryn Bendall in her Adelaide Fringe debut show “Kath on a Hot Tin Roof” on Sunday night. Kathryn is a friend of SageCo’s - but she’s more than that. As her favourable review in the Advertiser yesterday remarked, “she is a magnificent example to all who dream of a second life.”
Kathryn found herself retrenched four years ago at the age of 55. Defying very unhelpful comments from supposed ‘career professionals’ advising her that she was ‘dreaming’ if she thought she was employable - Kathryn reinvented herself into a stand up comic. The show is a great chuckle; I do love the barbecue story.
Faced with a somewhat enforced retirement, Kathryn has redirected her life. And as her husband Ron says, “At least stand up comedy is cheaper than golf!”
There are five more shows to catch. Quick. Hurry. This mature age icon deserves an overflowing house.



prepared for what?
Posted by Catriona in Commentary, Musings, Research on March 29th, 2010
The recent Mercer Superannuation Sentiment Index indicates a dip in retirement confidence given the impact of the GFC on funds. But it is this statement that really interests me:
This figure correlates with the research that SageCo has conducted over the last five years. Over 5000 employees have been through organisationally sponsored ‘retirement preparedness’ programs with us. While financial reasons weigh heavy on decisions about retirement, we think there are fundamental questions which need examining before you can adequately address the financial concerns.
These are tough enough questions at any age. Even when ‘retirement’ may seem a long way off, having a plan in mind while you have earning capacity is so important. Not having a plan weighs heavily on mature employees.
Organisations who support their ‘late-career’ employees in retirement preparedness will reduce the risk of retirement loss and increase productivity.
ageing workforce, reinvention, retirement, staff retention
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