Money Talks. Does Yours Stutter?


Common Cents On Finances

Listen – Money Talks. Does yours Stutter?

Money.  Symbol and Tool


Financial planning is essential at any stage of your life, more so as you prepare for retirement, since it is one of the fundamental pillars of retirement. This chapter discusses a number of important points on this subject, but you are advised and urged to consult a qualified financial planner and accountant for your financial planning.

Obvious question include:

–        Do you have enough money to retire?

–        What if you outlive your money?

–        Can you financially retire “cold turkey” or do you have to semi-retire first?

–        What are your income streams and how solid are they now and will be in retirement?

–        What if you or your spouse need extended nursing care?

–        Will you still be able to do the things in retirement that you have done up till now?


  • In what state is your Financial Plan?

Fact: 75% of USA households do not have enough retirement money.

Fact: 65+% of baby boomers say that they will have to work for between 1 to 5 years to ensure they boost their nest egg enough before they can retire.

Fact: Your “retirement number” varies depending on multiple factors not just financials but most of these translate to financials eventually.

Fact: Everyone needs a financial plan before considering retirement, which should address several components including:

–        The lifestyle that you and your partner intend to lead, the expected level of comfort and the type of hobbies that you intend pursuing.

–        The overall health and wellness of both you and your partner,  inclusive of physical, mental, physical, intellectual and spiritual aspects which will become an increasingly important factor in more ways than just financial.

–        Your relationships with your inner-, middle- and outer circles of those whom you care for and who make up your support group.

–        Your ongoing journey of life-long learning.

–        You passions and purpose and how much it will take to fund them.

–        Your travel plans, especially if you move away from your family/close friendship circle.

–        How part time and volunteer work will fit into your retirement in terms of finance and time.

–        Your current investment profile.

–        The country you will retire in.

–        And …. how long you expect to be in retirement. This is a very tough estimate to make.

There is no denying that money is an important component before and in retirement, hence most retirement books and seminars concentrate and cover mostly the financial aspects ahead of social, mental, physical, emotional and spiritual factors – but as can be seen above it is not the ONLY factor.

You will find that your approach to retirement will change as time progresses and as your retirement is being redefined during your periodic 3R Review, Revalue and Re-invigorate sessions.

You will need to work through the following three steps in an honest and open dialogue between yourself and your life’s partner (and business partners you may have):

–        Evaluate your current financial position and status.

–        Identify and agree where you aim to be at certain points in future and what will be financially required then.

–        How to do what is necessary to get there within certain parameters (such as relationship, health, legal), your investment profile and investment timeline.



Who Wins At Bowls?


On Relationships

A Life Worthwhile

Good relationships make life worthwhile.

To be sure, we stand in relation to everything else in the universe, but that is maybe too big a concept to wrap our heads around.

Hence we need to reduce it to a more tangible and understandable level – family, friends, and the rest of society.


Whether it is with family, friends, at work or in general – your relationships make you feel worthy and help you to grow in more aspects than one. It engenders trust, acceptance, support and relates you to people with whom to share and celebrate your ups and downs, your wins and losses. It reduces stress and gives you an overall sense of belonging, satisfaction and happiness – a feeling that you matter after all.

Bad relationships have exactly the opposite effect.

Goodbye’s and Hello’s

Retirement changes and interrupts and therefore impacts relationships and you should take this opportunity to re-align, add to, change, diversify and even perhaps spring-clean some of them.

When you retire from work, you almost certainly retire from a large portion of the relationships that you have built up over years. Experience has shown that very few, if any, of these will continue throughout your retirement.

  • You will need to review your current and past relationships in terms of this shift.

There are of course those relationships that remain, mainly with your partner, your children, living parents and other family as well as the core of two or three close friendships that you have developed over time.

At the same time you will almost certainly establish new relationships with those in your new environment, especially if you move location or start new hobbies and ways of leisure.

This will happen regardless of whether you plan for it or not – and will have a significant impact on your relationship structure in retirement –  and it is advisable that you start working on establishing this structure  years before you actually go into retirement.

This is also the right time to put the “power and the punch” back into those relationships that you value – to basically reshape your relationships. There are various ways to do this such as through existing and new hobbies and interests, friends and social networks.

Hobbies and newly developed interests will take you on a path of self-discovery. You will get to know and befriend a new set of people and possibly learn new skills that will enrich your life in all aspects. You may for instance start to play bowls on a regular basis which will result in physical work-outs, stimulating conversations and meaningful new relationships over time.


Uncommon Denominator – Presidents, Princes, Paupers


Happiness and Being Alive

Develop the mindset of “living rich”. Don’t worry about trying to die rich. You cannot take it with you.

In the 50’s and 60’s of the previous century very few people lived beyond age 60. Due to medical miracles an additional 25, 30, even 35 and more years have been added to life expectancy in general.

  • How do you intend spending these added years?

One way is to buy a backpack and go “walk-about” for a few years through countries that are currently just names on a map for you, climb the Alps, cycle through a country, volunteer – if those are what makes your life worthwhile.

People are said to regret what they have not done, rather than what they have done in life – and this may even be true of presidents, princes and paupers alike.