Page 64 - Workbook3E

Your Score
The categories are listed in order of importance in deciding if you’re ready for retirement. The money factor is more important then health, and so forth. Now add up the subtotals for your total score, and use the following schedule to determine how ready you are for retirement. If you scored:
• Over 100: Chances are you’re both realistically and mentally ready to consider retiring now. It’s a good time to discuss it with all the people involved.
• 80-90: Your decision is still up in the air. The advantages and disadvantages seem to balance each other. Maybe your own picture of retirement isn’t exactly clear or you haven’t put enough work into your retirement plan.
• Below 80: You’re not ready for retirement just yet. Evaluate your positions and alternatives in each area. You need to make better preparations and adjustments to be able to face the challenges of a change in lifestyle right now.
Getting The Water Ready
Before you dive into a pool each summer, you want to know it’s been properly cleaned and prepared. With planning and preparation everyone
can get ready to retire when the time’s right. Here are three suggestions to help you prepare and adjust so you’ll be ready for retirement:
1. Don’t let them retire you. When an individual feels they’re being “forced” to do something, it’s much harder. If you must leave a job, find another job that’s fulfilling. Don’t stop working until you’re ready.
2. If you choose to retire, regard it as the “ultimate promotion.” View it as a new phase of your career. Where you can earn greater satisfaction and rewards.
3. Be excited by the opportunity. Look at the positive aspects of retirement instead of focusing on the negative. The rewards can be endless if you’ve properly planned and prepared for your retirement.
60 Workbook 3: Prepare for the Future