My husband’s a mathematician – isn’t that scary! Sometimes people ask me what we talk about. Sometimes I’ll tell them that he whispers seductive equations in my ear – like “just think about the square root of eight hundred and twelve…” But most often he tells me and most people that “mathematics is everywhere.”
I certainly found it in a recent article on retirement I found in Forbes Magazine. The author, Joseph Coughlin, a well-known researcher, teacher, and head of the MIT Age Lab, talked about “The New Math of Retirement Togetherness.”
It went something like this: There are 164 hours in a week. During that time, approximately 8 hours a day are spent sleeping, leaving 112 waking hours in a week for each of us. [No, this is not an SAT Math question.]
Now, if a typical workday is, say, 9 hours, that makes it minus 45 hours a week away from your partner. This brings it to 67 hours of together time. Then he continues his calculation by allowing an hour a day for travel (subtracting 5 for the workdays) and brought the discussion to 62 hours of ‘togetherness’ in a week.
6 Hours a Day vs 16 Hours a Day
At this point Coughlin went on to narrow things down stating that life routines of home/child/personal responsibilities, etc., result in the fact that the reality is that a typical couple may often spend only six (6) hours a day together. Quite a surprise when we actually do the math, right?
But that’s not quite the end of the math. Professor Coughlin then went on to compare this number to the number of hours couples spend together in RETIREMENT. This means that the original 45 hours a week of work that were subtracted are now added back. Oh, and so are the 5 allowed for travel. So, let’s see, that’s now 45 + 5 = 50 divided by 5 = an extra 10 waking hours a day for a retired couple to spend together!
Is that paradise? What will you do with that newly awarded together time? Suppose you already have a schedule and your partner questions your comings and goings, how will you react?
These are situations that you and your significant other must consider as retirement comes closer. Sure, visions of the perfect dream vacations and spontaneous trips to see the grandkids come to mind. Golf, beach, gardening and bike rides bring smiles. But how often will you do those things?
Does Your List Match That of Your Partner's?
What if your list of ‘things to do’ doesn’t match that of your partner’s? In fact, do you really want everything on your list to match that of your partner?
Just think about how smart and happy you will feel in retirement when you and your partner have already worked on these challenges! Perhaps you explored the opportunities for starting a new business or offering consulting in an area you know well. You’ll feel glad you made new friends in that Saturday morning photography class you signed up for two years ago and have been enjoying ever since.
And your partner will be especially happy to see you thrive. Everyone has different needs and activities that give them purpose and make them feel fulfilled. There will be things that you do together, but there must also be those separate activities that bring you joy. A few years before you retire is a great time to take a good look at who you are and what you really want.
I ran into a neighbor and his wife recently, when I was out walking the dog. He is an executive who is looking forward to leaving the deadlines and fundraising behind. I asked him how he plans to spend his time, and his wife immediately answered, “He’s going to paint the family room, clean out the garden, and join the choir so we can sing together on Sundays!” I looked at him and he rolled his eyes and said, “Do I have a choice?” The answer is “yes, you do have a choice.” Discuss it now so you both can enjoy the added time together later.
The Bureau of Statistics notes that a male at 65 has, on the average, another 20 years to live and enjoy life. A female has around 22 years. Here’s one more math note: that is another 1/3 of your life
How are you going to spend yours? Will you be looking at your partner every morning asking, “What are we going to do today?” Or are you going to be full of your own well-thought-out ideas and plans that sometimes are shared and sometimes accomplished on your own?
Help yourself enjoy your retirement by planning before you get there. Help your relationship with your partner by talking about and understanding each person’s wants and needs. Then,
ON YOUR MARK, GET SET… GO!
Good Luck! Loretta
P.S. Last night, before he turned out the light, my husband whispered:
‘A’ squared plus ‘B’ squared = ‘C’ squared!
#retirement #couples #relationships #planning
Boo! It’s almost Halloween. Since mid September you’ve seen all the preparations, decorations, and merchandise. There are lights for your lawn, bags of trick-or-treat candies for your give-away bowl, and – of course - the Starbuck’s Pumpkin Spice latte!
Now comes the big question. You are probably going to a Halloween party, so...
“Who are you going to be?”
I’ll bet you probably started planning for it far in advance. After all, you’ll need to think it through, get a costume, make sure it’s comfortable, and check that it looks good. Will you be someone scary? Someone cool? Someone funny? A gorilla? A princess? A Zombie? Such choices! And what fun to play and search, and be creative.
Which reminds me of …, RETIREMENT! So...
“Who are you going to be?”
Soon your old identity of “doctor,” “lawyer,” “businessman,” “teacher,” will be no longer applicable, so who are you going to be without that business card?
It’s a good idea to start planning now. Just like for Halloween, you’ll need to make some plans, decide how you want to spend your time, and then figure out how you will make it all happen. You can try on different costumes and take different paths towards the treats you so desire.
The special beauty of retirement is that you can always take off the costume if it becomes uncomfortable. Then you can change into something else!
Take Bob, for example. He knew when he retired, he was going to spend his time riding and grooming horses. He had a place to start.
He soon found that doing this all day every day was not really what he had in mind. So, he then cut back to going to the stables twice a week. And since he always liked writing, now he spends a lot of time writing mysteries set in the horseback riding world.
Emily’s love for taking photographs had to take a back seat to work and family responsibilities. Two years before she retired, she made some plans and signed up for a weekend course in photography to sharpen her skills. She loves going out in the early morning to walk along the lake, and her nature photographs are beautiful.
Recently, someone asked her to take photos of their son’s wedding and various other special events. That then turned into teaching photography as a continuing education course to adults at the local high school.
It all started with having a plan. That is the secret to success with most things, and it is really important in retirement. Sure, you might say you have your finances in order, but after all, retirement is about so much more than the money.
Eliminate the tricks; make way for the treats! Happy Halloween this week! And start planning now for your Happy Retirement!
Loretta Saff is a Certified Professional Retirement Coach and can be reached at www.coachingwithloretta.com.
SO, …, WHAT WILL YOU DO NOW?
Some people facing retirement say:
All these sound great and interesting – on the surface. But let’s look at them more carefully.
“Ah, time to do what I want when I want.” Ok, but what do you want? And in what order do you want it? There may be a lot of choices and a lot of opportunities for you and your time. Thinking about it and planning ahead can make a huge difference and help avoid disappointment.
“I’m going to get up late and enjoy my coffee and the newspaper.” Ok, so assuming you don’t sleep later than 8:00, that brings us to around 10 a.m. Good for you! You are caught up on what is happening in the world. Now what? (And, by the way, if you’re only having coffee and you use a Keurig, you will probably be done by 9:30!)
“Travel! I am going to travel!” Yes! Plan those trips to your dream cities. And go. But remember, travel is getting harder and harder. Planes are cancelled; security causes long lines; prices are through the roof. And what if your knee starts hurting again? Just like you spend time planning the details of a trip, you need to have a plan for all those other weeks when you are not traveling!
“Well, I’ll probably start another company or get another job.” But wait, why did you retire in the first place? Will you make sure that you won’t face the difficulties and stressors that made you leave?
Don’t get me wrong – any of these are a good starting point for some real thinking and self-assessment. Being honest with yourself is a lot easier with an objective partner. A few sessions with a Retirement Coach can make all the difference.
Create the kind of retirement where YOU are in control and make smart choices that allow you to find peace and fulfillment. Use the same effort you put towards creating your financial “nest egg” to come up with a plan for your Retirement.
After all, 65 is the new 50!
Call me; let’s talk.
“Your mission, Jim,
should you choose to accept it, is…”
You recognize that quote. It’s the opening scene to MISSION: IMPOSSIBLE. Of course, Jim always accepts the assignment; and we get to enjoy the adventure.
Sometimes in life you do have choices. You can choose – even volunteer – for the mission. But sometimes the mission is simply forced on you, and then you have to navigate the challenges.
Lately, I’ve been thinking a lot about TRANSITIONS. Often it’s as simple as going off to college or wanting to change jobs. Other times it’s finding yourself an empty nester, being ‘let go’ from a job, or becoming single after years of partnership. Or maybe you are moving from one place to another, just lost someone you love, or realize that you must RETIRE.
These transitions – or CHANGES – all force you to ask yourself similar questions:
Each transition happens to a different you. It’s important to take a good look at who you are NOW. Then you can explore what you really want and make a plan for how to get there.
Coaching You Through the Transition
As a coach, I don’t give you the plan. Only you know what will make you enthused about getting up in the morning. But coaching will help you decide what you really want and what’s been stopping you from getting there. Once you are armed with that information, you’ll sharpen your focus and be ready for what lies ahead.
CHANGE – Some people can handle it just fine, and others, ‘not so much.’ Whether you are Jim (or Janet) and find that your:
having a coach makes a big difference as you navigate the new environment. The “Transition Mission” is yours – and you have to choose to accept it. Let me help you make it an exciting
Loretta Saff, M.A., CPC, CPRC