Creating a Retirement Vision Board

Creating a Retirement Vision Board
Nov 03, 2020 by Mary R. Donahue, Ph.D
One of the techniques frequently used by people when thinking about their lives in relation to personal goals is to envision it.  Many people like to create this vision in a more concrete way and will make what is called a Vision Board.

Update on Your Next Chapter

Oct 25, 2020 by Alexandra Armstrong
Five months ago, we published “Your Next Chapter”.  This was a very different experience from our previous one, when Dearborn first published “On Your Own: A Widow’s Passage to Emotional and Financial Well-Being” in 1993.  We didn’t know how spoiled we were!  Dearborn hired a publicity person to promote our book. They paid for the two of us to go on a nine city media tour with someone assigned to take us around for newspaper, television and radio interviews in the major cities (Boston, New York, Washington DC, Chicago, Los Angeles, San Francisco, etc).  We even were guests on Good Morning America. It worked, as we sold over 25,000 copies of the book which even in today’s world is good.  “On Your Own” is now in its fifth edition written in 2012 and still selling on Amazon.com.
We got the idea for “Your Next Chapter” when we were having lunch together and discussing why neither of us had retired at the age when most people plan to retire—at  age 65. The answer was both of us loved our jobs and were fortunate because our professions as a psychologist and a financial planner allowed us to keep working—and so we did.  However, in our discussion and subsequent research, we realized there was a void and a need for a book for women like us.  Most books about retirement give general advice. They focus only on the financial aspects of retirement and ignore the emotional aspects.  We thought there was a need for a book which would help educated women with assets and a meaningful career make decisions which would result in a more satisfying retirement.

How Does a Children’s Book Relate to Retirement?

Sep 04, 2020 by Mary R. Donahue, Ph.D
Turning to the present challenges facing anyone trying to figure out what to do, or not do relative to retiring, made me me think about what we told the children about their responsibilities in What’s My Job? Just like children of separation and divorce, the current pandemic situation is not of our making; but as with the children, our responses are under our control. 

Has the Coronavirus forced you to think about retirement sooner than planned?

Aug 28, 2020 by Alexandra Armstrong
In her last blog, Dr. Mary Donahue pointed out how important it is to think about retirement sooner rather than later.  No one could have predicted that in the year 2020, the world would experience a pandemic that would literally change the way we view working, retiring, and living our lives.  Retirement; which might have seemed far off for many professionals such as teachers, is suddenly becoming a choice now  that many are considering. Numerous professionals who are being asked to go to work into what they consider to be potentially unsafe environments are now forced to consider retirement or a career change from their chosen occupations.

Does the Pandemic Have You Suddenly Considering an Early Retirement?

Aug 07, 2020 by Mary R. Donahue, Ph.D

As a result of the impact of the Corona Virus, many people that had not given much thought to retiring are rethinking that decision. Based on my personal experience following the death of my husband, I cannot sufficiently stress how important it is for all women to understand where you are in life relative to your retirement - before you might feel that you have to make a decision of that magnitude. Previously, you may have thought that there was no need to focus on this issue because you had plenty of time to do so when you were ready to retire. I can assure you that you never know what life might throw at you. There is no substitute for knowledge  

 

How the Pandemic has Affected Housing Choices for Retirees

Aug 01, 2020 by Alexandra Armstrong

Housing is one of the major expenses everyone has.  Prior to retirement, most people commuted to and from work and were in their homes only in the evenings and on weekends. All this changed with the coronavirus.  No more going to work every day.  Instead, you probably were in your house all day and night.  In many cases, you weren’t alone, and you had full time company--your spouse, your children, grandchildren, parents—a lot of togetherness.

What Do Cooking & Retirement Have in Common?

Jul 14, 2020 by Mary R. Donahue, Ph.D

One of the unexpected benefits of spending so much time at home as a result of the Corona virus pandemic is that I am spending much more time in my kitchen. For years I have saved recipes to try – “one day when I have more time”.  I have recipe folders categorized by titles such as appetizers, entrees, salads etc.  The recipes in them are sort of an extravagance of riches.  My dilemma became where to begin; and which recipes did I want to try first?  

 

As I thought about it, I realized that in a way this is similar to what we feel when confronted by thoughts of retirement. When we think about retiring, we go through many, many thoughts and feelings and suddenly we don’t know where to begin.  Although, retirement has much greater ramifications than what recipe to try first, the process is really the same and it begins with the question, “where do I start?”

 

 

8 Questions You Should Ask Before You Select a Financial Planner

Jun 19, 2020 by Alexandra Armstrong

One of the most important things to do when creating the financial plan for Your Next Chapter is to select the financial planner who will be helping you to prepare and implement your long-term financial  plan(s). The financial plan is the starting point — a road map, if you will. Financial planning is a lifelong process and your financial planner is your navigator. It’s important you choose the right person to be your financial planner, as this should be a long-term relationship.

 

Planning for Retirement in the Middle of a Global Crisis?

Jun 11, 2020 by Mary R. Donahue, Ph.D
In the middle of a pandemic, a book about retirement?  What??? My co-author, Alexandra Armstrong, CFP®, CRPC® and I had been writing our book about retirement for quite some time. We were getting ready to publish when all of our lives were turned upside down by something no one could have predicted; something called the Covid-19 pandemic. Instead of publishing as we had anticipated, we were now at home social distancing and self-quarantining. We decided to postpone publication. But then we realized this was actually the ideal time to launch Your Next Chapter. Being quarantined at home, rapidly becoming part of the #whatdayisit crowd; got me thinking more seriously about my retired life. Due to the pandemic, Alex and I both found ourselves in semi-retirement, which gave us a real opportunity to think about our own lives, both emotionally and financially. 
 

Book Summary

May 13, 2020 by Alexandra Armstrong
You are on the threshold of Your Next Chapter. Hopefully, it will be an exciting and satisfying one. This book will help you navigate the unfamiliar waters on both an emotional and financial level. Written by women for women, Your Next Chapter focuses on the issues you need to address so you can have a sustainable and rewarding future.