Pre-Retirement - Preparing for a New Beginning

Designed & Developed by : Wong Yew Yip ~ Updated 1 August 2021
Wong Yew Yip
yewyip@gmail.com

Purpose
To assist retirees in preparing
their Personal Retirement Plan
for a healthy, secure and fulfilling life
upon retirement

 Create awareness of challenges in life after retirement
 Assist retirees to make a smooth transition from their
current working lifestyle to that of life after retirement
 Equip retirees with enough information on managing
important aspects of their lifestyle
 Overcome anxiety and concerns about this major change
in their lives
 Identify issues that need to be addressed for a fulfilling
retirement
 Approach retirement positively and enthusiastically as an
event to be looked forward to, welcomed and enjoyed
 Prepare a Personal Retirement Plan for implementation
Objectives

PRE-RETIREMENT MODEL
CURRENT STATE DESIRED FUTURE STATE
PERSONAL CHANGE AGENDA
My Personal
Retirement Plan
Where I
will be
( Where am I now? ) ( Where I want to go? )
( How do I get there? )
Methodology
Retirement
Readiness
Assessment

Retirement to people at different ages
It's a
distant
dream
It’s not a
concern
It's a minor
concern
For those 50 and
beyond, it's a reality
that must be dealt
with

Overview
of
Retirement

Nancy K. Schlossberg, Counseling
Psychology Professor, University of Maryland,
What is Retirement from your Company?
"Retirement implies
that you're just leaving
something"
"But it is really a
career change. You are
leaving something that
has been your primary
involvement, and you
are moving to
something else."

Nancy K. Schlossberg, Counseling
Psychology Professor, University of Maryland,
What is Retirement from your Company?
"Retirement can be a roller
coaster because you are changing
so much about your life - your
work role, your relationships, your
daily routines, your assumptions
about yourself"
"All that is in flux, and
it takes awhile to get
comfortable with a new
life."

Retirement ?
Retirement ?
Picture Your Retirement

How does your picture look like?
☺ Bright colours?
☺ Happy looking faces
☺ Full of activity?
☺ New freedom?
☺ New purpose/challenge?
☺ The future is bright?
 Dark colours?
 Sad looking faces
 Inactive or boredom?
 No more freedom?
 No purpose in life?
 The future is gloomy?
Picture Your Retirement

How many more
years will I live?
What kind of
lifestyle do I
expect?
What kind of lifestyle
changes do I have
to make?
Where do I
want to live?
Can I outlive
my money?
Where am I now
in my journey
toward retirement?
Do I need a million
Ringgit to retire
well?
What do I want my
retirement to look
like ?
What kind of mental
and emotional changes
will come with my
retirement?
Is retirement the beginning of
an inevitable decline on
health, wealth &
independence?
Do I dread retirement -
worry about getting old
& being a burden on my
family?
Key Retirement Questions

Fear of Retirement

 Older adults who categorize
themselves as old and frail
encourage attitudinal and
behavioural confirmation of
that identity
 “If people think that they are
old and frail, they will act like
they're old and frail.”
Study conducted at University of Exeter
Medical School (April 2013)
Retirement Study

Optimum Strategies for Creativity and Longevity
By Sing Lin, Ph.D. 林星雄博士
National Taiwan University Alumni Association
– Greater New York March 2002
Age at
Retirement
Average Age
At Death
49.9 86
51.2 85.3
52.5 84.6
53.8 83.9
55.1 83.2
56.4 82.5
57.2 81.4
58.3 80
59.2 78.5
60.1 76.8
61 74.5
62.1 71.8
63.1 69.3
64.1 67.9
65.2 66.8
Optimum Strategies for Creativity & Longevity

WORRIED
& TIRED
AGELESS
EXPLORER
COMFORTABLE
& CONTENTED
LIVE FOR
THE PRESENT
Four Faces of Retirement

LIVE FOR THE PRESENT
• Dream of having time, to do
things they did not have for
earlier in life
• Ready for something new &
exciting
• Burden with worry & regret they
did not adequately prepare
financially for retirement
WORRIED & TIRED
• Worst possible scenario for
retirement
• Expect little out of life
• Living anything but their golden
years
• Days are filled with anxiety
• Life is simply winding down
COMFORTABLE & CONTENTED
• Like a good pair of shoes, it fits
just right
• Content simply to relax & enjoy
the golden years
• Stress free
• Relax, travel or play but not work
• Independent, secure & perfectly
happy with life as it is
AGELESS EXPLORER
• Living life of activity &
independence
• Freedom, flexibility, recreation &
personal growth
• Not fearful about retirement
years
Four Faces of Retirement

• Professor Emeritus Datuk Dr
Khairuddin Yusof left his job at 50 at
Universiti Malaya to “play again”
• He is 82-year-old gynaecologist and
former deputy vice-chancellor of
Universiti Malaya (UM)
• Climbed Mt Kilimanjaro in Tanzania, Mt
Aconcagua in Argentina and a few
peaks in Kazakhstan
• Also into triathlon
• He recently took up dance classes and
added author to his long list of
accomplishments
“Ageless Explorer” Role Models

• It is never too late to turn the clock back on ageing
• Yee Sze Mun, 81, is living proof that you can get fitter as
you get older
• He is hooked on triathlons - to complete a 3.8km swim,
180km cycle and 42.2km run is no mean feat
• A fortune-teller predicted his life would end at 67
• Yee has participated in 14 Ironman competitions,
completing 13. His fastest time is 15 hours 01 seconds
(qualifying time is 17 hours)
• His life lessons:
▪ Age is not a burden or a handicap
▪ Work won’t kill you but worry will
▪ Know your goals and understand what it takes to get
there
▪ Always have a purpose in life no matter what your age

RANTAU PANJANG: A senior citizen who cycled 2,250km
around Peninsular Malaysia since Jan 26 has proven
that age is no hindrance to carrying out an
'impossible' mission. Wan Hashim Wan Mahmood, 68,
who has 18 grandchildren, completed his tour at
Rantau Panjang, Pasir Mas via Sungai Golok when he arrived
at the Customs, Immigration and Quarantine Complex on Saturday
at 8.15am.
His arrival was received with tears of joy by his mother Hasmah
Hamad, 82, wife Faridah Daud, 62, his six children and
grandchildren.
In a mark of respect for Wan Hashim, about 50 cyclists including
his children and grandchildren and members of the Kelantan
Cycling Association acompanied him for 50km to his house in Jalan
Telipot, Kota Baru.
When met by Bernama, Wan Hashim was grateful at having
succeeded in ending his solo ride when many were sceptical of his
capability.
"My family also helped a lot and they are the pillar of my strength,"
said Wan Hashim, who also thanked several government agencies,
which extended aid such as the Prisons Department.
Wan Hashim, in his mission, had traversed Kelantan, Terengganu,
Johor, Singapore, Malacca, Negri Sembilan, Kuala Lumpur,
Selangor, Perak, Penang, Kedah and Perlis.
GRANDFATHER (68)
COMPLETES TOUR
OF PENINSULAR
MALAYSIA
(February 2014)

1. Financial Planning
2. Working Options
3. Social Support
4. Lifestyle
5. Health
6. Time Management
7. Estate Planning
8. Housing
Contact yewyip@gmail.com
for soft copy of assessment
EIGHT CATEGORIES

1
Rating
Exact knowledge of
pension/retirement benefits
Financial Planning Score
Have established a
comprehensive retirement budget
Have not planned a comprehensive budget
including income and expenses in retirement
10
9
8
7
6
5
4
3
2
1
E.
Complete awareness of tax
consequences of retirement
Have little knowledge of tax laws
affecting retirement
10
9
8
7
6
5
4
3
2
1
D.
Have been in a disciplined
plan for 10 years or longer
Have not started financial planning
program for retirement
10
9
8
7
6
5
4
3
2
1
C.
Complete knowledge of my personal finances,
including assets and commitments
Have not started to review
my personal finances
10
9
8
7
6
5
4
3
2
1
B.
Little knowledge of pension/
retirement benefits
10
9
8
7
6
5
4
3
2
1
A.
FINANCIAL PLANNING
Rating
Have plans to do some type
of work, including own business
Working Options Score
Have been working volunteer or
part-time to best make the transition
Have had no part-time
or volunteer work
10
9
8
7
6
5
4
3
2
1
E.
Enlisted an agency specializing in career
planning and placement for my specialty
Have not contacted job
placement service agency
10
9
8
7
6
5
4
3
2
1
D.
Explored the job market, interviews
lined up, or already established
Little or no awareness of the
job market, have no interviews scheduled
10
9
8
7
6
5
4
3
2
1
C.
Have a resume, job search
strategy, or business plan
Do not have a resume, job search
strategy, or business plan
10
9
8
7
6
5
4
3
2
1
B.
Have not considered working
after retirement
10
9
8
7
6
5
4
3
2
1
A.
WORKING OPTIONS
RETIREMENT READINESS ASSESSMENT
This is an informal questionnaire to assess your readiness for retirement,
• providing you insights as to where you are in your retirement preparation
• areas to focus on in preparing for your retirement.
This assessment takes into consideration not just financial planning but also habits and
attitudes across many areas, including social support, health, time management and
housing.
For each of the questions below, write your rating number (1 to 10) in the last column
and total your score in the last row of each category.
2
Rating
Little or no stress in
other aspects of life
Lifestyle Score
Have emotional and other resources
to live lifestyle of choice in retirement
Lack emotional and psychological resources to live lifestyle
of choice in retirement
10
9
8
7
6
5
4
3
2
1
E.
Recognize unlimited options
and choices in retirement
Perceive limited options
in retirement
10
9
8
7
6
5
4
3
2
1
D.
Perceive tremendous control
over aspects of retirement
Perceive little control over
many aspects of retirement
10
9
8
7
6
5
4
3
2
1
C.
Have many recreation
and leisure pursuits
Have few leisure and recreation
pursuits such as hobbies or sports
10
9
8
7
6
5
4
3
2
1
B.
Experiencing considerable stress
in other aspects of life
10
9
8
7
6
5
4
3
2
1
A.
LIFESTYLE
Rating
Have a thorough understanding of the health
and lifestyle variables on life expectancy
Health Score
Eat a well balanced diet and have
fewer than 8 drinks a week
Do not eat a well-balanced diet and/or have
more than 8 alcoholic drinks/week
10
9
8
7
6
5
4
3
2
1
E.
Exercise daily and
enjoy an active lifestyle
Exercise infrequently and
have sedentary lifestyle
10
9
8
7
6
5
4
3
2
1
D.
Have no health problems
or concerns
Have many health problems
or concerns
10
9
8
7
6
5
4
3
2
1
C.
In the morning you feel
rested and relaxed
In the morning you are often
fatigued and stressed-out
10
9
8
7
6
5
4
3
2
1
B.
Little or no knowledge or understanding of health
and lifestyle's influence on life expectancy
10
9
8
7
6
5
4
3
2
1
A.
HEALTH
Rating
Receive a great deal of social support
from spouse or partner
Social Support Score
Actively involved in several
retirement groups
Do not belong to any retirement
groups or associations
10
9
8
7
6
5
4
3
2
1
E.
Actively involved in civic, fraternal,
volunteer, or service organizations
Have little or no involvement in civic,
fraternal, volunteer, or service groups
10
9
8
7
6
5
4
3
2
1
D.
Employer and/or organization offers
classes, clubs, and supportive services
Employer and/or organization provides little
or no social support or assistance
10
9
8
7
6
5
4
3
2
1
C.
Talk freely and openly with
family and/or friends
Anticipate little or no social support
from family members and friends
10
9
8
7
6
5
4
3
2
1
B.
Anticipate little or no social
support from spouse or partner
10
9
8
7
6
5
4
3
2
1
A.
SOCIAL SUPPORT
Retirement Readiness Assessment

3
Rating
Have a will and
established plans
Estate Planning Score
Estate plan can accommodate
Inflation and economic cycles
Fixed estate plan is based on present
Ringit value and inflation rate
10
9
8
7
6
5
4
3
2
1
E.
More than sufficient investment income
to live desired retiree lifestyle
Assets and investments not sufficient to
maintain present lifestyle
10
9
8
7
6
5
4
3
2
1
D.
Excellent insurance; health, life,
long-term care, and disability after retiring
Inadequate health, life and
disability insurance after retiring
10
9
8
7
6
5
4
3
2
1
C.
Have a relationship with attorney,
tax advisor, or financial advisor
Have not consulted a tax advisor,
financial advisor or an attorney
10
9
8
7
6
5
4
3
2
1
B.
Do not have a will or
established plans
10
9
8
7
6
5
4
3
2
1
A.
ESTATE PLANNING
Rating
Primary residence is
owned free and clear
Housing Score
No inter-generational
housing problems anticipated
Housing cannot accommodate needs of
aging parents or returning children
10
9
8
7
6
5
4
3
2
1
E.
Present housing arrangement
ideal for retirement plans
Present housing is not desirable
for retirement lifestyle
10
9
8
7
6
5
4
3
2
1
D.
Do not have home
equity credit line
Have large home
equity loan balance
10
9
8
7
6
5
4
3
2
1
C.
Own investment or vacation
property free and clear
Do not own any
other real estate
10
9
8
7
6
5
4
3
2
1
B.
Primary residence with
large mortgage
10
9
8
7
6
5
4
3
2
1
A.
HOUSING
Rating
Retiring at best possible time
Time Management Score
View transition to retirement
as a manageable process
View transition to retirement as
open-ended and ambiguous
10
9
8
7
6
5
4
3
2
1
E.
Retiring to enjoy a more relaxed and leisurely
lifestyle which may include some kind of work
Retiring from oppressive work environment,
boring routine, or mundane work experience
10
9
8
7
6
5
4
3
2
1
D.
Have many activities and social events
to keep busy obligations after retirement
Do not have many social events
or activities outside of work
10
9
8
7
6
5
4
3
2
1
C.
Most large financial
obligations have been resolved
Have many financial obligations —
child education, mortgage, etc.
10
9
8
7
6
5
4
3
2
1
B.
Retiring at worst possible time
10
9
8
7
6
5
4
3
2
1
A.
TIME MANAGEMENT
4
RETIREMENT READINESS ASSESSMENT RESULTS
%
Retirement Readiness represented as a %
( Total Score / 400 x 100 )
Total Score
Housing
Estate Planning
Time Management
Health
Lifestyle
Social Support
Work Options
Financial Planning
Score
Category
FOR EACH CATEGORY,
shade up to the score for the
category, for example :
• The shading on the circle provides you with a sense of the well-
roundedness of your retirement preparations
• An unbalanced circle could portray strengths and weaknesses, calling
attention to those areas that might need more thought and
consideration
• A more concentric, rounded circle would indicate a better-balanced and
thought out retirement preparation

Category Score
Financial Planning
Work Options
Social Support
Lifestyle
Health
Time Management
Estate Planning
Housing
Total Score
Retirement Readiness represented as a %
( Total Score / 400 x 100 )
%

Many times, in order to survive
we have to start a change process
Why is change needed?
We sometimes need to get rid of old
memories, habits and other past traditions
Only freed from past burdens, can we take
advantage of the present

8 Ways to prepare for Retirement
Personal
Retirement
Plan
Review & Plan
Finances
1
Review Will
& Trust
2
Review
retirement
needs & goals
3
Getting Along
with People
4
Develop
healthy
lifestyle
5
How to spend
your time
6
Personal
Development 7
Next career
move
8

Personal
Retirement
Plan
Review & Plan
Finances
1
Review Will
& Trust
2
Review
retirement
needs & goals
3
Getting Along
with People
4
Develop
healthy
lifestyle
5
How to spend
your time
6
Personal
Development 7
Next career
move
8
1 Review & Plan Finances
Seek a professional Financial Planner to
review and plan your finances

What is Financial Planning?
Financial planning is designing a roadmap for your
assets to support your present needs and to help you
to meet your future long-term goals
Financial planning is not just for the rich; Indeed it is
more important for everyone who is not so rich
Although you can do your own financial planning, it
is advisable that you seek help from a financial
planning professional

3 Simple Steps in Financial Planning
1
2
3
Decide where
you want to be
Find out where
you are now
Plan how
to get there

Decide where you want to be
1
1. Set Goals
2. Prioritize
3. Investment
Attitude

Find out where you are now
2
1. Personal Balance Sheet
2. Personal Spending
3. Personal/Family Survivor
Needs Analysis
4. Financial Independence
Analysis
5. Children Education
Planning Analysis
6. Investment Analysis

Plan how to get there
3
1. Set financial independence goal
2. Customized Personal Financial Plan
3. Implementation Steps prioritized
4. Appropriate products and programs
5. On-going communication
6. Review, update, monitoring program

$ Do I know my financial standing - my assets & commitments?
$ Can I determine my retirement expenses?
$ Can I determine how much I need to maintain the same standard of
living after retirement?
$ How can I develop a Retirement Income Plan?
$ How do I conduct a personal financial analysis?
$ How can I decide on what to do with my retirement funds?
$ Do I know what are the best investment options?
$ How do I review my insurance coverage - life, health, homeowners
and auto insurance policies?
$ How much should I set aside emergency funds?
Questions you will be asking

 Spend time with you in thinking
through your priorities
 A gatekeeper to help you spot
where not to invest
 Remind you to stick to your goals
and values
 Paint financial pictures for you so
that you can see your financial
future
 Help you work through how much
to leave to your children
 Tailor made solutions to your
constraints and problems
How can a Financial Planner help?

Personal
Retirement
Plan
Review & Plan
Finances
1
Review Will
& Trust
2
Review
retirement
needs & goals
3
Getting Along
with People
4
Develop
healthy
lifestyle
5
How to spend
your time
6
Personal
Development 7
Next career
move
8
2 Review Will & Trust
Seek professional Wills & Trusts services
to review your Will & Trust

What is a Will?
 A legally binding
document by which an
individual signifies his
wishes as to the
distribution of his estate
 A Will will ensure
efficient distribution of
assets and may include
specific instructions to
specific persons and
cater for special
circumstances

Concept of a Will
Beneficiary
Testator
Executor
One who makes a Will
Person appointed by
testator in his Will to
carry out/execute the
directions and requests
therein
Person named in the
Will to receive
property or benefit
A Will is a valuable document and should be kept in a safe
place or deposited with a Custodian for safe-keeping

What is a Trust?
 A legal relationship that begins when a deed of trust is signed
 The Settlor (client) transfers the assets to the Trustee
 The Trustee holds the assets and administers the same in
accordance to the deed for the benefit of Beneficiaries
The
Settlor
The
Trustee
The
Beneficiary

$ Do I know the why and how a will
can protect my assets and help
reduce estate taxes & other costs?
$ Do I know why the need and how
to set up a trust?
$ Do I know why the need for Estate
Planning?
$ How can I review beneficiary
designations to make sure that me
and my beneficiaries are
appropriately protected?
Questions you will be asking

Personal
Retirement
Plan
Review & Plan
Finances
1
Review Will
& Trust
2
Review
retirement
needs & goals
3
Getting Along
with People
4
Develop
healthy
lifestyle
5
How to spend
your time
6
Personal
Development 7
Next career
move
8
3
Review Retirement Needs
& Goals

Work vs Retirement
Revolved around a fixed routine of getting up early and
beating the traffic to get to the office on time
Each day is filled with tasks, meetings, appointments or
meeting customers
What needs to be done is more than what we can handle and
we are worn out by the time we reach home after going
through another round of traffic congestion
A boss to look over our shoulders
We are in a rat race
We wish we have more time and less stress
We are so used to the daily work routine for the past 30 years
WORKING LIFE

1. Too much time/not enough tasks to fill
days
2. Clock seems to tick slower and each day
seems longer than usual
3. At a loss as to what to do with all the
free time at our disposal
4. Whole world has abandoned us and we
yearn to be at work - never mind stress
5. That we are no longer in demand irks us
6. No more phone calls/emails from
colleagues
7. Feels insignificant and failure of sorts
RETIREMENT FEARS
Work vs Retirement

1. Our wishes to have more time
and less stress are answered
2. Getting away from it all and get
a well-deserved rest and enjoy
the fruits of my life
3. Our mind is free at last and can
start planning all the things we
wish to do
4. We treasure our new found
freedom and do what we like
5. It's time for self-discovery
RETIREMENT REALITY
Work vs Retirement

2 Elements of Retirement Needs & Goals

Retirement Needs & Goals Matrix
NEEDS
• Buy a new car
• Renovate the house
• Draw up will
• Improve business skills
• Spend time with family
• Invest more intelligently
• Take up a hobby
• Go on long overseas
holiday
• Reconnect with old friends
• Financial peace of mind
• Loss weight
• Be more computer literate
• Look for part-time work
• Exercise daily
• Play more golf
• Write a book
• Help siblings financially
• Do charity/voluntary work
• Take part in singing contest
N
O
W
WANTS
L
A
T
E
R

Complete Your Retirement Needs & Goals Matrix
NEEDS
What are your NEEDS
NOW
What are your WANTS
NOW
What are your NEEDS
LATER
What are your WANTS
LATER
N
O
W
WANTS
L
A
T
E
R

Personal
Retirement
Plan
Review & Plan
Finances
1
Review Will
& Trust
2
Review
retirement
needs & goals
3
Getting Along
with People
4
Develop
healthy
lifestyle
5
How to spend
your time
6
Personal
Development 7
Next career
move
8
4 Getting Along with People

Why the need to get along with people?
Retirement changes the dynamics of relationships
 At work, you need to get
along with your boss and
your subordinates need to
get along with you
 Upon retirement, all these
change
 More importantly, this
affects your relationship
with your spouse and
children

Characteristics of Social Styles
• Reserved or composed posture
• Actions controlled or careful
• Wants facts or details
• Serious gaze/minimal gestures
• Limited facial expression
• Little sharing of feelings, personal
information or storytelling
• Shares information about task
TASK
DIRECTED
• Uses voice to emphasize ideas
• Loud, clear and direct
• Quick or fast-paced
• Makes statements more often
than asks questions
• Tends to lean forward
TELL
DIRECTED
• Seldom uses voice to emphasize
• Quiet and indirect
• Deliberate, studied or slow-paced
• Asks questions more often than
makes statements
• Tends to lean backward
ASK
DIRECTED
• Relaxed posture
• Wants acknowledgement /support
• Friendly gaze/varied gestures
• Animated facial expressions
• Shares feelings, tells stories,
reveals personal information
• Limited discussion of facts
• Focused on relationship issues
PEOPLE
DIRECTED
vs
vs

Pleasing Personality
Your pleasing
personality is your
greatest asset or
liability
It embraces
everything you
control, your mind,
your body, and your
soul

MY PLEASING PERSONALITY RATING NAME :
No.
How would I rate my Pleasing
Personality factors?
( Rate 1 to 10; 1 = Very Bad, 10 = Excellent)
Rating
(1 -10)
How would I improve? When?
1. A Positive Mental Attitude
2. Flexibility of mind
3. Sincerity of Purpose
4. Promptness of Decision
5. Common Courtesy
6. Tactfulness
7. Pleasing Tone of Voice
8. Facial Expressions
9. Tolerance
10. Forthright Manner and Speech

No.
Rating
(1 -10)
11. Sense of Humor
12. Faith in Infinite Intelligence
13. A Keen Sense of Justice
14. Appropriate Use of Words
15. Effective Speech
16. Control of Emotions
17. Alertness of Interest
18. Versatility
19. Fondness for People
20. Control of Temper

No.
Rating
(1 -10)
21. Hope and Ambition
22. Temperance
23. Patience
24. Humility of Heart
25. Appropriateness of Dress
26. Effective Showmanship
27. Sportsmanship
28. Ability to Shake Hands
29. Personal Magnetism
30 Habit of Smiling when speaking
My Total Score My overall rating (Total Score ÷ 300)

20 Golden Rules for Getting Along with People
1 2 3 4 5
6 7 8 9 10

20 Golden Rules for Getting Along with People
11 12 13 14 15
16 17 18 19 20

For the
next 4 Ways,
there are
100 Things
you can do!

1 To lose weight and reach my weight-loss goal 16 Indulge in spa/massage treatment
2 To go for medical check-up at least once a year 17
Learn to plan well and no rushing between
activities
3 Make exercise a part of my everyday routine 18 Be patient with my spouse and children
4 Maintain healthy diet 19
Be more environmentally friendly, like start
recycling
5 Walk more, drive less 20 Have better posture
6 Don't stress too much, relax and let life happen 21 Drink more water
7 Sleep early and wake up early 22 Take better care of my skin/teeth
8 Cut fast foods out of my diet 23 Grow a garden and eat what I grow
9 Able to jog 5 km 24 Manage my health better - mentally and physically
10 Join a dancing class 25 Find something beautiful everyday
11 Join an exercise class 26
12 To make my spouse smile every day 27
13 Stop worrying so much about things I can't control 28
14 Learn how to swim 29
15
Have more fun, less spending, less materialism,
just good old-fashioned fun
30
Develop Healthy Lifestyle

Dream what you want to dream
Go where you want to go
Be what you want to be
Because you have only one life
And one chance to do all the things
You want to do

1 Visit places in Malaysia 16 Redecorate the house
2 Visit places overseas 17 Take part in contests
3 Raise my children to be happy 18
Write and send in comments to
newspapers/magazines
4 To have a healthy relationship with my parents 19
Read books that I have been meaning to read or
already own
5 Spend time with children/grandchildren 20
De-clutter my house and get rid of stuff that no
longer serves a purpose
6 Foster relationships with my relatives 21
Do something challenging like parasailing, bungee
jumping
7 To be closer with my siblings 22
Sleep on a beach and watch the sun rise with my
spouse/family
8 To have a pet both my spouse/family and I love 23 Organize and date all photos
9 Maintain social network 24 Learn how to do housekeeping
10 Look up old friends / renew old friendships 25 Fill up my iPod with all kinds of music and books
11 Do voluntary work 26
12 Do crossword puzzles/Sudoku, etc 27
13 Go to a spiritual retreat 28
14
Find people that have common interests and
befriend them
29
15
Make a list of all the movies you want to see, and
watch them
30
How to spend Your Time

Life Long Learning is about a
learning continuum and an
ongoing acquisition of
knowledge and skills throughout
your life
Life Long Learning is in
preparation for, and in response
to, the different roles, situations,
and environments that you will
encounter in the course of your
lifetime
In short, Life Long Learning is
“Learning Forever”
Life Long Learning
Personal Development

 Commit to pursuing own learning and
development needs
 Invest time, energy and resources
required to develop own potential
 Always have a book to read when you
have the time
 Develop a “To Learn List”
 Get more intellectual friends
 Learn in groups
 Teach others
 Unlearn assumptions
 Start a project
 Follow your intuition
Life Long Learning

1 Go back to college/university 16
Forgive myself for the mistakes I have made and
move forward
2 Learn to use the computer and simple programs 17 Make amends to the people I have hurt
3 Learn to surf the internet 18 Be in a book club
4 Able to look in the mirror and not criticize myself 19 Take part in a dance or karaoke competition
5 Keep a journal and work in it everyday 20 Conquer my fears eg of heights
6 Start a personal blog and keep it up to date 21 Listen more, talk less
7 Perform haj / umrah 22 Learn to start and use a monthly budget
8 To take voice lessons 23 Overcome fear of public speaking
9 Learn to take great photos 24 Start to network socially or online
10 Learn to read music 25
Be more knowledgeable about events in my
country/world
11 Learn to play a musical instrument 26
12 Learn/Improve how to cook 27
13 Learn how to meditate 28
14 Learn how to draw and paint 29
15 Love my spouse/family more everyday 30

Just the closing of
one door of
happiness
Retirement from
your present
Employer is. . .
Another door of happiness
opens, but often we look so
long at the closed door that
we don't see the one which
has been opened for us
Next Career Move

Retirement will indeed no longer
signal the end of working, but
more so a career and lifestyle
transition, where the retiree has
multiple options
Continuing to work
(though perhaps at a
different pace) Returning to classes
for additional
training/education
Changing careers
Venturing into
entrepreneurship
Becoming involved
in volunteer work
Simply enjoying
leisure and travel
possibilities
Next Career Move
In short, it's a mix of working, learning, relaxing, and trying new things

Use the MPS Process
Using MPS Process, ask yourself three crucial questions:
The MPS Process was created by Harvard professor and best-selling author,
Dr Tal Ben-Shahar, and was published in his book, "Happier.”
 What gives me
PLEASURE?
 What gives me
MEANING?
 What are my
STRENGTHS?

Use the MPS Process
The MPS Process was created by Harvard professor and best-selling
author, Dr Tal Ben-Shahar, and was published in his book, "Happier.”

1 What are your skills?
2 What can you do?
3 What can't you do?
4 What fields would you like to work in?
5 What lifestyle do you want to have?
6 Do you want to work from home?
7 Do you want to travel as part of your career?
8 Do you want to work in a structured setting like an office?
9 Would you rather work for yourself?
10 What salary fits your needs?
11 How much money do you need to live now, and when you retire?
12 Can you take a pay cut?
13 If so, how much of a pay cut would you be willing to take?
Choose a career you can enjoy, not just a new way to make money
Discover Your Strengths & Weaknesses

1 Have my art published 16 Conduct skills training
2 Write my book 17 Conduct life-long learning classes
3 Start / reorganize my own business 18
Work with or assist respected
trainers/coaches/educationalists
4 Do part-time work 19 Write poems
5 Monetize your blog 20 Conduct coaching workshops for teens
6 Become more involved in my community 21 Start educational classes for children
7 Do charity work 22 Write articles for newspapers/magazines
8 Teach younger people important lessons in life 23 Present as speaker at conferences
9 Sell something on eBay, lelong.com 24 Be a trained counselor for humanitarian work
10 Give dancing/singing/yoga classes 25 Adopt / sponsor a child
11 Assist family/friends to run their business 26
12 Ferry children to kindergarten, school 27
13 Give religious classes 28
14 Make some income from doing something I love 29
15
Get involved /volunteer at children's school
activities
30
Next Career Move

Prepare your
Personal Retirement
Plan for a healthy,
secure and fulfilling
life upon retirement
YOUR BEST DAYS
ARE AHEAD OF
YOU!!!
My Retirement Plan

My Life’s Purpose
1.
2.
3.
4.
5.
Action Plans - Self When
1.
2.
3.
4.
5.
Action Plans - Social When
1.
2.
3.
4.
5.
Action Plans - Family When
1.
2.
3.
4.
5.
Action Plans - Career When
My Personal
Branding
1. 3.
2. 4.
My Personal
Values
1. 3.
2. 4.
My Retirement Plan

Life’s Purpose
My Personal Branding
My Personal Values
My Personal Retirement Plan
2
1
Name :
photo
MY
PERSONAL
RETIREMENT
PLAN
Name :
Date Prepared :
The Book of My Life

Action Plan Start End Help
1.
2.
3.
4.
1.
2.
3.
4.
Self
My Personal Retirement Plan - Action Plans
4
3
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Family
1.
2.
3.
4.
5.
My Personal Retirement Plan - Action Plans
Social
Career

Specific
Attainable
Measurable
Enjoyable
Use “SAME” Principle (instead of SMART)

 Why do I exist?
 How can I make a difference?
 How can I be remembered?
 How can I add value to the lives of
others?
 What legacy I leave behind?
 How do I want to live?
 What is most important to me?
 What is my deep driving desire?
My Life’s Purpose

 To be remembered as someone
who cared for my family and close
friends
 To be a positive influence to others,
through God's will
 To live peacefully with people
around me
 To be respectful and take care of
my parents
 To provide help and assistance to
the poor and needy
My Life’s Purpose - Examples

How do I “package” or
“position” myself so as to add
value to my family and others?
How do others view, label or
think of me ?
How do I market myself to
others?
My Personal Branding

1. Positive
2. Inspiring
3. Knowledgeable
4. Leader
5. Organized
6. Dedicated
7. Loyal
8. Aggressive?
9. Corrupted?
10. Demanding?
11. Unreasonable?
12. Careless?
13. Unreliable?
14. Egoistic?
My Personal Branding - Examples

 Your personal values are the
things that you believe are
important in the way you live
and work
 Personal Values are a person's
driving force and influence
their actions and reactions
 What are my personal qualities,
standards and principles?
 What do I value most?
My Personal Values

Integrity Caring
Respect Credibility
Teamwork Excellence
Accountability Efficiency
Courage Competency
Ethical Respect
My Personal Values - Examples

List of Personal Values
Accountability
Accuracy
Achievement
Adventurousness
Ambition
Assertiveness
Balance
Being the best
Belonging
Boldness
Calmness
Carefulness
Challenge
Cheerfulness
Clear-mindedness
Commitment
Community
Compassion
Competitiveness
Consistency
Contentment
Continuous
Improvement
Contribution
Control
Cooperation
Correctness
Courtesy
Creativity
Curiosity
Decisiveness
Democraticness
Dependability
Determination
Devoutness
Diligence
Discipline
Discretion
Diversity
Dynamism
Economy
Effectiveness
Efficiency
Elegance
Empathy
Enjoyment
Enthusiasm
Equality Excellence
Excitement
Exploration
Expressiveness
Fairness
Faith
Family-orientedness
Fidelity
Fitness
Fluency
Focus
Freedom
Fun
Generosity
Goodness
Grace
Growth
Happiness
Hard Work
Health
Helping Society
Holiness
Honesty
Honor
Humility
Independence
Ingenuity
Inner Harmony
Inquisitiveness
Insightfulness
Intelligence
Intellectual Status
Intuition
Joy
Justice
Leadership
Legacy
Love
Loyalty
Making a difference
Mastery
Merit
Obedience
Openness
Order
Originality
Patriotism Perfection
Piety
Positivity
Practicality
Preparedness
Professionalism
Prudence
Quality-orientation
Reliability
Resourcefulness
Restraint
Results-oriented
Rigor
Security
Self-actualization
Self-control
Selflessness
Self-reliance
Sensitivity
Serenity
Service
Shrewdness
Simplicity
Soundness
Speed
Spontaneity
Stability
Strategic
Strength
Structure
Success
Support
Teamwork
Temperance
Thankfulness
Thoroughness
Thoughtfulness
Timeliness
Tolerance
Traditionalism
Trustworthiness
Truth-seeking
Understanding
Uniqueness
Unity
Usefulness
Vision
Vitality

Financial Planning 1. Create a budget
2. Organize your finance
3. Savings Plan
4. Improve your credit score
5. Financial emergency
6. Eliminate credit card debt
7. Early loan settlement
8. Retirement Planning
9. Investment
10. Insurance
11. Estate Planning
12. Education
Action Plans - SELF

Financial Planning
EXAMPLES
1. Save a certain sum for my retirement
2. Buy a bigger house
3. Settle all my loans
4. Save enough funds for my children’s
education through university
5. Accumulate for my emergency fund
6. Choose a regular savings and
investment plan
7. Purchase appropriate types & amounts
of insurance coverage
8. Make a will and estate plan
Action Plans - SELF

PERSONAL
WELLNESS
PHYSICAL
ACTIVITY
PERSONAL
HEALTH
NUTRITION
MENTAL
Wellness Wheel
Wellness
Action Plans - SELF

1. Body Mass Index (BMI) level
2. Frequency of medical check-up
3. Key health readings - pressure,
sugar, cholesterol
4. Stress level
5. Happiness level
6. Hours of exercise per week
7. Mental health exercises to boost
thought process
8. Balanced diet - healthy eating
habits & supplements
Wellness
Action Plans - SELF

 Emotional intelligence is the
ability to manage our emotions
and those of others
 Our emotions affect how we
think and act
 Our emotions affect others
 In your personal life, your
reaction to stressful situations
might be to start shouting,
cursing or getting angry
Managing your
Emotions
Action Plans - SELF

 These types of behavior could
seriously harm your
professional reputation, as well
as your productivity
 The most common negative
emotions experienced are:
 Frustration/irritation
 Worry/nervousness
 Anger/aggravation
 Dislike
 Disappointment/unhappiness
Managing your
Emotions
Action Plans - SELF

1. Love
2. Affection
3. Time
4. Happiness
5. Care
6. Appreciation
7. Family activities
8. Home
9. Food
10. Encouragement
11. Security
12. Safety
13. Car
14. Holidays
15. Rewards
16. Pocket money
1. Love
2. Affection
3. Time
4. Happiness
5. Care
6. Appreciation
7. Family activities
8. Trouble free
9. Cleanliness
10. Tastiness
11. Thrifty
12. Understanding
13. Trust
14. Loyal
15. Demanding
16. Independent
me family
FOR THE FAMILY FROM THE FAMILY
Action Plans - FAMILY

 Amount of contributions raised/made to
charity
 No. of hours of voluntary/community service
 Help associations for people with disabilities
 Pints of blood donated
 No. of children adopted
 No. of students sponsored for further
studies
 No. of traffic offences committed
 Teach life skills for free
 Recycling
 Pay tax promptly
 Register as an organ donor
Social
Action Plans - SOCIAL

 Be the expert - never stop
perfecting your trade
 Set realistic, achievable career
goals for yourself
 Learn through your mistakes and
never allow the fear of making one
hold you back
 Have an open mind and learn to
embrace the corporate culture
 Maintain a positive attitude even in
moments of stress - makes you
appear confident and in control
Career
Action Plans - CAREER

 Never give up on a task -
learn to readjust your
approach when necessary
 Find a mentor to advise and
counsel you
 Broaden your circle of
influence and network of
contacts
 Work smart
 Be passionate
Career
Action Plans - CAREER

3 things you CAN'T do if you hope to have a happy
and contented retirement
1. MAINTAIN A STATUS QUO
Life-as-usual mindset. If you do not eliminate fear, uncertainty and doubt from your
life... and replace it with a true "Ageless Explorer" mindset, there is no possible way
to have a happy and contented life. Believe that you can and you will. Simply take
the actions winners take.
2. WISH AND WAIT FOR THINGS TO CHANGE
It's not that times are changing. It's that times have already changed. If you do not
find a way to grow in this brutal environment... any hope for success will die on the
vine with you. The key is to embrace this change and grow with the flow.
3. GO IT ALONE
If you attempt to achieve your hopes and dreams on your own, you could loose all
hope and find yourself in the self-fulfilling prophecy of turning GLOOM into DOOM.
You need your family, close relatives and close friend to help and guide you along.
3 Things You Can’t Do

Contact : yewyip@gmail.com
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