It's far more impressive when others discover your good qualities without your help.

~ Judith S Marin ~

What’s Wrong With The Fifteen Minute Retirement Plan?

May 25th, 2012 ~ Est. reading time: 2 mins, 5 secs

I definitely need more than fifteen minutes to plan out my future.

On the face of it, the prospect of the fifteen minute retirement plan sounds tantalizing. Simply give yourself fifteen focused minutes to sort out your entire retirement future. This at least appeals to our lazy bone. After all, the whole prospect of retiring can be a little hard to handle, can’t it? Which is perhaps why so many of us bury our head in the sand on the matter. Forget about it and, hopefully, it’ll sort itself out.

Actually, that’s right. Retirement comes, one way or another, whether we think about it or not. Trouble is, if left unprepared, it promises to be a rough ride. Focusing on finances, investment managers desperately attempt to get our attention. So the fifteen minute retirement plan tries to get us thinking about this important aspect of planning. But is that enough? What do you really need to live well when you’re older?

There is more to a good life than whether you can pay your bills and afford the odd trip. Certainly, these things matter. But if that’s all there is to it, then there’s something seriously missing. A fifteen minute retirement plan cannot possibly do your future justice.

That’s why I’ve provided a few ideas to add to the mix. They’re merely teasers to open the conversation about what your future needs:

  • What fulfills you? Are you happy doing what you do? If so, can you keep on doing it as you ripen and mature?
  • Have you got plans? What are they exactly, and how will they occupy your time? The old saying, “retire Friday, stroke on Monday” has substance. The reason? Well, without something definite and structured to participate in people have less to live for. Getting through this dangerous transition safely relies on a robust plan of action. Meaning, watching TV and observing the flowers aren’t enough.
  • What do you plan to contribute? The more you can give back to others in life, the more empowering and satisfying life becomes.
  • What will you do to manage your health? Sitting around won’t prolong your life. So getting into a healthier routine makes sense well before you retire. Then, continue as you began. That way, with the benefit of better health, you can enjoy far more.
  • But what if you do have health issues? What needs can you envisage? When factoring potential disability needs, decisions based on a fifteen minute retirement plan would be woefully inadequate.

Yes, there’s so much more to consider, and money is just the beginning. But whatever you choose to do, start. Start tomorrow to prepare for a beautiful life ahead, living well and sharing more than you do today. Forget the fifteen minute retirement plan proposal. You are far more important than that. Give yourself time to reflect, discuss, and write down some strategies for the road to come. Do it now. Because the journey ahead will be infinitely more satisfying if you select your direction.


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