Retirement planning vssc

Views:
 
Category: Others/ Misc
     
 

Presentation Description

No description available.

Comments

Presentation Transcript

Welcome

Slide 2: 

RETIREMENT PLANNING BY DR.R.PRAKASH

You are NOT OLD UNTIL YOU HAVE LOST ALL YOR MARVELS - Anonymous : 

You are NOT OLD UNTIL YOU HAVE LOST ALL YOR MARVELS - Anonymous Whatever your years there is in every being’s heart the love of wonder, the undaunted challenge of events, and an unfailing child like feel or ‘what next” on the job and in the game of life.

Slide 4: 

You are as young as your faith,as old as your doubts; as young as your self confidence, as old as your fear; as young as your hope ,as old as your despair. In the central place of your heart, there is a recording chamber. So long as it receives messages of beauty, hope, cheer, and courage, so long are you young

“Retirement can be an exciting : 

“Retirement can be an exciting but may present new problems and challenges Some may feel stressed changes in personal relationships spending more time together with a partner; or maybe a loved one has fallen ill or passed away

Enjoy it don’t endure it : 

Enjoy it don’t endure it “It’s really about choices,” says Alan Furnish, course leader at the Teachers’ Retirement Agency. “There are hundreds of routes to choose from because there is no one way to spend retirement..”

FAIL TO PLAN, PLAN TO FAIL : 

FAIL TO PLAN, PLAN TO FAIL MANAGE CHANGE Change is the only thing that is not having change

Retirement : 

Retirement is a poorly understood life event which often signals the onset of old age. Adjustment may be difficult for many reasons, There is little empirical support for the view that retirement results in premature physical and/or psychological deterioration.

Coping : 

Coping Flexible individuals who have derived satisfaction from many sources throughout life will do best in retirement. People who are rigid and for whom work provides an identity may be expected to experience difficulties..

'Crisis' theory : 

'Crisis' theory 'Crisis' theory regards life events like retirement as crises-states of temporary disequilibrium, manifested by uncertainty psycho-physiological symptoms and emotional distress.

Phases of crisis : 

Phases of crisis .A sequence of impact, recoil-turmoil, adjustment and reconstruction. .

Impact : 

Impact is a state of dazed shock accompanying the assimilation of distressing news.

Recoil-turmoil : 

Recoil-turmoil is a period of intense negative emotion as the full impact of the inevitable loss involved with every change sinks in

adjustment and reconstruction : 

adjustment and reconstruction the individual begins to feel hopeful about the future and ready to make new attachment

Low vulnerable : 

Low vulnerable Individuals having "the capacity, similar to ego strength, to orient themselves rapidly and plan decisive action in response to change. "

High vulnerable : 

High vulnerable "become rapidly disoriented when confronted with change. May experience paralysis of thought or will, unable to plan action or seek assistance".

ROLE Conflict : 

ROLE Conflict When a person retires, the role of worker is relinquished. For some people, this role has been the single most important aspect of their adult identity. In many instances loss of self-esteem and feelings of usefulness.

How we see it? : 

How we see it? Retirement may also be seen as a loss-of income, occupation, status identity and partial loss of opportunities for socializing.

Theories of adaptationto retirement : 

Theories of adaptationto retirement Activity theory Disengagement theory

Activity Theory : 

Activity Theory 1. Giving up work will involve a sense of loss. 2. The focus for this sense of loss will differ from person to person.

Activity Theory : 

Activity Theory 3. For satisfactory adjustment in retirement the individual must substitute some other activity for work, and receive the same satisfaction from it. 4. This substitution involves replacing one set of activities by another.

Disengagement Theory : 

Disengagement Theory inevitable process many of the relationships between a person and other members of society are severed, And those remaining are altered in quality

Accommodationtheory : 

Accommodationtheory adjustment begins when the individual first considers retirement and abates when the individual has achieved a new distribution of his energies in non-work roles and new modes of behavior.

Phases : 

Phases Retirement is seen rather as a process beginning long before the individual leaves the work force and continuing until death.

The remote phase : 

The remote phase is the recognition of retirement as part of one's occupational career. During this phase retirement is viewed at a reasonable distance in the future.

The near phase : 

The near phase . is the time close to retirement, when the individual becomes aware of its realities.

The honeymoon phase : 

The honeymoon phase phase gives the individual time to adjust to newly acquired freedom of time and space.

The disenchantment phase : 

The disenchantment phase Occurs as the individual begins to cope with losses such as inadequate income, failing health and loss of friends.

Phases of reorientation and stability : 

Phases of reorientation and stability involve acceptance of retirement and the establishment of a routine, stable life.

The termination phase : 

The termination phase is the period of disabling illness ending in death.

Adjustment factors : 

Adjustment factors Attitude toward work, expected retirement income, the extent of achievement of ambitions in work, health status and uncertainty or fear of the unknown

ATTITUDE : 

ATTITUDE Retirement can be bliss or hell, depending on how carefully you have prepared for the precious years after your work life has come to an end.

Slide 33: 

ATTITUDE IS EVERY THING !

THE ICEBERG : 

THE ICEBERG HOW MUCH DO YOU SEE OF AN ICEBERG?

THE ICEBERG : 

THE ICEBERG ONLY 10 OF ANY ICEBERG IS VISIBLE. THE REMAINING 90% IS BELOW SEA LEVEL.

THE ICEBERG : 

THE ICEBERG SEA LEVEL 10 % 90 % VISIBLE ABOVE SEA LEVEL INVISIBLE BELOW SEA LEVEL

THE ICEBERG : 

The Iceberg phenomena is also applicable on human beings … THE ICEBERG

THE ICEBERG : 

THE ICEBERG SEA LEVEL KNOWLEDGE & SKILLS ATTITUDE UNKNOWN TO OTHERS KNOWN TO OTHERS

THE ICEBERG : 

In other words, THE ICEBERG

THE ICEBERG : 

THE ICEBERG SEA LEVEL BEHAVIOR VALUES – STANDARDS – JUDGMENTS ATTITUDE MOTIVES – ETHICS - BELIEFS KNOWN TO OTHERS UNKNOWN TO OTHERS IMPACT

WHAT MAKES YOUR LIFE 100% ? : 

WHAT MAKES YOUR LIFE 100% ? = = = = 82 96 98 100 Let each letter of the alphabetic has a value equals to it sequence of the alphabetical order:

Slide 42: 

ATTITUDE Positive mental attitude /proactive Willing to lead by examples Willing to adapt to different situations and people Caring for the growth and development of group members Open minded and receptive to new ideas

PREPARATIONS : 

PREPARATIONS FINANCIAL PRECAUTIONS PHYSICAL PRECAUTIONS MENTAL PREPARATION

THE CHALLENGE : 

THE CHALLENGE The much longed for last day of work has arrived and the next morning, you feel nothing but gloom and doom. Your working routine has disappeared, the day stretches endlessly, nobody needs you, you are just old and useless. This sorry state of affairs can be avoided if you start early with your plans of what to do with your precious spare time.

TIME FACTOR : 

TIME FACTOR TIME IS ONE OF THE MOST IMPORTANT FACTORS OF RETIREMENT Procrastinating can exact a costly price when it comes to retirement planning As the saying goes time is money

Time is Life. It is irreversible and irreplaceableTo waste your timeis to waste your life : 

Time is Life. It is irreversible and irreplaceableTo waste your timeis to waste your life

TIME IS PRECIOUS : 

TIME IS PRECIOUS To realize the value of one year Ask a student who has failed in his exam To realize the value of one month Ask a mother who has given birth to a premature baby To realize the value of one week Ask an editor of a weekly To realize the value of one day Ask a daily wage labourer Time Management 47

TIME IS PRECIOUS : 

TIME IS PRECIOUS To realize the value of one hour ask the lovers waiting to meet To realize the value of one minute ask a person who just missed the train To realize the value of one second ask one who survived an accident To realize the value of one millisecond ask a person who lost a medal in a fast race 48

Slide 49: 

The reasonable man adapts himself to the world The unreasonable one persists in trying to adapt the world to himself Therefore, all progress depends on the unreasonable man !!! George Bernard Shaw (1856– 1950)

Slide 50: 

Time is the scarcest resource of the manager; If it is not managed, nothing else can be managed. Peter F. Drucker THEORIES : THE 80/20 RULE

What Do We Do With Our Lives : 

What Do We Do With Our Lives A 70 year old spend : 27 years sleeping 3.3 years eating 5 months waiting at traffic lights 8 months opening unwanted mail INTRODUCTION

Slide 52: 

What Do We Do With Our Lives Spend 1 year looking for misplaced objects 2 years attempting to return phone calls 4 years doing housework 5 years waiting in lines 13.8 years working INTRODUCTION

Balance Your Life : 

53 Balance Your Life Balance in life is important Recognize each aspect of life is important I am not getting enough time for family/personal life because of work 80% of time is spent on work Health Work Family Finance

BE AWARE OF THE MOMENT : 

BE AWARE OF THE MOMENT “ Whatever you are doing now, this is your reality, and you should not try to escape it. You should place your awareness on the Here and Now, not at some indefinable time in the future”

SEIZE THE MOMENT : 

SEIZE THE MOMENT

Illustrations : 

Illustrations HOW much time for learning Martial arts? The flying Horse FAMILY(Father And Mother I Love You ) School girl with a painting

Is the JAR full? : 

Is the JAR full?

Is the JAR full? : 

Is the JAR full?

Is the JAR full? : 

Is the JAR full?

The Big Rocks of Life : 

Time Management 60 The Big Rocks of Life What are the big Rocks in my life?

HOBBIES : 

HOBBIES Develop a hobby whilst you are still working. Everybody has an interest in something and after retirement you can dedicate more time to an occupation you really love. If you can, travel. Go to the places you always wanted to see. If you feel insecure, travel with a group.

Enroll in a language course…. : 

Enroll in a language course…. Nobody is ever too old to learn something new. Join clubs, associations and look out for charity and volunteer work. Seek out the company of young people, they in turn will keep you young and active.

Slide 63: 

Make Each day a celeberation

Slide 64: 

BE A KID AGAIN

Slide 65: 

EXPAND YOUR HORIZONS

Slide 66: 

LIST FIVE OF YOUR STRENGTHS

Slide 67: 

HELP SOME ONE WITHOUT TELLING THEM

Slide 68: 

CHANGE SOMETHING ABOUT YOURSELF

Slide 69: 

ACCOMPLISH SOMETHING SMALL THAT YOU HAVE BEEN AVOIDING

Slide 70: 

TALK WITH A GOOD FRIEND

Slide 71: 

GET SOME REGULAR EXERCISES

Slide 72: 

“RELAX VEV

Slide 73: 

THANK YOU THANK YOU D

Slide 74: 

Dr.R.PRAKASH Professor Kerala agricultural university College of Agriculture Vellayani.P.o Thiruvananthapuram 9446331825(m) THANK YOU

authorStream Live Help