Episode 7: Sue Mintz of Retirementhood
Sue Mintz of Retirementhood joins me as we talk about her career journey from education and corporate to her current work with coaching clients on the non-financial aspects of retirement and her advice for dealing with change and seeing it as a gift and not a loss in many cases.
We also discuss the benefits and importance of doing this type of retirement planning, as well as client pitfalls and the changing definition of the retirement phase of life from one of withdrawal to one of staying active and engaged with life and continuing to work in some capacity. I conclude the show with the weekly “Reignition Recommendation” career tip.
[00:25] Welcome to Reigniting You™ where we talk all things career transition for those age 40+. Happy to be here with you and our producer, Eric.
[02:40] Welcome back to Reigniting You™ the show that focuses on all aspects of making mid-late career transitions. Thank you to our sponsor FranNet.
[02:52] Very happy to introduce our guest today, Sue Mintz. She offers guidance to retirees for planning for their new lifestyle through her business Retirementhood. Welcome to the show!
[04:03] Lisa asks Sue to share her career path. Started as a teacher – majored in special education and taught for many years. Worked in customer service – and in telecommunications for AT&T on mobility side and then did training work.
[07:40] What’s a lesson or two that you’ve learned along the way? Sue – finding what lights you up; important to recognize what your gifts and talents are and you have to chart your own course through developing meaningful relationships – mentors. Continue to learn, show who you are, promote your brand, keep developing yourself and let people know how they can help you.
[09:37] What was particularly helpful for you that got you through all those transitions? Sue – applied skills she learned by developing and using curriculum on adapting to change in her corporate role – understanding that change is a process. Helps to talk to people who’ve gone through people who’ve gone through similar changes and how they navigated it. Look at it as a gift and not everyone goes through change at the same pace.
[11:35] Has it also been your experience that we can struggle with change when we aren’t clear of the vision, are comfortable in status quo, or don’t know what to do first? Sue – it has. We get in our comfort zones – it’s OK to ask questions and oftentimes, people don’t know the answer; be patient; don’t live in “pity city.” Need to find what will get us moving in the right direction.
[15:20] Much of the focus of preparing for retirement is on financial and estate planning. What are some of the benefits of also planning for the lifestyle or non-financial aspects of retirement? Sue – having money in the bank will help you sleep at night, not necessarily get you out of bed in the morning. Need to be financially fit and mentally, physically, and spiritually fit.
[17:16] With our current longevity and life spans, we know that a retirement phase can last upwards of 20-30 years. How can people plan for this third age of their lives in a way that’s not overwhelming? Sue – promote what we do as retirement coaches to focus on planning for what brings us purpose – retirement success factors – what satisfied us at work, our identity, social network, brand – all collapses. Important to think about how to replace those things when you retire and structure your day? Couples and families – need to have conversations – engage family for how the change will happen.
[19:35] What have you seen in your work with clients as pitfalls or common mistakes people make when they retire or are on the verge of making a transition into their third age that you think folks can avoid? Sue – not always conversations about expectations after I retire – who will do what and be dependent on me? Important to have a plan once you get out of work.
[21:18] Roles with high adrenaline – not have that rush or goals anymore – have you seen that? Sue – yes, I have – a friend who’s a nurse sees an increase in office visits with depression or physical issues. Not having structure can lead to physical and emotional issues.
[22:55] How do you see our notions of what retirement means as having changed over the years, given that’s it’s traditionally defined as withdrawing or fading away? Sue – there’s no expiration date – not the case that you have to retire at 65. People are retiring younger too or people want to continue to work – though a phased out program. Volunteering is skyrocketing and more retirees are doing things to promote their health – staying engaged.
[26:14] How can people find you? Sue – website: www.retirementhood.com, by email or by phone at 214-676-1888.
[27:04] “Reignition Recommendation” for the week – share your career situation with people you know, like, and trust.
[27:43] Join us next Wednesday at 3:00 when it’s time once again for our Best Job/Worst Job episode with listener stories and career tips. Send an email or leave a voicemail at 360-436-6496 to share your story. Thanks for joining us and talk to you next week on Reigniting You™!