Advisors helping clients reinvent themselves in retirement

by Will Ashworth15 Jan 2016
Many Canadians are choosing to work past the traditional retirement age and often that means clients reinventing themselves in new careers, volunteer work, recreational pursuits, etc. Everyone’s different in how they bring about this change but no matter what clients decide to do in retirement to make their lives meaningful, advisors can definitely help.
According to Sun Life.  three out of five (60 per cent) Canadian workers now expect to work either full time (32 per cent) or part time (27 per cent) when they retire, compared with fewer than three out of 10 current workers (27%) who expect to be fully retired according to the 2015 Sun Life Canadian Unretirement Index.
Former NHL star Darrin Shannon knows a thing or two about reinventing one’s self; he’s now an advisor with Sun Life helping people with their wealth management and insurance protection needs.
Sun Life recently sponsored a new series Two Minutes to Transform, a collection of 24 videos in association with AOL featuring experts like astronaut Chris Hadfield, nutritionist Julie Daniluk and contractor and real estate investor/TV personality Scott McGillivray. Each expert has two minutes to share advice on things they have learned that has changed their lives.
In Shannon’s two-minute video he provides some simple ideas how advisors can help clients reinvent themselves.
“There is a preconceived image of retirement. It’s the older couple walking down the beach holding hands and if that’s you that’s perfect, but that’s not everybody,” says Shannon. “Retirement looks really different. Today’s retirees are more active, more connected, and looking forward to an opportunity to reinvent themselves in retirement.”
The question for most retirees, says Shannon, is what to do in this phase of their lives.
“Reinventing yourself in retirement can be done by adding a second career, learning a new skill, learning a new trade. All of those things are going to help with mind, body and soul,” says Shannon. “Even if it’s one day every six months or one day ever year, put some time aside and not just wake up at 65 and say, ‘Where the heck am I?’”