The theme for this week is: A strategic plan for retirement. Most well-run businesses have a strategic plan that outlines the company’s mission, vision, values & goals. It’s the roadmap for how a business will get from where it is today to where it wants to go.

When it comes to planning for retirement, many of us just start with our goals, without ever considering how those goals align with our mission, vision, and values.

So today, we’re diving in the first step of developing a strategic plan for retirement, drafting your personal mission statement and your vision. These 2 elements of your strategic plan are inter-connected, but they are NOT the same thing.

Let’s start with your mission. When creating your mission, a good way to think about this is to think outside yourself. What’s the impact you want to have on the world? How do you want to add value and meaning to the lives of others through your place in this world.

Here are some examples to get you thinking:

My mission is…

• To inspire positive change through teaching and coaching
• To grow in integrity, vitrue, and love in order to be a better person today than I was yesterday

Once you have your mission statement, you can move on to your personal vision statement. The idea is that you want to be bold and scare yourself a little here with your vision. Your vision should inspire the heck out of you!

My favorite term to describe how to articulate your vision is the BHAG - your big, hairy, audacious goal. Or to put it another way: “Aim for the moon. If you miss, you may hit a star”.

Your vision is more concrete than your mission statement, and it should capture a vivid picture of an outcome at a specific moment in time in your life. For example, when I am retired, I will...then paint a picture of what your life looks like - who you are, what you’re doing, where you’re living, etc.

That’s it for today! Thanks for listening. Tomorrow we’re going to talk about how to identify your core values and how you can incorporate those into your strategic plan for retirement.

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My name is Ashley Micciche and this is the One Minute Retirement Tip.

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