19 April 2024

6 Networking Tips for Retirees

#
Share This Story

Financial advisers will tell you it is critical that you enter retirement with both a financial plan and a plan that lays out what you will do every day. Otherwise, you could end up looking desperately for something to do. Or, you could be totally dependent on your spouse for your daily activities — which just might account for the rising divorce rate among Baby Boomers.

The key to that successful retirement is to make sure you have two plans — one a financial plan, and the other being what you will do for the rest of your life. And a big part of that latter plan is to make sure you stay connected.

When you technically retire from whatever it is you've been doing, it doesn't mean you retire from life, says George Fraser, 70, corporate networking guru and author of Click: Ten Truths for Building Extraordinary Relationships. Fraser says networking and staying involved is critical in every stage of your life. And it takes on added importance once you leave the workplace.

Fraser, who has 51,000 people in his network and has written and spoken on networking for 40 years, has six networking tips for retirees and pre-retirees.

1. Join retirement groups of like-minded people. Fraser suggests creating a business card with your name, address, e-mail address and that you are retired. Let people know what you've been doing and who you were doing it for. When they look at that card, they see that you are of value. They appreciate you for the elder statesmanship and wise counsel you bring in your subject of expertise.

2. Develop a networking system. Fraser says make five calls daily to friends or family (warning them you have only 10 minutes); contact five new friends, people you met through speaking engagements, church or other activities (usually by e-mail); and, lastly, make five introductions of people who need to know each other. These are good habits. If prior to retirement you have not developed them, it would help you greatly to maintain and fuel new and interesting relationships in your life.

3. Develop a regimen of retirement activities. Fraser says develop a regimen that includes social media on a daily basis for at least a half-hour, visiting websites such as AARP, LinkedIn or financial sites. You should do "casual contact networking" at an event where there are hundreds of people. The more active you keep your mind, the better you are in warding off Alzheimer's.

4. Develop new streams of income. Although you are retired, people should have an interest in developing new streams of income doing something that they love. It is also a way to keep your mind sharp and network with new people. But be careful, earned income may have an impact on your Social Security.

5. Do the things you were always too busy to do.  Learn about, dabble in and have fun with those things we were to busy to do while we were raising a family. Your life is consumed by that. The kids are gone and you're empty-nesters. It is a way to keep active in spite of retirement.

6. Read. Find book clubs. There are reading events at Barnes and Noble bookstores. Meet authors. Make new friendships and stay alive and vibrant and interesting. That's one of the key ideas around retirement and networking. If you are interested in things, it means you are interesting. The more interesting you are, the more people you attract.

Click here to access the full article on USA Today. 

Join Our Online Community
Join the Better Way To Retire community and get access to applications, relevant research, groups and blogs. Let us help you Retire Better™
FamilyWealth Social News
Follow Us