
The Four Phases of Retirement - Part 2, based on the work of Dr. Riley Moynes.
11/08/24 • 29 min
During our last podcast we introduced you to Dr. Riley Moynes and his powerful research on the topic of the Four Phases of Retirement. We covered the first two phases, 1) The Vacation Phase, and 2) Disillusionment. We went from the honeymoon phase of retirement where we were delighted to throw away our alarm clock, travel, and enjoy sitting around and doing nothing. Then after 1-2 years, we enter Phase 2 filled with obstacles and challenges as we grapple with the magnitude of losses we experience, including our identity, structure, and relationships, which provided us with meaning and purpose in our life. In addition to experiencing these losses, we enter what Dr. Riley Moynes calls the 3-D’s, which are frequently experienced in this phase, which are a) Decline, b) Depression, and 3) Divorce.
These challenges can either take us down or provide the stimulus for finding a solution. We come to grow from this experience. Our quest is to make the most out of this phase of our life by addressing the question, “What can I do to keep getting me up in the morning and discovering what I can do to provide me with meaning, satisfaction, and a sense of accomplishment?” We enter Phase 3, that of Rapid Experimentation. Here we experiment with a number of new ideas, from volunteering, to learning a new language, taking an art class, and more. We create a new structure that provides us with new relationships, meaning and purpose. According to Dr. Riley Moynes, only about 65% move through Phases 2 and 3.
For those that are successful in Phase 3, we then enter Phase 4, where we Reinvent and Rewire. This is the most satisfying phase since we find new meaning and purpose and discover one common element that gets us there.
Whether you are retired, approaching retirement, or in mid-life where you realize the opportunity to educate yourself on this stage in life to better prepare for it. Sit back and enjoy the education, tips and ideas to squeeze all the juice out of your retirement.
During our last podcast we introduced you to Dr. Riley Moynes and his powerful research on the topic of the Four Phases of Retirement. We covered the first two phases, 1) The Vacation Phase, and 2) Disillusionment. We went from the honeymoon phase of retirement where we were delighted to throw away our alarm clock, travel, and enjoy sitting around and doing nothing. Then after 1-2 years, we enter Phase 2 filled with obstacles and challenges as we grapple with the magnitude of losses we experience, including our identity, structure, and relationships, which provided us with meaning and purpose in our life. In addition to experiencing these losses, we enter what Dr. Riley Moynes calls the 3-D’s, which are frequently experienced in this phase, which are a) Decline, b) Depression, and 3) Divorce.
These challenges can either take us down or provide the stimulus for finding a solution. We come to grow from this experience. Our quest is to make the most out of this phase of our life by addressing the question, “What can I do to keep getting me up in the morning and discovering what I can do to provide me with meaning, satisfaction, and a sense of accomplishment?” We enter Phase 3, that of Rapid Experimentation. Here we experiment with a number of new ideas, from volunteering, to learning a new language, taking an art class, and more. We create a new structure that provides us with new relationships, meaning and purpose. According to Dr. Riley Moynes, only about 65% move through Phases 2 and 3.
For those that are successful in Phase 3, we then enter Phase 4, where we Reinvent and Rewire. This is the most satisfying phase since we find new meaning and purpose and discover one common element that gets us there.
Whether you are retired, approaching retirement, or in mid-life where you realize the opportunity to educate yourself on this stage in life to better prepare for it. Sit back and enjoy the education, tips and ideas to squeeze all the juice out of your retirement.
Previous Episode

The Four Phases of Retirement based on the work of Dr. Riley Moynes, with guest Heather Orengia
Are you interested in “Squeezing All the Juice Out of Your Retirement?” If so, this Podcast is for YOU!!
Dr. Moynes had a successful 20-year career as an educator before turning his talents to the financial services sector where he launched and grew a multi-city wealth management firm. He was a recipient of the Dalbar Financial Professional Seal as one of Canada’s most trusted financial advisors. Riley Moynes, now in an active retirement, talks on the topic of The Four Phases of Retirement and what to expect when you are retiring. He shares the good, the bad, and the ugly with sound advice on how to squeeze all the juice out of your retirement. He offers sound advice on how to smooth things out. The advice is dispensed in his descriptions of the four phases of retirement: vacation, loss, experimentation, and the reward.
Many have found his research and advice to be both relevant and eye-opening. A MUST for those preparing for and entering retirement. Personally, I found his his talks, workshops and commentary PROFOUND and a match to what my own experience entering retirement was like.
Heather and I continue our focus on retirement and will use this podcast to share the highlights of Dr. Moynes work along with my own experience and how I used his advice to be squeezing all the juice out of my active retirement.
Next Episode

Confronting Our Mortality Part 1: We Are All Going To Die, So Let’s Learn About It
My life's research on the topics of Human Development and Human Potential culminated in the above framework. It has been nationally recognized for its simplicity and providing a structure for those aspiring to become their full potential.
The 3 stages of growth are outlined in the above image. This was the topic of my initial podcasts, providing an overview of the stages to becoming our full potential. We initially come to understand our personality and identify those aspects of self that need to be addressed so that we can survive and then thrive with the everyday roles and responsibilities we have in life. This is the 1st stage of "Personal Growth". The 2nd stage, "Self-Discovery", allows us to take that hard look in the mirror to question who we want to be in this life, along with our beliefs and values that we want to stand for. The 3rd stage, for those called to understand the deeper meaning of life and beyond, and how they fit in, is the 3rd stage of growth, "Enlightenment" or "Self-Transcendence".
This podcast is a great follow to my recent series on retirement, which is the stage where we more actively confront death and our own mortality. Here we confront our mortality, an essential ingredient to remind ourselves that time is our precious resource that will indeed run out and becomes our motivation to strive to be all we can be. Only a handful out of every hundred or so individuals muster up the courage and drive to enter the 3rd stage of development. However, everyone will enter this stage as we confront the end of our life, our death. This was captured well in Elisabeth Kübler-Ross' book, "Death: The Final Stage of Growth". Unfortunately our societal attitude towards death is largely avoidance, which limits the most amazing growth opportunity for those dying along with their friends and family.
According to Psychology Today: "Whether we like it or not one of the only sure fire things in life is that we are all going die. It is one of the subjects that we in the West are discomforted by, embarrassed about and that many of us avoid and this includes avoiding the people who are experiencing grief or who are dying. We don’t talk about death. We talk about sex, drugs and money. We teach our children about these subjects but we don’t talk about death and dying. Death was so common in the 19th century that it was readily addressed. People wore black if they were in mourning and were treated accordingly. If people were dying they planned their funerals with their family and everyone knew to express their condolences if they came across someone who was bereaved. It seems we’ve got out of the habit and the subject has become taboo." https://www.psychologytoday.com/us/blog/handy-hints-for-humans/201703/we-need-to-talk-about-death
Is this a key reason that we find so few enlightened individuals here in the US as compared to places like India, where death is not hidden, but instead revered and celebrated? What is the benefit you ask to be talking about death? That we accept it as a part of life and come to understand it so that we can better deal with these times with our loved ones and ultimately our own demise. And with the resources available to us today on this topic, we can find peace, comfort, and even an understanding of death so that we are no longer afraid. This is the ultimate growth we can experience as a part of the Enlightenment stage!
I experienced death at a young age when my mother died from cancer when I was only 14. No one helped me to deal with this traumatic ordeal at such a young age. I returned to school only to experience everyone avoiding me. I felt lost and confused. It was an incredibly lonely experience. Years later I was drawn to volunteer opportunities that all shared death in common. I volunteered at a children's oncology camp, as an Emergency Medical Technician on a volunteer ambulance, overseas in areas where mortality rates were very high, and in the most profound experience in all, as a hospice care provider. Another profound opportunity to learn about death came from a close friend being crushed under his truck and pronounced dead on the scene, only to revive once he arrived at the hospital and having a most incredible near-death experience. I began to learn about death from multiple perspectives which healed the pain from my childhood experience and mostly, gave me peace and comfort about death and my own mortality. I wish that everyone could share these experiences and conclusions! Otherwise, our fear of death and our mortality has a profound impact on our life and can hold us back from fully experiencing life and becoming our own full potential. Confronting death can have this profound motivation.
In this podcast, I expand on these experiences and what I learned. This will set the stage to begin conversation about death and our mortality from various perspectives to hopefully help you to reconsider death and open yourself to more convers...
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