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Retirement: Congratulations, You Have Been Promoted to CEO! The Habits of Highly Effective CEOs that are Necessary for Retiring Healthy, Wealthy, and Fulfilled!

By Terry Mulhern

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Pradip Halder

Reviewed on May 24, 2023

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In "Retirement: Congratulations, You Have Been Promoted to CEO Terry Mulhern

Synopsis

Most financial professionals believe retirement planning is all about financial planning. I disagree. I believe a comprehensive retirement plan must include mental health, physical health, financial health, and when you are ready, legacy planning.

I wrote this book so you would look at all aspects of your life, look into the future, and build a comprehensive plan. I also understand reading a retirement planning book will have no impact on your future unless you take action. That is why I created the companion workbook with exercises for each chapter.

The book is divided into three sections, Health, Wealth, and Legacy. Top CEOs understand the link between these three principles and build habits to ensure they implement all three. In the book, I will give specific examples of CEOs putting these habits into action and the effect it has on running their company. I want you to think of your retirement plan as the company you will be working for after you retire, 20, 30, or more years. Be an active CEO of your retirement plan. You are responsible for the success of your plan and implementing the habits of top CEOs that will greatly improve your odds of success.

In "Retirement: Congratulations, You Have Been Promoted to CEO!" Terry Mulhern presents a compelling and practical guide for CEOs and executives who are approaching retirement and seeking to retire healthy, wealthy, and fulfilled. The book combines Mulhern's extensive experience as a CEO with valuable insights from successful leaders who have transitioned into retirement successfully.

One of the book's key strengths is its focus on habits. Mulhern emphasizes the importance of developing and maintaining positive habits throughout one's career to ensure a smooth and satisfying transition into retirement. By adopting and consistently practicing these habits, CEOs can lay a solid foundation for a healthy, wealthy, and fulfilling retirement.

Mulhern addresses various aspects crucial for a successful retirement, including physical and mental well-being, financial planning, relationships, and personal fulfillment. Each chapter offers practical advice, supported by real-life examples and case studies, making the book highly relatable and actionable.

The author highlights the significance of maintaining a healthy lifestyle as a CEO and beyond. Mulhern provides insights into effective strategies for managing stress, improving sleep, and maintaining physical fitness. By prioritizing self-care and well-being, CEOs can ensure they enter retirement in good health, enabling them to enjoy their newfound freedom to the fullest.

Financial planning is another area that Mulhern delves into with great expertise. He emphasizes the importance of comprehensive financial planning, including investment strategies, estate planning, and managing income streams during retirement. By carefully managing their financial resources, CEOs can retire with financial security and peace of mind.

Furthermore, the book recognizes the value of nurturing and maintaining relationships both within and outside of the workplace. Mulhern explores how CEOs can transition from a position of authority to becoming mentors, advisors, or board members, allowing them to continue contributing and staying engaged. The author also offers guidance on building strong personal relationships and networks to support a fulfilling retirement.

Mulhern's writing style is engaging and accessible, making the book an enjoyable read. The content is well-structured, with each chapter building upon the previous one, creating a cohesive narrative that guides readers through the retirement journey. The inclusion of personal anecdotes and insights from successful CEOs adds a relatable and inspiring touch.

One minor drawback of the book is that it primarily focuses on CEOs and executives, which may limit its appeal to a broader audience. However, the principles and habits discussed can still be valuable to individuals in other leadership positions or those seeking a fulfilling retirement.

In conclusion, "Retirement: Congratulations, You Have Been Promoted to CEO!" is an invaluable resource for CEOs and executives approaching retirement. Terry Mulhern's combination of personal experience, expert advice, and practical tips makes this book a must-read for anyone aspiring to retire healthy, wealthy, and fulfilled. Whether you are a CEO or a high-level executive, this book will provide you with actionable guidance to navigate the transition into retirement successfully.







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