Fears

Is long-term care insurance right for you?

Is long-term care insurance right for you?

No one has ever said to me, “I can’t wait to move into a long-term care home!” So I think it’s a safe bet to say that very few of us want to do so. e want to stay as independent as possible in our own home for as long as possible.  

If you take care of yourself as mentioned in an earlier blog, you can hopefully push back long-term care needs well into your senior years.

Whether you will need long-term care or not, there is no doubt however, that long-term care is expensive. Has this been factored into your overall financial plan?

What does financial stability mean to you?

What does financial stability mean to you?

Getting personal with you means showing you my humanness. I may have training and expertise to serve you with, but that doesn’t mean I’m without fears! 💜

One of my biggest fears is wondering if I’ll be financially stable in my retirement years. For me, being financially stable is knowing that I’ll have the money for the things I want to do.

How to avoid running out of money in retirement

How to avoid running out of money in retirement

Running out of money in retirement.

It’s a really scary thought.

It’s actually one of the biggest fears people have about transitioning into this next chapter of their lives.

Many people also worry they won’t have enough money to live the life they want.

And that right there folks is the reason why planning for retirement mentally and emotionally first, and then working with a financial planner to flesh out your plans even further, will help give you the bigger picture.

Fear of loss of health

Fear of loss of health

My health means everything and I am doing all that I can to be in the best shape possible so I can continue to have a great quality of life in retirement. 

If you want to have great health in retirement, but you haven’t donned track shoes since your last gym class; you don’t eat well, sleep well, take time to recharge your batteries, are often stressed, or are generally in poor health, then you are at a crossroads and you have an important decision to make.

How do you want to feel and what do you want to do in the second half of your life? 

Fear of having to go back to work

Fear of having to go back to work

Studies show that more and more retirees are either delaying their retirement past the age of 65 or going back to work. In 2015, StatsCan, found that 53.5 per cent of men and almost 39 per cent of women who were 65 reported working during the year.

Some reasons for delaying retirement past 65 or going back to work include - not ready to retire; don’t have enough money; bored; lonely; want to meet new people; want to keep busy; etc.

‘Most Common Fears About Retirement’ Series

‘Most Common Fears About Retirement’ Series

Are you one of the 400,000 Canadians who will be retiring this year? Are you 2 – 3 years away from retirement but have many fears about your retirement or retirement in general? If you do don’t worry you are not alone!

Retirement is commonly an emotional time. Whether it’s missing the ‘comfort’ of a schedule, loss of structure and routine, dealing with the loss of work relationships, or losing a sense of purpose, it’s common for people adjusting to retirement to experience a range of worries and fears.

The impact of the non-financial issues like social and psychological factors plays a HUGE role in a successful retirement.

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