Power Up Blog
Thoughts & Musings on Retirement
My mom was a pretty special lady… #understatement
She always had a smile on her face, treated others with love and respect, saw the good in everyone and everything, and really enjoyed the simple things in life.
You could definitely say she’s my inspiration.
The “S” word is a very very bad word.
Yes, I’m talking about STRESS.
And for a lot of you, you may have spent the majority of your day today caring for everyone but yourself.
I know the other “S” word….self-care….can be a bit overused these days but honestly, caring for yourself and your needs is one of the best ways to manage stress, pre-retirement and during retirement.
By far, one of the biggest fears people have is that life will outlast money. Many people worry they won’t have enough money to live the life they want or will run out of money.
I am not a financial planner so I ethically cannot give you any advice. What I will do, however, is share with you what I have done to overcome this fear.
It used to be most Canadians shared an idea of what retirement looked like. You worked until you were 65 and then you punched your timecard and spent the rest of your days on the golf course, travelling the world or spending time with your grandkids. If you were lucky enough to have squirreled away more money, you might have quit your job five or even 10 years earlier than you planned.
In 2019, not so much. The definition of retirement is evolving and it’s now different for everyone. One person may be able to fully retire at 55 while others are working part-time after they’re 65.
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.
