Power Up Blog
Thoughts & Musings on Retirement
You know that feeling you get when someone leaves you a surprise note? 😃
It is a tiny bit of magic when someone tucks a note into a place they know you’ll find it.
It makes you feel like you are important enough to be thought of in advance – so much so that someone has considered how you’ll feel in the future and done something about it.
I say we can do that for OURSELVES too!
Look up! 👀
Ever notice that you look at your phone more than you want to? Ever look up and realize you got caught up in scrolling a little too much?
There is good reason for that. Software engineers are hired by handfuls of tech companies to keep high engagement levels in social media apps.
Turns out, it’s actually no mystery that notifications keep us opening apps over and over again.
Many people have no idea when their partner is going to retire. They just know their own date of retirement. 🎉
Since retirement is a HUGE change in someone’s life and will certainly impact a relationship, it’s important to find out what you’re each thinking.
The best action to take is to talk about it and there is certainly a lot to discuss such as:
People have told me that one of their fears about retirement is that their adult children will expect them to care for the grandchildren on a day-to-day basis or to change their plans at a moment's notice.
If this is a concern for you, then you need to think about whether or not this is something you want to do.
Once you are clear on what it is you want and are willing to do, have a conversation with your adult children around expectations and boundaries.
This may be an uncomfortable conversation for you to have. However, doing something you really don’t want to do has a cost on you and your relationship with your adult children.
Be honest with yourself and your adult children even if it means disappointing them. At the very least they will know where you stand.
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.
Canadians over the age of 65 are a giving bunch! They volunteer more hours and donate more money on average to the causes that are important to them than any other age group. That’s pretty cool. Check out this report.👇
https://www.reveraliving.com/about…/living-a-life-of-purpose
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?
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.
