Why retirement planning is different for women

It’s a question that’s been asked of me a couple of times lately. Without doubt robust retirement planning is critical for everyone and the earlier you commence the better, particularly in terms of the financial component. But what about the non-financial elements -things like social connection, health & wellbeing and relationship dynamics? Within these there do appear to be nuances that are specific to women, and I don’t mean in a Men are From Mars, Women are from Venus kind of way. It’s just that – nuances. This is not a bad thing, it is simply something that I believe is important to recognise and respond to in preparing for life after work.

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What If Retirement Isn't For Me...?

It may or may not be a surprise to you but not everyone approaching the age of retirement is actually planning to retire in the true sense of the word. Without a doubt there are many out there who can’t wait to hand in their swipe card and farewell their colleagues (or slip out as quietly as they can!), but there is an equal portion out there who don’t want to.  These people enjoy work – the structure, the camaraderie, the opportunity to utilise their skills and experience, the ability to keep learning, and even the challenges! There is no right or wrong and what works for one person will not necessarily create an exciting or satisfying reality for another. Key is knowing what is important to you as you approach the age of retirement.

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5 Tips to Support Your Mum into Retirement

Your mother is an amazing woman. When you were little she had the answers to everything – there was no one in the world who could possibly know as much as her. Perhaps only your dad… Have you noticed though, that as you’ve become older, the roles have gradually started to reverse. Sometimes you know a little bit more than her, or when it comes to technology you might know a lot more!

So what do you do when your mum starts talking about retirement, a stage in life which for many appears to be unchartered territory. There might be a little anxiousness as she starts asking herself, ‘What should retirement look like’, what I am supposed to do’?

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Focus: Retirement Planning – Is Your Financial Position Keeping You Awake at Night?

It’s an interesting thing. A number of women I speak with are worried about not having enough money to live comfortably in retirement and yet don’t know what their financial position is. They don’t know what is possible and whether they are under or over-estimating their fears. It’s no wonder there can be a sense of anxiety about transitioning into retirement! With this in mind, I sat down with Michelle Millsom, Authorised Financial Advisor and Director at Watermark Financial Services to find out what we, as women, can be doing to set ourselves up for our most financially comfortable retirement.

If a lack of financial awareness is niggling away at the back of your mind, read on as Michelle shares some great advice.

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Health Focus: How your GP can help as you prepare for life in retirement

We all know that it’s important to see your GP for regular check-ups and I’m pretty sure that there are plenty of us out there who think ‘I’ll make that appointment next week’ and suddenly six months passes before you realise that you still haven’t visited your GP. As the adage goes, prevention is better than cure and in this week’s blog Sunshine Coast GP Dr Ruth Nash shares her insight and tips into healthcare and ageing, along with some great services which you may not know your GP offers (often for free!).

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Is happiness really what we’re all after in retirement?

I posted a quote on my Facebook page recently “my only KPI should be am I happy” and interestingly it stimulated quite a lot of discussion! This was a quote was taken from a recent conversation with one switched-on and highly successful lady in which she was reflecting on workplace priorities coupled with the positive change us she anticipated in retirement. i.e. we get to focus on what is important to us rather than what motivates our bosses. This, however, raised a question with others - is it actually healthy to strive to be ‘happy’ (i.e. cheerful) all of the time?

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Planning for retirement – is it only about the money, money, money?

Long gone are the days of a short retirement kicking back in the recliner. People are living longer with the average life expectancy of women in Australia extending to 84.4 years and men to 80.3 years (Australian Bureau of Statistics, 2015).  When people start to think about retirement, they realise that they have another third of their life ahead of them. That’s a whole lot of living to be done!

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