Two of the biggest fears for Australian Baby Boomers in preparing for retirement is coping with unplanned financial expenses and outliving one’s savings. Despite this many retirees don’t have a budget. They worry about money but don’t have a plan of action to counter that fear.
Why are we human beings so resistant to developing a budget? Read More
If your wildest dreams came true, where would you choose to live your retirement? Interestingly not all of us would choose to remain where we are even if it meant being further away from loved ones.
Whilst endless summers, brisk mountain air or simply living debt free may seem like nothing more than a pipe dream, a retirement abroad is becoming more common than you may realise. Read More
For many people, this end of the year will be more exciting than usual as not only is the festive season almost upon us but it signals their decision to retire as well. This might be you. You have saved well and are confident that your financial position will enable you to do all of those things you dream of when work no longer consumes your waking hours! But what about your health, have you prioritised your health in planning for retirement? Read More
There are a number of reports which indicate that retirement can have a negative impact on your mental health. That the loss of status, connection, identity and drive can lead to depression, and that this is particularly prevalent amongst men. This is not surprising given that retirement represents a significant life change and can result in much upheaval to life as we know it. It does, however, beg the question is the transition into retirement the sole catalyst for poorer mental health or is there something else at play? Read More
You’re great at what you do, and that is a fabulous attribute to possess. Your organisation is privileged to have you. The challenge, however, is that research has found that people who are naturally competitive and assertive during their career can experience greater difficulty in adjusting to the workplace. The very attributes that made them successful during their career are the same ones that can work against them in retirement... Read More
Our first priority when we think about retirement planning is ensuring that we have our financial stock in order. Your retirement portfolio might include savings, assets, investments and perhaps a plan to draw a pension. Without a doubt, robust and informed financial planning is critical to a successful retirement in that it positions you for greatest flexibility in terms of how you live your life after work. But it is not the only piece of the retirement readiness puzzle to consider. Read More
How old do you feel today? Younger or older than your driver’s licence says? As the old adage goes ‘you are only as old as you feel’ and this is particularly important when it comes to getting the most out of life in retirement. The people who feel productive, happy and content in retirement tend to be those who have a zest for life and feel young at heart. To them age is simply a number.
The research suggests that those who see themselves as old are more likely to experience declining health more quickly, both physically and psychologically, and thus lead a ‘smaller’ retirement. Read More
I came across this great quote in an article I read recently, “comparison is the thief of joy”. Too often we look at others and think ‘man, they have retirement sorted - just check out their updates on Facebook; a great house, strong relationship, busy social calendar, and regular holidays away...” We then turn inwards and a sense of envy develops.
The challenge is that we never truly know what is going on in another person’s life. What we see and hear is what they choose to share with us. And if you only worry about what others think or what you believe you are lacking, what are the wonderful things you missing out on in your own retirement? Read More
To the men out there! If you knew that yoga could benefit your retirement plans and goals, would you give it a go? Whilst it seems that almost every Gen Y-er and millennial owns a yoga mat and has a favourite class, there is much trepidation surrounding yoga for many Baby Boomers. Worries abound such as how to get your body to bend like that, what to do when you enter a class, and the ultimate fear of falling asleep and snoring! Men in particular tend to be sceptical, perhaps because they worry about looking silly or a little too much in touch with their feminine side.
Before you laugh it off, can I ask you to do a quick self-assessment – how’s your quality of sleep, what’s your mobility like and how easily does your body allow you to do your everyday tasks? If you toss and turn during the night or worry about how you are going to jump in and out of that 4X4, set up the camper trailer or take long hikes in retirement, yoga might be just the thing for you! Read More
Imagine not being afraid to think and talk about death. What difference would that make? Most likely it would mean that we each have a clear idea about what we want our end of life to look and feel like. For example what life-sustaining treatments we would like to receive if we were unable to speak for ourselves, and where we would like to spend our final days. Not only that, but our loved ones would be aware of, and respect, those wishes.
Let's get rid of the fear and sense of taboo and have these really important conversations. Why not start today? Read More
“Curiosity is one of the great secrets of happiness”
- Bryant McGill
Did you know that people who are interested in others tend to be perceived as interesting themselves (and thus the type of person who others want to spent time with)? Social connection is so important in retirement - ask questions, try new things and have fun! Read More
You’ve done everything right in planning for retirement. You have saved, seen a financial planner, and have a good sense of how you are going to spend your days. You intend to spend more time with the grandchildren, perhaps making up for the time you were not able to spend with your own children. And then you receive the phone call.... Read More
I was interviewed for an article by Over 60 and AustralianSuper and I'm thrilled to share it with you. What you can do to get your home 'retirement ready' - does your home reflect the things you want to do in retirement? I'm not talking a complete overhaul, just simple tips for enjoying the space you have. Read More
It’s disappointing when I hear people, be they young or old, who are bitter and complain about all of the things that are wrong in the world. For those who are nearing the retirement age, I hear things like “it was never like that in my day” or “my family don’t care, that’s why they never come to visit”. Despite all of the good in the world, life seems to be pretty miserable for them. But then there are people who seem to be 'living it up' and embracing all that life has to offer. What's the difference? Read More
One advantage that men have when it comes to retirement is that they are typically in a stronger financial position when compared with women. Without the expectation to take time out of their careers to raise a family or care for others, more often than not they have done all of the 'right' things; worked hard, looked after their family and have a healthy superannuation balance. They have the financial side of retirement planning sorted, but often haven't stopped to think about the non-financial aspects. For example what are they going to actually do with their days? There is only so much golf one can play, and what if you don't enjoy golf?! Read More