CBC’s The Stats of Life on Retirement

CBC’s The Stats of Life did an interesting episode on retirement.

We meet a 72-year-old widow who placed ads seeking like-minded women to form an “intentional community”; an 82-year-old woman who wants to do even more volunteering despite her failing eyesight; and a couple in their 60s who have planned every aspect of their retirement have one more thing to do – talk to their children about their end of life plans.

I would love to hear your thoughts on this episode.

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?

If the answer is that you want to be able to play with your grandchildren, travel, hike, live relatively pain free; and feel excited about your life, then you may need to make some changes NOW so that you can retire in relatively good shape. So, what can you do?

Here are a few tips to help you make some changes.

  • Check in with your Health Practitioner
  • Have regular checkups (yes guys, that means you too). Make sure you understand your test results – what is normal? Too high? Too low?
  • Discuss what changes you want to make – do you want to shed a few pounds; quit smoking, start exercising, sleep better; eat a healthier diet
  • Talk to your doctor about an exercise program and they can help you get started
  • Think about what kind of exercise you would like to do – it can be as simple as walking every day
    • you can visit your pantry and pull out a can of peas, so you can flex your biceps and triceps while watching TV
    • you can exercise with friends, join a land or water class at your local Y; or play a team sport (Pickle Ball anyone?)
  • It might even be worth your while to speak with a personal trainer –they can do an initial assessment, discuss your goals, and develop a fitness plan for you whether that’s exercising at the gym, at home or a combo.
  • Whatever you choose to do, what’s important is that you like what you’re doing and having fun!!
  • Eat a healthy, balanced diet – speak to Health Care Practitioner about this but you know what to do – cut back on the sugar, salt, unhealthy fat, red meat, alcohol, and increase your intake of veggies, fruits, nuts, seeds, healthy protein, healthy fats and water.
  • Get enough quality ZZZZZZZZZZZZZZZ’s to feel well rested
  • Keep stress at bay: Learn to deal with stress –
    • recognize your stressors and stress signals
    • take a few minutes for yourself every day – a relaxed cup of coffee / tea; a bubble bath; read a chapter: listen to music; or go for a walk
    • talk to someone close when you are dealing with an issue that is troubling you
    • develop some ways to decrease stress that work for you whether that is meditating, being more mindful or more resilient
  • If you are feeling overly stressed, anxious, overwhelmed, overcommitted, out of balance, feeling like you have little or no control over your life, or depressed, speak with your health care provider to help you deal with these very important issues
  • Reach out to your support system
  • Stay engaged with your community and maintain healthy relationships with family, friends, coworkers
  • Laugh often
  • Focus on the positives in your life and practice an ‘attitude of gratitude.’

Fears can be debilitating as they can stop us from achieving our dreams and doing the things we want to do. So, don’t let your fears stop you from living the life you want.

Identify, understand and take action to overcome your fears. These are important steps in preparing yourself psychologically for your retirement.

 Visit www.powerupyourretirement.com to watch the free ‘Ten Most Common Fears About Retirement’ Masterclass video.

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.

If you’re not financially ready, think about what you can do before you retire to either increase your savings and / or decrease your spending. As already mentioned in this blog, speak to your financial planner to help you develop your financial plan.

Perhaps you will need to delay your retirement and work a few more years or consider going from full-time to part-time work or even do some consulting work.

If you no longer want to do the work you are currently doing, but you still need to work, then are you willing to look for a new job? What does that new job look like? Start thinking about it now and start taking steps towards transitioning to a new job.

If you think you will be bored and lonely, review these two blogs and start taking action before you retire.

 

Fear of social isolation in retirement

Loss of social network is a big concern among pre-retirees. When you will retire from your career, you more than likely won’t be seeing your colleagues and / or work friends everyday but that doesn’t mean that they are gone from your life forever. If you had good work and personal relationships with your co-workers, then these friendships may be strong enough to continue once you have left work.

Like all relationships, however, you need to make time and work on your friendships to stay connected.

If you don’t really have any close friends at work or outside of work, then you may need to nurture your existing relationships and even expand your network.

Some ways to do that are to:

  • Identify your interests and hobbies and join a local club e.g. if you love gardening, look for local gardening clubs

  • volunteer for a personal cause

  • join service clubs or associations – there are lots of service clubs who welcome new members, identify the service clubs in your area.

  • A club that I will be joining when I retire is PROBUS club. Their goal is to provide fellowship, friendship and fun in their retirement and semi-retirement years. Some of my retired friends are members and they are loving the people they are meeting and the experiences they are having. Visit www.probus.org for more information and for a club near you.

  • attend a class at your local college or

  •  attend community or church events

There are probably lots of events going on in your community so pick up the local paper or read it on-line and get plugged in to find out what is happening in your community.

Visit www.powerupyourretirement.com to watch the ‘Ten Most Common Fears About Retirement’ Masterclass video.

Fear of Life Outlasting Money

 

 

 

 

 

 

 

 

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.

1.     Make a date with your Certified Financial Planner

2.     If you don’t have a financial planner, find one – someone you trust. Check with your financial institution or investment company and ask to speak to a financial planner. Speak to a number of them and see who you feel the most comfortable with.

Ask your friends, family members, or co-workers to recommend who they trust with their money.

Do some research for tips on how to choose the right financial planner for you.

3.     Once you have found a financial planner you want to work with, have a discussion with them about your financial picture. Identify what your financial picture will look like based on the amount of money you have today, taking into consideration your RRSP’s, your work pension plan, CPP (Canada Pension Plan) and OAS (Old Age Security) or the equivalent programs in your country.

4.     Ask for a Financial Retirement Plan. With this plan in hand, you will know how much how much money you will really need based on your personal needs and goals. (What are your retirement goals?)

5.     If you realize that you need to save more money, then you and your financial planner can develop a financial strategy to boost your savings before you retire.

Your financial future is too important to “wing” it or to say, “I think I will be OK financially.” Find out for sure and ensure your financial independence.

Fears can be debilitating as they can stop us from achieving our dreams and doing the things we want to do. So, don’t let your fears stop you from living the life you want.

Identify, understand and take action to overcome your fears. These are important steps in preparing yourself psychologically for your retirement.

Visit www.powerupyourretirement.com to watch the ‘Ten Most Common Fears About Retirement’ Masterclass video.

Marielle Gauthier, owner and principal of Redworks Communications, is a certified Results coach; an Associate Certified Coach (ACC); and a Conversational Intelligence Coach.

To receive updates about Marielle’s retirement coaching program, training and webinars or for more information on coaching services visit www.powerupyourretirement.com.

 

Study states skilled talent shortage will continue to impede global growth

I’m curious about how many companies are aware of this…?

According to Canada’s Urban Futures Institute, about 425,000 Boomers will retire by 2020 annually and some 9.8 million Canadian baby boomers are already approaching retirement.

Already a major issue, skilled talent shortages will continue to impede global growth and if not addressed, could have a significant impact on major economies by 2030, a study* by Korn Ferry (NYSE: KFY).

Whew… talk about succession planning being key! How are you getting new leaders to step into the role and how are you supporting the leaders you have who are leaving? ?

This is just one of many things I can help you with. If you’re interested in having me come to your place of work to do a session or workshop, drop me a line today!

Fear of a Lack of Purpose in Retirement

A purpose is very important to living a meaningful life. Ernie J. Zelinski, author of How to Retire Happy, Wild and Free says that, “Two essentials for successful retirement are sufficient funds to live on and sufficient things to live for.”

You may have a lot of hobbies, interests and leisure activities that may keep you busy, however, if you want your retirement to be meaningful, these will most likely not be enough. You may need to find your purpose.

So exactly what is ‘purpose’? Think of ‘purpose’ as your ‘why’ – The ‘why’ behind what motivates you to get out of bed in the morning and excited about your day.

Your purpose is your authentic path, being the best ‘you’ are here to be by sharing your unique gifts and strengths to make a difference in this world. By doing this you add value to the lives of others while creating value in your own life. It’s win-win. Your purpose defines who you are and how you will live.

Just because you will be in retirement, doesn’t mean you can’t continue to live your purpose. In fact, if you don’t live your life on purpose, you are more than likely going to feel unfulfilled and dissatisfied with your life in retirement.

Knowing and living your life on purpose is key to a meaningful life.

Fears can be debilitating as they can stop us from achieving our dreams and doing the things we want to do. So, don’t let your fears stop you from living the life you want.

Identify, understand and take action to overcome your fears. These are important steps in preparing yourself psychologically for your retirement.

Visit www.powerupyourretirement.com to watch the ‘Ten Most Common Fears About Retirement’ Masterclass video. 

Marielle Gauthier, owner and principal of Redworks Communications, is a certified Results coach; an Associate Certified Coach (ACC); and a Conversational Intelligence Coach. 

How to Live Your Own Extraordinary Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I love this quote because it speaks the truth.

We’ve all been through rough times…illness, the loss of a loved one, career changes and so much more.

We’ve all been surrounded at one point or another in our lives by someone who truly inspired us. Someone doing big things.

We are all capable of resilience and we are all meant for extraordinary.

What does an extraordinary life mean to you?

Maybe living an extraordinary life is being positive, optimistic and perseverant.

Maybe it’s all about taking risks and trying something new even if you’re scared or feeling vulnerable…

An extraordinary life could be living and using your gifts and strengths to make a difference, even a small one…

An extraordinary life could be dreaming and taking action to realize your dreams, no matter how small.

You don’t need to be a rock star, a millionaire, a CEO of a company…you just need to be you, the best ‘YOU’ can be, and make the most of every minute you can.

Taking action

We all have decisions to make. And if you’re ready to start adding that little “extra” into your life…it’s time to take action.

Being extraordinary starts with the actions and decisions we make every single day.

Make a list of goals you’d like to accomplish this year.

And then write down HOW you’re going to accomplish these goals. Remember to aim high!

Manage your mindset

It’s easy to get stuck in the “I can’t” mindset.

We all have that inner voice in our head that makes us doubt ourselves.

And then, if we experience tragedy or loss in our lives, we can let it bring us down. And keep us there.

It’s time to start turning tragedy into triumph, mend your broken heart, and use hardship as the drive you need to rise above and succeed.

It’s in you. It’s in all of us.

It’s time to start transforming those automatic negative thoughts into positive ones.

When you catch yourself doing it, pause, take a breath and think of something you’re grateful for. Think of something big you’ve accomplished. Think of what makes you happy.

Notice how that feels in your body when you think these positive things and next time, when you get down, go back to that special place.

Surround yourself with positivity and inspiration

Being extraordinary is contagious.

Surround yourself with people who inspire you to dream big.

Not only can it give you confidence and help you realize you’re capable of anything too…it can help open up your mind to new possibilities!

You can also gain inspiration from podcasts, webinars, and following people online who inspire you.

No matter how you choose to live an extraordinary life…remember at the core of it all is honouring your authentic self and doing the best you can.