My colleague, Kathleen Ozmun, and I are looking forward to releasing our findings from our Business Leader Transition research.
For more information and to register for the Webinar:
https://lnkd.in/gYCXeWp
Is long-term care insurance right for you?
No one has ever said to me, “I can’t wait to move into a long-term care home!” So I think it’s a safe bet to say that very few of us want to do so. e want to stay as independent as possible in our own home for as long as possible.
If you take care of yourself as mentioned in an earlier blog, you can hopefully push back long-term care needs well into your senior years.
Whether you will need long-term care or not, there is no doubt however, that long-term care is expensive. Has this been factored into your overall financial plan?
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?
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.
Fear of Boredom in Retirement
According to Family Service Canada, boredom is the number one reason for dissatisfaction in retirement. Without a person’s routine and social contacts of the workplace, many people feel alone and disengaged from their usual social circle.
You are going to have a lot more time (at least 8 hours / day or 2000/ year) and anywhere from 20 – 30 years + of life in retirement available to pursue personal interests or hobbies. How will you spend all this extra time?