In 1981, Ellen Langer, a young psychologist, ran an experiment involving eight men in their 70s being sent into a time-warp situation where they were to attempt to be the person they were 22 years earlier. The results were amazing.
Low interest rates can have a real impact on those who are planning their retirement and those in retirement. Financial planner Anne Graham talks about the issues it can raise and suggests how to handle what can be a difficult time for investing.
Walnuts pack a serious nutritional punch! They contain a wide range of vitamins, minerals and phytochemicals that provide us with many health benefits.
When you think of older people what images come to mind? Compare that with what you see in the media.
Any change causes stress. Retiring is no different. Full retirement usually means the end of your working life, which is a huge transition. You can add to this the uncertainty of not being sure whether you’ll survive financially (a common fear). And there’s the sense that you’re now entering the last stage of life. Both these thoughts add pressure.
What comes to mind when you think of your retirement? Excitement? Uncertainty? Dread? All three? The best retirements are planned.
Boomers are changing the concept that retirement is mainly a time for leisure into something more intentional. And that’s because, say Richard and Leona Bergstrom in Third Calling, most Boomers want to ‘age with purpose and possibility’.
The two extremes with retirement planning are: to go into retirement with no plan; or to over-plan. No plan means you’re beginning a substantial part of your life (perhaps 20 to 30 more years) with no direction. Over-planning leaves no space for spontaneity—which is one of the major delights of retirement. The key is to focus on what’s important with your planning.
What I mean by the question is this: If all the good die young, how come you and I have been around long enough to be interested in retirement? We aren’t young. Does that make us not good—as in bad or evil?
What are your dreams for retirement? A more important question is: What is your life dream? That’s about what you want to do but linked to how you want to live. In other words, who do you want to be in retirement?