Over the years I’ve written and spoken extensively about the importance of purpose in retirement. Even though there is conclusive evidence that having a sense of purpose is a critical predictor of both physical and mental health as we age, I still encounter retirees who report not having an underlying reason, intention, or goal which…

This morning, I was speaking to a fellow gym mate about his 3 1/2-week cruise through the Caribbean. Each year he and his wife take on average 2 extensive cruises. As he spoke, I thought of the one cruise my partner and I took some years ago – an unenjoyable experience! For fun, I did…

Pension plans, RRSPs, estate plans and IPPs are one side of retirement.  These topics are common, but what about a retiree’s shrinking social network and the possibility of loneliness or depression? Data suggests that while most financial advisors (up to 92-96%) believe they are covering health and lifestyle “soft” topics with their clients, less than…

A major issue concerning retirement is financial insecurity, specifically the fear of outliving savings (longevity risk).  Recent data shows that nearly 60% of Canadians fear running out of money during their retirement. Beyond the financial worry, other critical issues impact retires are: 2. Psychological & Social Hurdles 3. Structural & Planning Issues ——— For financial…

This morning, I read a statement about loneliness.  It read, “I’m 73 and I can tell you the exact moment aging became lonely: it was when my daughter started saying ‘we should get together soon’ instead of picking a date, and I realized I’d become optional.” Loneliness among retirees and older adults is a significant…

Many of us watched the Winter Olympics in Italy and now are preparing to enjoy the Paralympics. Athletes preparing for Olympic competition not only need desire and drive, but they also require a good training program. This includes practicing their sport, healthy eating, mentally preparing for competition, visualizing success and employing an experienced coach. Like…

Research shows: ·      40% of boomers retire without a plan.·      40% of boomers retire with only a financial plan.·      Only 20% retire with a holistic, fulfillment plan, and actions to make it happen. Coaching Clients for Retirement is a primer that helps you, as financial advisor and coach, to guide your clients to this next stage in their lives…

This morning, I spoke with a manager who is living a retirement disaster.  Three years ago, he retired from a position which was not to his liking.  Not only was he being crippled by a boss who didn’t appreciate his dedication and skill, but the boss constantly presenting the manager’s ideas as his own.  At…

Recently I wrote about how inactivity in retirement can kill you. There is another threat to your retirement happiness and well-being, and that is loneliness. Loneliness is increasingly recognized by health authorities as a “silent killer” due to its severe impact on physical and mental health. According to Health Canada, the health risks of chronic…

View Post↗ Retirees spend a significant portion of their day watching television, with averages ranging from over 4 hours up to 7 hours daily, totaling nearly 30 to 49 hours per week. This activity accounts for over half of their total daily leisure time, making it the primary leisure activity for those over 65.  The high…