Why Many Retirees Feel Anxious (How To Prepare For It)

Рет қаралды 12,660

Күн бұрын

➡️Our financial planning services: www.parallelwealth.com/planning
➡️5 emotional stages of retirement: secondwindmovement.com/retire...
In this video, we'll go through why retirement often triggers anxiety, and some measures you can take to cope with this stressful life transition.
If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your retirement plan on track.  You can learn more about our services at www.parallelwealth.com/planning
Financial Resources I personally recommend:
➡️Retirement Income for Life: Getting More without Saving More (Second Edition): amzn.to/3tvIdVN
➡️Parallel Wealth Masterclass: www.parallelwealth.com/education
➡️Future Value Calculator: amzn.to/3EA6Qqv
➡️Neo Mastercard - no annual fee and average 5% back! - join.neo.cc/parallelwealth
➡️Free Credit Report with Borrowell: bit.ly/borrowellPWFG
➡️Maximize your Savings with EQ Bank - bit.ly/EQBankPWFG
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OUTLINE
0:00 - Intro
0:28 - Why Retirement Anxiety Is Prevalent
0:58 - 3 Types of Retirees
3:08 - Retirement Anxiety Causes
5:20 - Easing Retirement Anxiety
7:42 - Considerations At Retirement
9:34 - 5 Emotional Stages of Retirement
This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

Пікірлер: 36

@pwong0227 21 күн бұрын

Three years ago at 63, it was no 3 for me but right away it transitioned into no 1 traveling 5 times a year and $$$ was never an issue. I am still enjoying my life travelling a lot. I am writing this comment from Siouth Africa now.

@marysinclair1214 20 күн бұрын

Lucky you I've always wanted to go to South Africa.

@johnnyboyvan 21 күн бұрын

I feel for people who have anxiety 🙃 in retirement. I am so content with my DB pension and minor investments. Your group found money for me that I didn't know existed, thanks. Retired at 57 and am quite content with no fear.

@ColdRunnerGWN 21 күн бұрын

I told my boss that I'm practicing for retirement at this moment. I'm not sure he knows how to take that.

@susantom4400 8 күн бұрын

No one in my family has had a DB plan. That is partly where the fear of running out of money comes from. I often joke we need psychic financial planners so we know how long we will live and how our health is.

@stuartpeterson9092 16 күн бұрын

My wife is 7 years younger which is a common age gap in my world. Retirement planning and decumulation examples tend to put the couples close in age. I am now 71 staring at the end of my “Go Go Years” and she hasn’t even started. I know your software handles these scenarios but I think you should do a show on how your clients have, and should handle a 7 to 10 year age gap. How do you ladder income? Frank Vettese’s book says you should have a reserve fund until around 78. I assume that is my 85 and her 78. How would you advocate for a younger spouse whose older partner is making all decisions based on his age? Love your show.

@firsttimer8991 21 күн бұрын

Three and 1/2 years I ago I semi retired from a stressful job. At 57 I found a part time job I love! This golden opportunity has allowed me to spend more time with my Dad (now 91) who suffers with dementia. Key to retirement is planning! I planned this for 25 years. Absolutely thrilled I was financially stable to execute my plan.

@garth217 21 күн бұрын

Congratulations. Enjoy

@marysinclair1214 20 күн бұрын

I did the same thing so I could spend time with Mother.

@garth217 21 күн бұрын

4th Type. Exhausted. Loved what you did, but it has taken its toll on you.

@urbanoutdoorsman5654 21 күн бұрын

This was me. However I am loving retirement

@OptimisticHominid 21 күн бұрын

I don't see anything wrong with having a retirement plan drafted early in one's working life. Even if all that comes from it is a pay yourself first mindset and more thoughtful spending, you'd be ahead of almost everyone else.

@GaneshD123 Күн бұрын

Such excellent advice, explained so very well! Thank you Adam and the PW team!

@ParallelWealth Күн бұрын

Our pleasure!

@editatrix1 21 күн бұрын

I really appreciate your videos and advice. Thank you

@ParallelWealth 20 күн бұрын

Thanks for watching!

@petervaneverdink448 21 күн бұрын

You're right on with phases of retirement. I'm in year 8 of retirement and going into the reorientation phase. Great videos!

@ParallelWealth 20 күн бұрын

Good to hear, and all the best with that stage!

@markust8904 20 күн бұрын

Sadly the anxiety is taking its toll now, not retired yet, still working, (don't want to) but have had long periods of time off work as a pre-retirement scenario. Not enough money coming in when off work. And when i do retire, my assets are far below a comfortable retirement. The expenses/ income (cpp, oas, rrsp tsfa) will not hold me long in the near future. No Go-Go phase, can't afford to go anywhere or spend much. So I am in the middle box. In the Anxiety/Depression phase. Hasn't happened yet but it's coming. Damn it Wanda!😟

@felixchow5579 21 күн бұрын

I recently retired after two months. I’d watched some of your videos. This one echoes the most of my current situation. I feel like you were talking directly to me. Thank you!

@ParallelWealth 20 күн бұрын

Directly to you Felix! Enjoy retirement:)

@wrongwayconway 20 күн бұрын

I am excited to retire this October. YAY! Free at last, free at last, thank God almighty, free at last!

@danbarrett6387 19 күн бұрын

Bingo..you hit it all on the head.

@susantom4400 8 күн бұрын

My plan would only show how I actually don’t have enough

@bobfichuk5304 21 күн бұрын

Just so people know you can reverse your CPP up to 11 months after you start in case you go back to work or want to bleed some capital gains or RRSP down.

@johnhiemstra1464 21 күн бұрын

Thank you Jason for this video.

@ParallelWealth 20 күн бұрын

Not sure who Jason is, but will let Adam know!

@ybc8495 21 күн бұрын

i might be able to before 35, but I am afraid of losing the working fun part.

@iana36s 20 күн бұрын

What available retirement calculator do you recommend?

@murraytown4 20 күн бұрын

It’s not perfect but there is the Canadian Retirement Income Calculator

@ParallelWealth 20 күн бұрын

Honestly there isn't a good free one on the market.

@danbarrett6387 19 күн бұрын

@@ParallelWealth is there one you would suggest over another? Thank you.

@iana36s 19 күн бұрын

@@murraytown4I recommend the Government retirement calculator as it does tie in nicely to the CCP and OAS options.

@murraytown4 19 күн бұрын

@@iana36s I think this message is for another poster. I’ve used the Canadian government retirement income calculator many, many times.

@dominic8218 21 күн бұрын

I became a male porn star at 60. Not earning much as I get paid by the hour, however I’m so much happier than I was in my banking job. I’m between the go-go and no go stage.👍🏻

@waffles1ca 21 күн бұрын

I suppose if you were anxious before retirement you would tend to be anxious in retirement but you would have more time to manage stress and deal with anxiety. I would suggest that if you’re anxious start to manage that now as soon as possible. Breathing exercises can really help.