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Read this before choosing a retirement village

<p>Making the move from your own home into a retirement village is a huge decision. And with more than 2,000 villages around the country there’s a world of choice. These are some of the things you need to know before you make the move.</p> <p><strong>Get your priorities straight</strong></p> <p>Think about the kind of village you can see yourself living in. Make a list of features that you absolutely must have and a list of those that are desirable but not essential. Don’t be tempted to compromise on the first list because you could end up very unhappy in the long run.</p> <p>Do your research and find a village that meets your requirements. Don’t rush into somewhere that you aren’t completely sure about.</p> <p><strong>Money, money, money</strong></p> <p>Retirement villages aren’t cheap so you’ll need to be realistic about what it’s going to cost and how much you have to spend. It’s a good idea to see a professional financial adviser to get a complete picture of your financial situation, including things like selling your current home, super and any shares you own.</p> <p>You will have to sign a contract with the village before you move in, so get your financial adviser or a lawyer to go over it with you and make sure you understand all your obligations.</p> <p><strong>Location is key</strong></p> <p>As with any move, you need to think carefully about location. If the village is a long way from your current residence it can drastically alter your social life and connections with friends and family.</p> <p>You also need to think about proximity to public transport, shops, health services and community activities.</p> <p><strong>Choose your style</strong></p> <p>Retirement villages range from self-contained independent living to serviced accommodation and residential aged care. They also vary greatly in size from just a handful of units to villages with hundreds of residents. Larger villages tend to have more facilities, so if you’re an active person who loves to swim or play tennis then this could be the choice for you.</p> <p>However, extra facilities come with extra costs so if these aren’t important to you then you could find a cheaper option. You’ll also want to find out about communal dining options and social activities or groups within the village.</p> <p><strong>Get the help you need</strong></p> <p>As with accommodation styles, there is a wide range in the levels of assistance available. This can be as basic as having a cleaner come once a week right up to full nursing care. Some villages have the option to raise your level of care as you age or become unwell, which can be a better option than moving into a new village.</p> <p><strong>Stick to the rules</strong></p> <p>Can visitors stay the night? Can I have a pet? Is there a system for resolving disputes? You’ll want to be familiar with the rules and regulations of the village so read the fine print in your contract or ask questions before you commit.</p> <p><em>Image credits: Getty Images </em></p>

Retirement Life

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The one thing you must do before retirement

<p>When you think about planning for retirement, the standard advice is to take a thorough look at your superannuation and finances. Although money is undoubtedly an important aspect of retirement planning, making a plan for your emotion and physical wellbeing is just as crucial.</p> <p>New research from the UK has found that retirement can have a negative impact on your mental and physical health. The study, published by the Institute of Economic Affairs, looked at the impact of retirement on 7,000 people aged 50 to 70, and found that while retirement gives most people a small health booth, over the medium to long-term it causes a “drastic decline in health”. </p> <p>For both men and women, retirement decreases the likelihood of "very good” or "excellent" self-reported health by 40 per cent, increases risk for depression by 40 per cent, and diagnosis of a physical illness by 60 per cent. The study’s lead author, Gabriel Sahlgren, noted: "Work, especially paid work, gives many people a sense of purpose. Losing that may lead to declines in health."</p> <p>The lesson: Make a plan for your emotional and physical health.</p> <p>“Don't wait until you retire to decide how you're going to keep busy,” Dave Bernard, retirement blogger and author of Are You Just Existing and Calling it a Life?, told Prevention, adding, “And you need to look well beyond the first six months.”</p> <p>Just as it’s necessary to make sure your finances are in order before retirement, it’s crucial to ask yourself: What will my new sense of purpose in retirement be?</p> <p>“Many times, adults might not think about what it actually means to be retired, or they think about retirement in abstract terms,” says Angela Curl, an assistant professor in the University of Missouri School of Social Work.</p> <p>She says you need to make concrete plans for retirement. “If you want to volunteer when you are retired, ask yourself where and how often. Having specific plans and steps to follow will help you enter retirement more easily,” says Curl.</p> <p>Creating a plan of how you’ll spend your time when you retire will keep you mentally and physically strong, ensuring that you’ll be healthy enough to enjoy your well-deserved retirement.</p> <p><em>Image credits: Getty Images </em></p>

Retirement Life

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Most expensive countries to retire in revealed

<p dir="ltr">Australia has become one of the most expensive countries in the world to spend your retirement, with experts sharing how much we need to retire comfortably. </p> <p dir="ltr">Australia is now regarded as the world's seventh most expensive place to retire, and is also a major target for scammers, given the country’s superannuation initiative. </p> <p dir="ltr">Swedish loan broking group Sambla calculated Australians need at least $640,911 to retire comfortably, with this hefty amount one of the biggest in the world. </p> <p dir="ltr">Australia's 4.1 per cent inflation rate is also higher than most of the rich world, which means a retiree would need $34,221 a year to survive, provided they aren't renting.</p> <p dir="ltr">Australia is also a target for scammers, having $3.6trillion in superannuation savings, or the fourth highest pool in the world.</p> <p dir="ltr">In comparison, Switzerland has been named the most expensive place in the world to retire, requiring $927,034 in retirement savings to grow old in the Alps, translating into annual costs of $46,632.</p> <p dir="ltr">Check out the entire top ten list of most expensive countries to retire below. </p> <p dir="ltr">10. France. $583,950 in retirement savings required</p> <p dir="ltr">9. Austria. $598,434 in retirement savings required</p> <p dir="ltr">8. Iceland. $607,558 in retirement savings required</p> <p dir="ltr">7. Australia. $640,911 in retirement savings required</p> <p dir="ltr">6. Canada. $665,752 in retirement savings required</p> <p dir="ltr">5. Liechtenstein. $772,984 in retirement savings required</p> <p dir="ltr">4. Singapore. $773,456 in retirement savings required</p> <p dir="ltr">3. Qatar. $791,029 in retirement savings required</p> <p dir="ltr">2. Monaco. $795,431 in retirement savings required</p> <p dir="ltr" role="presentation">1. Switzerland. $927,035 in retirement savings required</p> <p dir="ltr"><em>Image credits: Getty Images </em></p>

Retirement Life

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Happy ending after company's awful retirement send-off

<p>An elderly gentleman in the United States, who had faithfully served as an "extremely dependable" employee for 42 years, recently experienced a remarkable change in his fortunes, thanks in large part to the generosity of individuals from Australia.</p> <p>John Bartlett, the dedicated worker in question, had received <a href="https://www.oversixty.co.nz/lifestyle/retirement-life/you-deserve-more-company-slammed-over-measly-send-off-party" target="_blank" rel="noopener">underwhelming recognition from an unnamed company</a> for his decades of commitment. His daily 40-minute commute on public transportation to a job paying only the minimum wage went largely unnoticed until recently, causing widespread consternation.</p> <p>Sonia, one of his colleagues, was deeply moved by the perceived injustice and decided to share a video clip of Bartlett's story online. In her post, she expressed her wish that his hard work had been better acknowledged and thanked him for his unwavering loyalty. She noted that Bartlett loved his job so much that he was reluctant to retire, receiving nothing more than a barbecue and a certificate as a token of appreciation.</p> <p>After sharing Bartlett's story on social media, Sonia was inundated with messages from people eager to contribute to his well-deserved retirement. Responding to this outpouring of support, she set up a <a href="https://www.gofundme.com/f/happy-retirement-john#xd_co_f=YjM1NWNiYzAtN2QwYS00MDc2LTgzZWEtNzRiYzE2ZjczZDU2~" target="_blank" rel="noopener">GoFundMe</a> campaign, inviting the public to contribute "a little something for a better retirement" for him.</p> <p>Within a matter of days, the fundraiser received an overwhelming response, with donations and messages pouring in from around the world, including numerous contributions from Australians. The campaign was eventually closed after more than 1,900 individuals contributed, resulting in a total of A$57,454 for Bartlett's retirement fund.</p> <p>In his 70s, Bartlett was left speechless when Sonia shared this incredible news with him. She conveyed the global impact of his story and the messages of support he had received from people across the globe. Overwhelmed by the gesture, Bartlett could only smile and nod in response.</p> <p>“They left messages for you," said Sonia in the video. "So I’m going to print it out and go ahead and make something nice for you so you can read it on your own time. We started the GoFundMe because they wanted to give you something for your retirement on their part and it just blew up overnight. You deserve it, OK? I’m going to make sure everything goes to your account, just for you.”</p> <p>Supporters encouraged Bartlett to use the funds for special treats, like a grand holiday or for spending time with loved ones. Messages from donors expressed their heartfelt wishes for his retirement and new beginnings.</p> <p>Sonia expressed her gratitude to the donors, assuring them that every cent raised would be placed directly into Bartlett's account. In her final update to the GoFundMe account, she thanked donors for their kindness and reaffirmed her commitment to ensuring Bartlett received every penny, attributing the success of the campaign to their collective efforts.</p> <p>In the end, the power of community and compassion won out, as people from all walks of life came together to make a meaningful difference in the life of an individual who had dedicated so much to his job.</p> <p><em>Images: TikTok</em></p>

Retirement Life

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Retirement reinvented: how to find fulfilment later in life

<p><em><a href="https://theconversation.com/profiles/tania-wiseman-1183187">Tania Wiseman</a>, <a href="https://theconversation.com/institutions/swansea-university-2638">Swansea University</a></em></p> <p>Retirement can feel like a strange time for many people. Gone is the routine of work, your time is your own – in theory. How to stop chores from taking over can become a tricky balance. Some people retreat and return to work. Often, those that persevere find they are as busy as ever – but not always with the fun leisurely activities they were looking forward to.</p> <p>It’s strange that this is so often the case because retirement is something many of us look forward to for most of our working lives. Indeed, it’s the one time in life when you can really devote yourself to hobbies and interests, leisure and pleasure.<br />This uncertain picture means that approaching retirement can be a time of fear – <a href="https://www.forbes.com/sites/davidkudla/2020/03/13/6-ways-to-ease-your-retirement-anxiety/">retirement anxiety</a> is a real thing. So too are the <a href="https://www.health.harvard.edu/mens-health/retirement-stress-taking-it-too-easy-can-be-bad-for-you">retirement blues</a>.</p> <p>When you add in potential health concerns and financial worries, it’s maybe not surprising that a recent survey found that more than half of <a href="https://www.independent.co.uk/money/more-than-half-of-over40s-feel-anxious-about-retiring-survey-suggests-b2146484.html">over-40s feel anxious about retiring</a>.</p> <p>One retirement challenge is how to replace the <a href="https://www.degruyter.com/document/doi/10.1515/ger-2020-0109/html#:%7E:text=We%20find%20that%20retirement%20changes,effect%20on%20the%20network's%20size.">friendships</a> you make through work. Indeed, it seems the people who fare best in retirement find ways to cultivate connections.</p> <p>The longest-running <a href="https://www.adultdevelopmentstudy.org/">study on human happiness</a> found the thing that makes us most happy in life is our relationships and positive social connections – they also help us to live longer too. Indeed, this 85-year-old Harvard study shows that maintaining quality relationships has a huge benefit for our physical and mental health and wellbeing.</p> <p>Similarly, the charity The Centre for Better Ageing has found that <a href="https://ageing-better.org.uk/resources/later-life-2015-executive-summary">social connections</a> are just as important as money and health to a good later life.</p> <h2>Beyond routine</h2> <p>When it comes to retirement anxiety, <a href="https://link.springer.com/chapter/10.1007/978-3-030-71672-1_2">my research</a> with retirees shows that most people who have been retired for several years learn to manage their concerns and develop <a href="https://link.springer.com/chapter/10.1007/978-3-030-71672-1_5">satisfying and interesting lives</a>.</p> <p>As with a lot of us, most of their time was taken up with home-based chores, self-care, looking after friends and relatives and serving the community – along with working really hard to keep fit, so as to “age well”.</p> <p>But my research also found that negative notions of ageing can <a href="https://link.springer.com/book/10.1007/978-3-030-71672-1">become internalised</a> and prevent people from having fun and making new connections.</p> <p>In my study, people said they were conscious that others might judge the <a href="https://link.springer.com/content/pdf/bfm:978-3-030-71672-1/1?pdf=chapter%20toc">suitability of their leisure choices</a>. While some rebels could only really enjoy a pastime if they knew their children would disapprove (think daytime drinking, gambling, watching TV, cycling on busy roads in a rainstorm and flirting with strangers), most were limited in their leisure choices by this concern.</p> <p>Several did not have any pastimes they enjoyed. <a href="https://link.springer.com/chapter/10.1007/978-3-030-71672-1_6">Those who found a balance</a> had rich and varied leisure lives, but they preferred people from their own age group and a similar background, where they were less likely to be told how amazing they are, for their age.</p> <h2>From anxiety to adventure</h2> <p>While mixing with people from similar backgrounds and age groups can feel safe and comfortable. It can also mean you miss out on new and interesting experiences or having your worldviews challenged or expanded by spending time with different people</p> <p>Retirement is the ideal opportunity to mix things up and gently expand your leisure repertoire. It’s a time to embrace the convivial in the presence of others, not just the usual people you see.</p> <p>If you are happy with your leisure life, great. But if there is a little something missing, a little fun that could enhance it, consider adding in something new. Think outside the box of what’s “<a href="https://link.springer.com/chapter/10.1007/978-3-030-71672-1_5">suitable for your age group</a>”, (what does that even mean?). Indeed, age should not be a barrier to anything, age discrimination is illegal. So if you’re interested then it’s suitable.</p> <p>If you have limited resources learn a language with <a href="https://www.duolingo.com/">Duolingo</a> in five minutes a day. Then when you’re ready, find a language conversation group and join them for a social event.</p> <p>Learn a song, you can do it yourself using YouTube tutorials. If you enjoy that, you could join a community choir, or drag your friends and family to a karaoke night. You could even pick up an instrument and see how it feels to add percussion. Alternatively, perfect a dance at home and if you like it try a dance class – <a href="https://www.youtube.com/watch?v=Oe4xqYSoiUo">pole dancing</a> has become very popular.</p> <p>If you have a bit more time to spare, explore taking an interest to the next level. There are local groups for many activities, including rowing, climbing, circus skills, martial arts and horse riding – what takes your fancy?</p> <p>Not an “organised group” person? Try Frisbee, a boomerang, kite flying, bike rides, skateboarding or roller skating. You don’t have to be with people, just being around them is interesting.</p> <p>For more sedate options consider a cinema club, jazz club, poetry group, or start a quiz team. If you like the TV show <a href="https://www.channel4.com/programmes/the-great-pottery-throw-down">The Great Pottery Throw Down</a> join a ceramic studio and unlock your inner creativity. If you have a free afternoon or evening, look at <a href="https://www.eventbrite.co.uk/">Eventbright</a> and try something random, because we don’t really know what we love until we find it.</p> <p>Nothing has to be a lifelong commitment. If you like it, carry on, if not, then move on to something else. Anything you try will make a good story to tell the younger people in your life – they need to know that later life is an adventure worth working towards.</p> <p>So defy expectations, knock down those mental barriers and try something different. Start today and see where it takes you.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/201358/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /></p> <p><em><a href="https://theconversation.com/profiles/tania-wiseman-1183187">Tania Wiseman</a>, Associate Professor, Head of Therapies , Faculty of Medicine, Health and Life Science, <a href="https://theconversation.com/institutions/swansea-university-2638">Swansea University</a></em></p> <p><em>Image credits: Getty Images</em></p> <p><em>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/retirement-reinvented-how-to-find-fulfilment-later-in-life-201358">original article</a>.</em></p>

Retirement Life

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When babysitting your grandkids is not the retirement plan

<p><em><strong>Megan Giles is a retirement designer for women. She supports and coaches women approaching retirement to successfully transition and create a lifestyle that is fulfilling, meaningful to them and lights them up each day.</strong></em></p> <p>You’re retiring, or maybe you’re about to cut down to part-time hours and you can smell freedom in the air. You have the schedule for a pilates studio on your fridge, a list of restaurants to try, and a couple ideas for that abandoned corner of your garden. At last you have time to do all of those things you’ve always wanted to do.</p> <p>And then the phone rings. “Mum, now that you’re not working, it would be great if you could look after [grandchild] on a Friday…” And your heart sinks. You love your grandchild to bits, but a regular baby-sitting gig is not part of your plan.</p> <p>While this is the perfect scenario for many people approaching retirement, it’s important to recognise that it’s not for everyone.</p> <p>What happens if your family has other ideas for your life after work, e.g. caring for grandchildren, or they have assumptions about what you can and can't (or shouldn't!) do in retirement. Do you acquiesce and abandon your dreams or do you recognise the value of your time and dreams and decide to ‘just go for it’?</p> <p>The trouble with choosing to pursue your own path is the huge amount of guilt this can bring up, particularly for women. You feel that you should be there for your children and grandchildren. You know that your support will make their life easier as they have demanding jobs and because the cost of living and day care is expensive. Or perhaps you convince yourself that you do have the time and energy because, well, you’re not working anymore. But the risk that goes with this is that you start to feel resentful because you’re not being true to your dreams.</p> <p>Broaching this with adult children, however, can be a tricky thing to do. It brings up conflicting emotions including love, guilt, joy, fear and obligation and the last thing you want to do is make a loved one feel bad.</p> <p>In recognition of this, the following provides tips for sharing your retirement ideals with your family in a positive way:</p> <ul> <li><strong>Make an uninterrupted time to talk.</strong> While it might be an easy time to catch your children, try to avoid the early evening ‘witching hour’ when feeding and bathing can create mayhem</li> <li><strong>Share your goals.</strong> Rather than assuming your family know what will be important to you, let them know what you would like to get out of retirement, particularly while you are active and have good health</li> <li><strong>Articulate your concerns or fears.</strong> Let them know, for example, that you worry about being able to keep up with your energetic grandchild, or that you risk letting them down in the longer term when you decide to go travelling and can’t do that regular Tuesday ‘gig’</li> <li><strong>Listen to what it is that your adult children are seeking</strong> and see if you can come up with alternate options together (it doesn’t always have to be one thing or the other)</li> <li><strong>Let your family know that you love and care for them unconditionally.</strong> Not being able to provide regular baby-sitting duties does not mean that you love them any less</li> </ul> <p>As the saying goes, you first have to look after yourself before you can look after others and this applies especially in retirement. However uncomfortable it may seem initially, have the conversation in order to understand and align both your and your family’s expectations, and then give yourself permission to follow your dreams in retirement!</p> <p><em>Images: Getty</em></p>

Retirement Life

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How to beat the retirement blues

<p>When people plan their retirement they don’t usually expect Post retiring depression (PRD). This kind of depression usually stems from dashed expectations, financial trouble or feeling lost and lonely. That’s why we’ve got four top tips to avoid PRD and enjoy your free time.</p> <p><strong>1. Plan it out</strong></p> <p>Know what you want to do, not what you think you should be doing. Don’t hold back in indulging yourself, travelling the world, volunteering abroad – the temporary discomfort of not knowing is better than realising when it’s too late that you never completed your bucket list.</p> <p><strong>2. Routine</strong></p> <p>A sudden lack of structure can become exhausting or at least unsettling. Schedule activities such as exercise, housework, errands, and social time. Then let the day flow from there.</p> <p><strong>3. Keep active</strong></p> <p>There is a lot of research to show that the people who cope best with retirement are those who stay active and involved. This might include:</p> <ul> <li>Developing an old hobby or starting a new one. </li> <li>Staying physically active, through walking, swimming, gym or sport. Make sure your exercise routine is appropriate for your physical capacities and limitations. </li> <li>Volunteering with a charity or church group. </li> <li>Working part-time. </li> <li>Studying a course.</li> </ul> <p><strong>4. Stay in touch</strong></p> <p>Loneliness and isolation can be easily avoided, so don’t fall into the trap of feeling alone. Make the effort to stay in contact with family and friends. Offer to babysit your grandchildren. Check out local community centres for upcoming activities you might enjoy. Even if you're not sure try something new, you might surprise yourself!</p> <p><em>Images: Getty</em></p>

Retirement Life

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The power of friendship in retirement

<p><em><strong>Megan Giles, Retirement Transition Consultant, supports those approaching retirement to successfully transition and create a retirement they will love to live!</strong></em></p> <p>When we think about staying healthy in retirement, we often think about becoming more active, eating better and ensuring a good night’s sleep. But there’s another powerful antidote and it doesn’t require active wear, perspiration or watching calorie intake. Did you know that maintaining strong friendships in retirement can have a significant and positive impact on your wellbeing?</p> <p>As we age we are going to become more dependent on others. Not only may we become less mobile, but amongst your group of friends it is almost invariable that there will be debilitating illness, divorce, death, job loss and other major life challenges. It is times like this that it is so critical to have a strong friendship circle to surround us - people who can help us to weather the tough times. These friends will rally around you in times of need, intuitively knowing what needs doing and making things more bearable. Good friends will do exactly what you know you would do for them if the roles were reversed. Not only that, but these friends will celebrate your successes too!</p> <p><strong>What are the health impacts of loneliness?</strong></p> <p>The workplace is a hot-bed of human interaction – there is always a morning tea, someone to do the coffee run with and meetings to be held, and so as we step away from the workforce, our social networks tend to decrease. The research shows that loneliness is linked to a number of health issues including poor sleep patterns, increased prevalence of stress hormones, increased risk of heart disease and stroke, and accelerated cognitive decline. In turn, these can contribute to a lowered life expectancy and depression. The lower quality of life associated with these health issues is not what people envisage when they think about a fulfilling and enjoyable retirement.</p> <p><em>Loneliness is not a symptom of failure - that you are no longer relevant. The feeling is simply a reminder to reach other to others.</em></p> <p>The challenge is that life has never been as busy as it is now in the 21<sup>st</sup> century. But stop for a moment. Don't be so busy working hard and saving for retirement that you let the fun things fall by the wayside, such as weekend fishing trips, ladies nights at the theatre, or barefoot bowls. How 'golden' will those years be if you no longer have people to share them with?</p> <p><strong>Do you need to re-connect with friends?</strong></p> <p>Fortunately there are simple things you can do right now to reinvigorate the important friendships in your life.</p> <p><span style="text-decoration: underline;">Make that call!</span></p> <p>Who is that one person that you have been meaning to catch-up with for ages, and what can you do to connect with them today? Go on, nothing beats memory sharing and a deep belly laugh!</p> <p><span style="text-decoration: underline;">Take the lead!</span></p> <p>Rather than wait for catch-ups to be organised, step in and connect with the people you hold near and dear. Just be mindful to set yourself up for success. For example, rather than trying to go out for dinner as a group once a week, make it once a month (or even once a quarter) so that it doesn’t seem like a burden and something that everyone will look forward to.</p> <p><span style="text-decoration: underline;">Let them know</span></p> <p>Don’t be afraid to tell your friends that you care. Let them know how much you appreciate them and why. And do it often!</p> <p><span style="text-decoration: underline;">Choose your friends wisely</span></p> <p>One of the great things that comes with age is caring less what other people think. As such, choose which friendships you cultivate mindfully. Spend time with the people who light you up, not drain your energy or take advantage of you.</p> <p>As the saying goes, you can choose your friends but you can’t choose your family. The power of friendship is real. Is your inner circle full of people that you know will be there for you when you need them (and vice versa)?</p> <p><em>Images: Getty</em></p>

Retirement Life

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8 tips that will help you downsize in retirement

<p>Downsizing can help make life more manageable in retirement, but it can also be quite the chore, requiring a lot of research, planning and preparation. We’ve taken a look at eight simple things you can do to help navigate this complicated process and downsize in retirement without the stress.</p> <p><strong>1. Take inventory</strong></p> <p>How can you know what you need to get rid of if you don’t even truly know what you own? Be as specific as you need to when taking inventory. You’ll probably be surprised to find out how long your list of possessions has become, which in and off itself might make it easier to jettison some things.</p> <p><strong>2. Designate a starting point</strong></p> <p>The hardest part is getting started, and when you do so it’s important to not have a scattershot approach. Make a list with a designated starting point and focus your attention on one area. A focussed, dedicated approach is crucial in terms of getting started and building up momentum.</p> <p><strong>3. Trash, sell and give away</strong></p> <p>Don’t be afraid to say goodbye to stuff you don’t need. This could be quite profitable if there’s anything you own that you can sell, and if you can’t bear to throw that old sundress in the trash consider giving it to one of your girlfriends or even your granddaughter as a gift.</p> <p><strong>4. Perform 6 month test</strong></p> <p>A great way to separate items that you may use from items that you definitely don’t need is applying the “6 month test” which is asking yourself whether you’ve used it in the last six months. If you haven’t, then odds are this is the sort of item that can be jettisoned without too much heartache.</p> <p><strong>5. Hanger trick</strong></p> <p>The hanger trick is a good way to get rid of clothing you don’t need. Hang every item in your closet backwards and wait a period of time (3, 6 or 12 months) then when you come back and check, throw out any items that haven’t been turned back because that means you haven’t used them.</p> <p><strong>6. Set timer</strong></p> <p>The entire downsizing process can be overwhelming, so instead of trying to tackle it in one big chunk break it down into manageable portions of 45 minutes. There’s no rush and as long as you keep at it over a period of time we think you will eventually find that you have made some real headway.</p> <p><strong>7. Scan paper then shred it</strong></p> <p>If you’ve got any paper items that you don’t necessarily need but would like to hang onto don’t be afraid to commit them to the paper shredder. The first thing you should do though is scan them. This way they’re preserved forever and you can always print them out if you need them again.</p> <p><strong>8. Decluttering party</strong></p> <p>Downsizing can be a pretty lonely task as well, so why not call a few friends to make the process more enjoyable! Having friends help you through your old possessions is always nice and can help you say goodbye to some of the more sentimental items you’re getting rid of.</p> <p><em>Images: Getty</em></p>

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6 questions you must ask yourself before downsizing

<p>For many people, retirement is the time to downsize from the family home to a smaller dwelling. It’s a big decision so before you take the plunge, first ask yourself these six questions to ensure you make an informed choice.</p> <p><strong>1. How much will I save moving to a smaller home?</strong></p> <p>A big reason to downsize is to save money, but you might not always save as much as you think when you really drilldown into the costs. Carefully compare the costs of your potential new dwelling with how much you’re spending now. Consider everything including the price of the house, maintenance, utilities, transport, entertainment and food.</p> <p><strong>2. Will the new neighbourhood fit my lifestyle needs?</strong></p> <p>When people retire their needs change; they no longer need to live in an area close to work or near good schools, for example. With this new change, you will have to work out what your new needs might be, and take that into consideration when looking for a place. Downsizing isn’t just about the house but the type of neighbourhood you want to live in.</p> <p><strong>3. How much longer will I be able to maintain my current home?</strong></p> <p>As you age, you might find that you’re not able to maintain a big house with a big garden as well as you once did. If those little maintenance projects are taking much longer than usual, it could be time to downsize. A house takes very little time to fall into disrepair, which means the property loses vales. It’s a smart idea to sell a house when you are able to make it looks its best.</p> <p><strong>4. What will I bring with me and what will I lose?</strong></p> <p>The reality of a smaller place is that there will be less space to put your things. For many people, the hardest part of downsizing is decluttering, so do the mental preparation of deciding what you’re going to bin (or give to charities) before you actually move – otherwise you might end up bringing too much with you. You will have to make some tough, sometimes emotional, decisions but don’t let your “things” hold you back from moving forward.</p> <p><strong>5. How is your health and your partner’s health?</strong></p> <p>It’s always best to move when you’re fit and able rather than being forced to by circumstances later down the track. And even though you’re healthy now, you need to consider your future health needs when deciding on a new home. Will you always be able to navigate the stairs or mow the lawn? Is the place close to medical care? Is the neighbourhood senior-friendly? These are just a few questions to think through.</p> <p><strong>6. How close will family and friends be?</strong></p> <p>As people age, it’s common for social circles to shrink so in retirement, it’s more important than ever to keep socially active. Therefore, it’s crucial to factor in social connections and activities into your move. How close will family and friends be from your new place? Does your new neighbourhood have activities for retirees? Are there opportunities to make new friends and discover new activities? While retirement planning mostly focuses on finances, your emotional and social needs are just as important and should be carefully considered.</p> <p><em>Image credits: Getty Images</em></p>

Home Hints & Tips

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How an inspired moment led to a creative new path after retirement

<p>Seventy-year-old Bruce Blomfield is an inspirational character who decided to pursue his passion for yoga when he retired. Here 54-year-old yoga instructor, Tracy Adshead, interviews Bruce about his story and why he thinks that yoga offers something for everyone.</p> <p><strong>Tracy:</strong> How did it all start?</p> <p><strong>Bruce:</strong> When I decided to retire in 2014, I joined a yoga group on a trip to Nepal, where we assisted with resource development in a remote village and also practiced yoga with the spectacular Himalayas as a backdrop. Our yoga teacher on the trip was very enthusiastic about the success she was having with her chair yoga classes for seniors in her Australian hometown. This got me thinking – maybe this was something I could work toward as a retirement pursuit and offer as a service to other seniors in my community.</p> <p><strong>Tracy: </strong>As someone over 60 were there any particular challenges to completing the teacher training?</p> <p><strong>Bruce:</strong> I had a ‘mid-life crisis’ about 20 years ago and changed career direction, this entailed quite a bit of academic study which I thrived on. However, when I launched into the academic content of the yoga teacher training, along with the physical and emotional challenges, the brain took some ‘serious encouragement’ to take up the challenge; bit of a wake-up call. My brain believed it had been pensioned off!</p> <p>Anything worthwhile requires effort and the teacher-training programme certainly endorsed this! Squatting on the floor for long periods with my old bones was interesting and it quickly forced my brain and body out of retirement mode. Physical, mental/academic and emotional challenges meant I had to dig deep but the rewards have been enriching in every way – new friendships, a renewed personal commitment and confidence.</p> <p>What I experienced was an ongoing ‘tension’ between challenging myself with new mental, emotional and physical tasks whilst at the same time needing to offer myself, and my body forgiveness, along with a lot of self-love, when some parts were out of reach!</p> <p><strong>Tracy: </strong>Have your experiences of teaching or practicing yoga changed your view of ageing at all?</p> <p><strong>Bruce:</strong> I took up yoga about 14 years ago largely due to injuries from a 30+ year farming career – including a hip replacement. As I age and my yoga journey progresses, I gain great confidence and solace from the physical and mental benefits that yoga provides me with. Yoga offers something for everyone – there is no need to vegetate due to restricted mobility, or some form of physical incapacitation. I believe now that ageing does require you to maintain a certain non-judgemental demeanour about yourself as you stumble through.</p> <p><strong>Tracy:</strong> What advice would you offer anyone approaching retirement about pursuing a new venture?</p> <p><strong>Bruce:</strong> Probably for the first time in your life you can really ‘go with the flow’ – if you have a passion for something - give it a shot. Whether it works or not the experience is a huge growth curve – you learn so much about yourself. Maintain self-love it will bring you contentment, as I mentioned - anything worthwhile requires effort! Take a deep breath and give it a go.</p> <p><strong>Tracy:</strong> What are you up to when you're not teaching yoga?</p> <p><strong>Bruce:</strong> My wife and I have three children and six grandchildren who are a big part of our lives. We like to travel each year and spend time with friends. I also read, swim and have a gym routine which I practice on a regular basis. And of course now I’m very involved in my community teaching Chair Yoga at our local retirement village. I’m not sure who motivates who – but we have a blast during these classes!</p> <p><em>Images: Getty</em></p>

Retirement Life

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4 tips to ensure a happy and healthy retirement

<p>It’s the “R” word everyone is talking about. Retirement. And we want you to do it the right way! We’ve got wonderful visions of holidays, sleep-ins and taking time to indulge in whatever takes your fancy. Here’s your survival guide for a healthy, happy retirement.</p> <p><strong>1. Active living</strong></p> <p>Regular physical activity brings not just health benefits for your body, but for your mental stability, daily functional abilities and social skills too. Regular physical movement can be a simple treatment for depression, as it enhances your mood and creates positive energy. It also reduces your chances of getting heart disease, certain cancers plus it helps reduce the effects of osteoarthritis. Being active means better balance, agility and strength, and are less prone to falling.</p> <p><strong>2. Healthy eating</strong></p> <p>Healthy eating is a key strategy for healthy ageing. It is also an important factor in handling stressful times in our lives, such as the transition to retirement. Don’t waste time eating fast food, healthy eating is key to more energy and overall better quality of life. Cooking brings with it great satisfaction, so get out your cookbooks and get ready to get your hands, pots and plates dirty. Challenging your brain to try out a new recipe will keep you busy and others fed.</p> <p><strong>3. Social networking</strong></p> <p>Having a strong group of contacts is important when retiring. Be sure not to isolate yourself but instead embrace life and other people that are in it. Your social community may include all kinds of contacts, such as family members, neighbours, friends, colleagues from work, club members, and even religious community members. Boost your networks by joining the gym, volunteering at an animal shelter or helping out at local community events be it with schools or charity fundraisers.</p> <p><strong>4. Wishful thinking</strong></p> <p>Positive thinking and practical methods are key: When you envision yourself achieving your life dreams and set realistic goals the chances of success are high. Imagining a good outcome minimises stress, anxiety, can lower your blood pressure and put you in a good mood.</p> <ul> <li>Formulate dreams you’re truly passionate about</li> <li>Visualise the best possible outcome</li> <li>Tackle the obstacle step by identifying what’s holding you back</li> <li>Make it happen by actively planning what you’re going to do and how you will manage it appropriately, ie: money budgeting, getting out more, trying new things</li> </ul> <p><em>Images: Getty</em></p>

Retirement Life

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Should I put more money into my super? What are the benefits and can I take it out before retirement if I need it?

<p>Superannuation is never far from the headlines lately, with the government recently calling for <a href="https://treasury.gov.au/consultation/c2023-361383">views</a> from the public on what the objective of super should be. </p> <p>The basic idea behind super is you set aside a portion of your pay over your working life, so you can build up a nest egg to see you through your retirement years. </p> <p>But what if you’re worried you might not have enough super by the time you retire? Yes, you could top up your super now and watch the nest egg grow through the magic of <a href="https://moneysmart.gov.au/saving/compound-interest">compound returns</a>– but what are the downsides?</p> <p>If you’re considering putting more money into your super, and want to know more about how the whole system works, here are the basics.</p> <h2>What are the rules about putting more money into my super?</h2> <p>First, make sure you know where your superannuation actually is and how much you’ve got so far. This <a href="https://www.ato.gov.au/forms/searching-for-lost-super/">page</a> from the Australian Tax Office explains how to search for any lost super.</p> <p>The next thing to know is there are <a href="https://www.ato.gov.au/individuals/super/in-detail/growing-your-super/super-contributions---too-much-can-mean-extra-tax/?page=2#Understanding_contribution_caps">limits</a> to how much you can contribute into superannuation. </p> <p>There are two types of super contributions you can make.</p> <p>The first category is called “<a href="https://moneysmart.gov.au/grow-your-super/super-contributions">concessional contributions</a>”. These are taxed at 15%, which may be lower than the tax you’d otherwise have to pay on that money. So making these super top-ups can not only grow your nest egg, but save you tax.</p> <p>The amount of concessional contributions you can make is A$27,500 per annum. That figure includes all the super your employer puts in your super account and any extra contributions you make under a salary sacrifice scheme or where you are claiming an income tax deduction.</p> <p>The second category, known as “non-concessional contributions”, means money you pay into your super withoutclaiming a tax deduction. This could be, for example, money from savings, an inheritance or a lottery win.</p> <p>There is a limit of $330,000 over three years (or $110,000 per year), for these contributions.</p> <h2>What are the benefits of topping up my super?</h2> <p>Two words: compound returns.</p> <p>Compound returns are where you earn returns not only on the original investment you put in, but also on any returns on that investment. As the government’s <a href="https://moneysmart.gov.au/saving/compound-interest">Moneysmart</a> website puts it, “you get interest on your interest”.</p> <p>Over the years, this means you could earn a lot more than you would if you didn’t top up your super. </p> <p>How much more? Well, it depends on the investment return and fees of your fund.</p> <p>But as an example: thanks to compound returns, putting an extra $100 per month into your super from age 30 could <a href="https://www.calc.help/industrysuper/add-extra-to-your-super">mean you retire</a> with an extra $65,000 in your account (here, I’ve assumed investment returns of 7.5%, accumulation inflation of 4% and salary inflation of 4%).</p> <p>And the longer it is there, the more it will grow – so starting top-ups early might pay off. </p> <p>This is particularly important for <a href="https://theconversation.com/spirals-and-circles-snakes-and-ladders-why-womens-super-is-complex-103763">women</a>, whose super balances may look a bit feeble if they take parental leave or cut their hours while raising a family.</p> <p>Then there’s the tax benefits of super top-ups. If you would normally pay a net tax rate higher than 15% on investments such as shares, your money will grow more quickly inside superannuation than shares.</p> <p>You may also be eligible for government co-contributions that add to your balance if you make a non-concessional contribution during the year and your income is less than $57,016.</p> <h2>So what’s the downside? Can I access my superannuation before retirement?</h2> <p>Basically, no. You must meet a “<a href="https://www.ato.gov.au/individuals/super/in-detail/withdrawing-and-using-your-super/withdrawing-your-super-and-paying-tax/?page=2#Conditionsofrelease">condition of release</a>” before being able to access your superannuation.</p> <p>The most common is retirement, defined as reaching the age of 65 or leaving work after reaching “preservation age” (which is 60 for anyone born after July, 1964).</p> <p>There are some <a href="https://www.ato.gov.au/Individuals/Super/Withdrawing-and-using-your-super/Early-access-to-your-super/">special circumstances</a> where you may be able to access your superannuation early.</p> <p>These are very narrow, and include serious financial hardship or necessary medical treatment that cannot be funded any other way. </p> <p>Death or terminal illness also qualify for release.</p> <h2>But what if I need a deposit for a house?</h2> <p>This is a dilemma for non home-owners. After compulsory superannuation guarantee deductions and HECS-HELP, it may be hard to save a deposit.</p> <p>One of the few circumstances where you access your superannuation early is through the <a href="https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/">First Home Super Savers Scheme</a>. </p> <p>If you make voluntary contributions, you may be able to withdraw these contributions for a home deposit. </p> <p>However, this scheme is very tightly regulated. You can read more about the rules for this scheme <a href="https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/">here</a>.</p> <h2>So… should I put more money into my super?</h2> <p>It depends. If you do, make sure you understand you will not be able to access that money until retirement.</p> <p>If you own your home (or intend to rent until retirement) you may want to put more into superannuation while you can afford it, knowing it is contributing to a secure retirement. </p> <p>But if home ownership is your goal, you should think carefully about choosing between superannuation and saving for a home deposit.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared in <a href="https://theconversation.com/should-i-put-more-money-into-my-super-what-are-the-benefits-and-can-i-take-it-out-before-retirement-if-i-need-it-201950" target="_blank" rel="noopener">The Conversation</a>. </em></p>

Retirement Income

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Beloved singing star reveals condition that may force early retirement

<p>Scottish singer and songwriter Lewis Capaldi has opened up about his battle with Tourette’s syndrome, admitting it could lead him into early retirement.</p> <p>The <em>Before You Go</em> singer, 26, has shared details of his condition with fans in the past, making light of it online, even going viral on TikTok for how he handles his on-stage tics.</p> <p>Speaking to The Sun, the 26-year-old revealed it is a “very real possibility” he will have to put the mic down if his condition deteriorates.</p> <p>"It's triggered by stress, anxiety, and excitement. Basically, any strong emotion, you're f—ed," Capaldi, who was diagnosed with Tourette’s in 2022, said.</p> <p>"There are times it has been really bad and I've wondered whether I can continue to do this with the stress, anxiety, and Tourette's. It all comes as a direct result of doing this job.”</p> <p>Capaldi, renowned online for his self-deprecating sense of humour and cheeky commentary, said he has worried that the crowd may mistake his tics for drug use.</p> <p>He also revealed he may have to stop making music and performing if the condition progresses.</p> <p>"This isn't drugs, and I've had that accusation on nights out. People have asked me directly, 'Are you on drugs, is it cocaine?'" He explained.</p> <p>"If it got to a point where my quality of life was drastically diminished, I'd just have to quit.”</p> <p>Capaldi’s powerhouse voice has thrown him into the mix with UK greats including Sir Elton John and Ed Sheeran.</p> <p>He said that John has been a pillar of support during his struggles with anxiety, telling The Sun that the <em>Rocket Man</em> singer emails him regularly.</p> <p>In early 2023, a clip from Capaldi’s concert made waves online after fans helped him finish the song as he experienced a tic attack on stage.</p> <p>Capaldi was singing his perhaps most famous song, Someone You Loved, at a concert in Germany on February 21.</p> <p>Audience members were quick to notice the singer struggling, so they continued the song from where he left off, with him holding onto the microphone in an attempt to compose himself.</p> <p>In 2022, Capaldi shared his diagnosis with fans on Instagram.</p> <p>"I do the shoulder twitch a lot. And you see underneath every TikTok and stuff, people are like, 'Why is he twitching?', which is fine. Curiosity is fine. I get it," he said.</p> <p>"I haven't really learned much about it. I'm learning. I've got Botox on my shoulder to stop it moving. It worked for a bit," he said.</p> <p>"The worst thing about it is when I'm excited, I get it; when I'm stressed, I get it; when I'm happy, I get it. It happens all the time.</p> <p>"Some days it's more painful than others and some days it's less painful. It looks a lot worse than it is. Sometimes it's quite uncomfortable … but it comes and goes."</p> <p><em>Image credit: Getty</em></p>

Music

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Planning the move to a retirement village

<p>For many, retirement brings with it a new lease on life – whether that comes in the form of an opportunity to seek fresh challenges, studying something you’ve always been interested in, volunteer, travelling, help looking after your grandchildren or learning new skills. In any case, planning what you want your retirement years to look like is the best way to discover what direction you might like to go in.</p> <p>Planning allows you to be well prepared – both financially and emotionally – and gives you the best chance of achieving the financial security and lifestyle you would like in the years ahead. Ultimately it also gives you the ability to take control of your life. Do it when you are healthy and independent and can make well-informed decisions. Here are some things to consider when you start making plans to move to a retirement village.</p> <p><strong>A time of change</strong></p> <p>Where you live in retirement can greatly affect your quality of life. It is hard to predict what the type of housing that suits you early in your retirement may not suit your needs later. The need to change housing or location can be triggered by changing health needs, the loss of a driver’s licence or the need to be closer to essential services. You may need to occasionally reassess where you are living to see whether it still suits your needs.</p> <p><strong>What are your options?</strong></p> <p>Only you can decide what housing will suit you best but here are some option and issues to consider, whether you choose to stay in your home, or move either to other private accommodation, public housing, a retirement village or nursing home.</p> <p><strong>Location, location, location</strong></p> <p>Before you decide to move, ask yourself the following questions:</p> <ul> <li>What type of accommodation will suit your needs?</li> <li>Where are the shops, support services and transport located?</li> <li>What is the cost of public transport and how accessible is it?</li> <li>How accessible will your family and friends be?</li> <li>Will the activities you enjoy be easily accessible?</li> </ul> <p>Also consider all options before you move to your favourite destination. It can be very different when you are living somewhere rather than just visiting on holiday. Sometimes holiday destinations lack a range of suitable amenities and you could be forced to relocate if your needs change.</p> <p><strong>Retirement villages</strong></p> <p>Retirement villages usually have self-contained units with one or two bedrooms and some communal facilities and regulated by the Retirement Villages Act 2003. </p> <p>While retirement village living does not suit everyone, many people thrive on the companionship and feel safe and secure in the environment.</p> <p>It is important to be fully aware of the economic, legal and lifestyle implications involved in moving to a retirement involved in moving to a retirement village. Some of the issues to consider include:</p> <p><strong>Money wise</strong></p> <p>The earlier you develop a financial plan, the more likely you are to achiever your financial goals and preferred lifestyle in retirement. Do you need a financial advisor?</p> <p>It is worthwhile taking to an experienced and licensed financial advisor to review your total financial status and offer advice about what might make your assets work for you in the best way, taking into consideration your income, goals, objectives and attitude towards financial risk.</p> <p><em>Images: Shutterstock</em></p>

Retirement Life

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Why do musicians like Elton John find retirement so tough? A music psychology expert explains

<p>With his <a href="https://www.eltonjohn.com/stories/farewell-yellow-brick-road">Farewell Yellow Brick Road tour</a>, Elton John confirmed his latest plans for retirement. The final show of the tour in July 2023 will be his last. However, deja vu suggests this might not be the last we see of Elton.</p> <p>The singer has announced plans to retire <a href="https://www.musictimes.com/articles/8902/20140817/elton-john-career-false-retirements-brief-chronological-look.htm">at least five times</a> since 1984 but is still going strong. By the end of his current tour, Elton John will have performed in over 300 concerts in the UK, the US and Europe and he shows no sign of slowing down. He’ll perform a <a href="https://www.billboard.com/music/pop/elton-john-final-uk-show-glastonbury-festival-1235180982/">headline slot at Glastonbury</a> in 2023.</p> <p>Elton is not the only performer with a history of retiring and unretiring. He is in good company with <a href="https://abcnews.go.com/Entertainment/story?id=113477&amp;page=1">Barbra Streisand</a>, <a href="https://twitter.com/justinbieber/status/415683404462436352?lang=en">Justin Bieber</a>, <a href="https://www.revolt.tv/article/2022-07-14/180311/jay-z-explains-2003-retirement-i-thought-i-was-burned-out/">Jay-Z</a>, <a href="https://www.nme.com/news/music/lily-allen-hints-she-may-not-retire-just-yet-after-olivia-rodrigo-glastonbury-performance-3258600">Lily Allen</a> and <a href="https://ultimateclassicrock.com/phil-collins-retired/">Phil Collins</a>. </p> <p>Hip-hop star <a href="https://www.upi.com/Entertainment_News/2022/02/04/Nicki-Minaj-returns-music-new-single-Do-We-Have-Problem/9811643982091/">Nicki Minaj’s</a> retirement lasted for only 22 days, while heavy metal singer <a href="https://ultimateclassicrock.com/ozzy-osbourne-retirement-1992/">Ozzy Osbourne’s</a> valedictory No More Tours tour in 1992 preceded a further 30 years of performance.</p> <p>In contrast with handsomely rewarded performances on the global stage, retirement can be an intermittent pipe dream for many musicians. Long, unsociable hours in the music industry often offer modest remuneration and few of the perks available in other sectors. </p> <p>There is <a href="https://www.gov.uk/working-retirement-pension-age">no compulsory retirement age</a> in the UK, which can be a godsend for lower paid professional performers who find that saving for an adequate pension is beyond their means. In these cases, working <a href="https://theconversation.com/ageing-activism-why-we-need-to-give-voice-to-the-new-third-age-50305">beyond the third age</a> is a necessity.</p> <p>For Elton and his internationally acclaimed peers, however, the incentive to return to performing is less likely to be financial. So why do some successful musicians find it so hard to stick to retirement?</p> <h2>The motivation of the stage</h2> <p>The key to understanding this lies in motivation. </p> <p>For many musicians, the motivation to perform is intrinsic rather than extrinsic. Extrinsically motivated performers are interested in tangible rewards such as money. <a href="https://journals.sagepub.com/doi/full/10.1177/0305735617721637">Intrinsic motivation</a> meanwhile, is present when a musician performs mainly because of a strong inner desire to make music.</p> <p>For intrinsically motivated performers, making music is inherently pleasurable and a means unto itself. This partly explains why the music profession remains attractive even if it does not always bring the financial security of other careers. It also explains why some celebrated performers find it difficult to stay out of the public arena.</p> <p>Among those with a passion for music, the rewards of performance often exceed the financial benefits. The status and accolades derived from a celebrated performance career provide a source of affirmation which can become difficult to obtain elsewhere. </p> <p>Once human beings have fulfilled their basic needs of food, water, shelter and relationships, <a href="http://eznow7jgmenpjz.pic3.eznetonline.com/upload/MASLOW_YQfG.pdf">self-actualisation</a> becomes a significant driving force. For dedicated performers, achievement in the musical sphere can become an irreplaceable vehicle for attaining self esteem, personal growth and the satisfaction of fulfilling their potential.</p> <h2>You’re only as good as your last performance</h2> <p>Identity is also a central component in the motivation to perform. Continuing to perform professionally <a href="https://westminsterresearch.westminster.ac.uk/download/fbc3b0a7fd80bcb648344f9d298414ece784f56ff9018d267fd77a7fce70a980/519636/Gross%20%26%20Musgrave%20%282017%29%20Can%20Muic%20Make%20You%20Sick%20Pt2.pdf">can provide validation</a> for musicians, regardless of the level of income and recognition.</p> <p>For many, being a musician is inextricably linked with their sense of self. Their self worth is then strongly affected by their capacity to perform. This is especially true for singers, as voice is an integral part of <a href="https://www.researchgate.net/profile/Jane-Oakland/publication/258173213_Re-defining_'Me'_Exploring_career_transition_and_the_experience_of_loss_in_the_context_of_redundancy_for_professional_opera_choristers/links/00b7d52d6675946763000000/Re-defining-Me-Exploring-career-transition-and-the-experience-of-loss-in-the-context-of-redundancy-for-professional-opera-choristers.pdf">identity formation and expression</a>.</p> <p>There is some truth in the old saying; “You’re only as good as your last performance.” If you’re not performing at all, how good can you be? </p> <p>For retired musicians, <a href="https://www.researchgate.net/profile/Jane-Oakland/publication/280067238_AGEING_AND_RETIREMENT_TOWARDS_AN_UNDERSTANDING_OF_THE_EXPERIENCES_OF_SYMPHONY_MUSICIANS_AS_THEY_APPROACH_RETIREMENT/links/55a640e008aee8aaa765644b/AGEING-AND-RETIREMENT-TOWARDS-AN-UNDERSTANDING-OF-THE-EXPERIENCES-OF-SYMPHONY-MUSICIANS-AS-THEY-APPROACH-RETIREMENT.pdf">it can be challenging</a> to find a comparable way to channel the energy they once dedicated to performance.</p> <p>Musicians, like other professional groups, are diverse in many ways, but there are some personality traits different types of musicians tend to share. </p> <p>For example, classical musicians typically score highly on introversion, which partly accounts for <a href="https://journals.sagepub.com/doi/pdf/10.1177/03057356810090010201">their ability to focus</a> on the solitary practice necessary for developing technique before engaging in ensemble playing.</p> <p>In contrast, rock and pop musicians tend to <a href="https://journals.sagepub.com/doi/epdf/10.1177/0305735694222006">score highly</a> on extroversion, often learning and rehearsing more informally in collaboration with their peers. Extroverted performers often derive their energy from audience interaction so it can be difficult to achieve that “buzz” once the music stops.</p> <h2>Don’t stop me now</h2> <p>Performing music is <a href="https://www.frontiersin.org/articles/10.3389/fpsyg.2015.00906/full">widely recognised</a> as a way of achieving the highly desired state of “flow”, otherwise known as “peak performance” or being “in the zone”.</p> <p>Providing that the challenge of performing closely matches the skill level of the performer, <a href="https://nuovoeutile.it/wp-content/uploads/2015/12/2002-Flow.pdf">music can become an all-absorbing activity</a>, which is so immersive that it distorts our sense of time and distracts us from our everyday concerns. During live concerts, the audience and performers can experience a sense of <a href="https://sociologicalscience.com/download/vol-6/january/SocSci_v6_27to42.pdf">“collective effervescence”</a> rarely achieved elsewhere.</p> <p>Add in the emotional high derived from the adrenaline released in public performance and we can begin to understand why the rewards of performance can be difficult to replace in retirement.</p> <p>Rihanna’s <em><a href="https://www.youtube.com/watch?v=yd8jh9QYfEs">Don’t Stop the Music</a></em>, Queen’s <em><a href="https://www.youtube.com/watch?v=HgzGwKwLmgM">Don’t Stop Me Now</a></em> and Elton’s <em><a href="https://www.youtube.com/watch?v=ZHwVBirqD2s">I’m Still Standing</a></em> are these musicians ways of telling us that they want to be in the limelight, just as much as their audiences want them to stay there.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://theconversation.com/why-do-musicians-like-elton-john-find-retirement-so-tough-a-music-psychology-expert-explains-197362" target="_blank" rel="noopener">The Conversation</a>. </em></p>

Music

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Streets on fire after controversial raising of retirement age

<p>French Emmanuel Macron has ignited a furious spark in the people of France with controversial new pension reforms - those that would see the country’s pension age raised from 62 to 64. </p> <p>The changes were reportedly pushed through their parliament without a proper voting process - it has been said that Macron employed “special constitutional powers” to see it through. </p> <p>Protesters flocked to the streets in response, with over 250 different protests organised nationwide, in a move that has been praised by union leaders. </p> <p>However, while hundreds of thousands of participants experienced peaceful marches through some of the country’s largest cities, tensions were high in Bordeaux, and the town hall felt the full brunt of it when it was set alight. </p> <p>While it is not known who was responsible for the fire, it was quickly extinguished. </p> <p>In Paris, where the majority took part in peaceful demonstrations, violence did rear its head, with a number of clashes between protestors and police officers breaking out - shop windows were broken, street furniture demolished, and fast food establishments attacked. </p> <p>It has also been reported that while police were the target of various projectiles, they made use of tear gas to push back those responsible for any rioting behaviour. And at Place de l’Opera, the location at which demonstrators concluded their march, the tear gas was back, covering a portion of the area in a haze of fumes.  </p> <p>The official demonstration in Paris - which had drawn people from all over the French social spectrum - was not the only one to take a violent turn, with the cities of Nantes, Rennes, Lorient, and Lyon facing similar fates. </p> <p>The protests, coupled with strikes and industrial action across the country, disrupted transport and prompted the cancellation of flights, with airport authorities claiming roll-on effects from the chaos. Protestors also succeeded in blocking off Terminal 1 of France’s largest international airport, the Charles de Gaulle airport. </p> <p>As to why the French had taken this approach to fighting the reforms, one demonstrator in Nantes summed it up by declaring “the street has a legitimacy in France. </p> <p>“If Mr Macron can't remember this historic reality, I don't know what he is doing here.”</p> <p>And as another told <em>Reuters</em>, "I oppose this reform and I really oppose the fact that democracy no longer means anything. We're not being represented, and so we're fed up."</p> <p>"It is by protesting that we will be able to make ourselves heard because all the other ways ... have not allowed us to withdraw this reform," another explained to <em>AFP</em>.</p> <p>The women on the streets were furious, seeing Macron’s move as one that targeted them in particular, especially those that had been forced to step away from their careers to dedicate their time to raising their children. </p> <p>As one social worker told <em>The Guardian</em>, “everyone is angry. Everyone thinks this law is unfair, but it particularly penalises women who are expected to produce future generations of the nation, and then find they are punished for doing so.”</p> <p>“They want to raise it to 64 today. Will it be 66, 67, 68 tomorrow?” a teacher implored. “They tell us life expectancy is longer but are we to work until we collapse and are carted off to the crematorium?”</p> <p><em>Images: Getty</em></p>

Retirement Life

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5 super simple ways to save cash for retirement

<p>During the lead-in to retirement, money management becomes more important than ever. And while we often get lost pondering over in the major financial decisions, getting the minor financial decisions right can be just as important.</p> <p>We’re going to run through five simple ways any soon-to-be-retiree can save cash for their golden years. Sometimes the smallest changes make the biggest difference. </p> <p><strong>1. Set targets</strong></p> <p>Saving can be difficult if you don’t know where the goalposts are placed. But how much do you really need to retire? As <a href="http://119.9.30.84/blog/are-you-retirement-ready" target="_blank"><strong><span style="text-decoration: underline;">Equip notes</span></strong></a>, “According to ASFA (the Association of Superannuation Funds of Australia), a couple needs approximately $640,000 in retirement savings for a comfortable lifestyle. For a single person that number is $545,000.”</p> <p>Setting minor saving targets, even if it’s just a little bit of money here and there every week, can get the ball rolling and start putting yourself in a position to prop up your nest egg.</p> <p><strong>2. Shop smarter</strong></p> <p>While you don’t want to be living like a miser, smarter shopping choices can add up. Keeping your ear to the ground for discounts, taking advantage of specials and avoiding any discretionary purchases will help keep you in the black.</p> <p><strong>3. Clear any outstanding debt</strong></p> <p>Debt can be an inconvenient drain on your income in the lead-in to retirement. If you’re set to take the plunge and find yourself in a mire of debt, it’s important to take necessary steps as soon as possible, which might mean finding a financial planner. </p> <p><a href="http://119.9.30.84/blog/are-you-retirement-ready" target="_blank"><strong><span style="text-decoration: underline;">Equip says</span></strong></a>, “Having outstanding debts as you approach retirement isn’t necessarily a problem, but it does require some planning. For example - do you use your super to pay off your mortgage? There’s no simple answer, but speaking to a financial planner can help you understand your options and what they mean in the long term.”</p> <p><strong>4. Change spending habits</strong></p> <p>Ultimately, if you’re looking to save some extra cash for retirement you’re going to have to change your spending habits. Little things like drinking coffee at home, or staying in for lunch and dinner can make a big difference in the long run.</p> <p><strong>5. Explore your options</strong></p> <p>Taking the measures listed above is a good start, but you’re only scratching the surface of what you can do to prop up your retirement income. <a href="https://www.equipsuper.com.au/financial-planning/meet-our-financial-planners" target="_blank"><strong><span style="text-decoration: underline;">Qualified financial planners</span></strong></a> can give you advice and guidance on little things you can do in your day to day life that will ensure you’re in a better position when you’ve reached retirement. </p> <p>What measures do you take to save cash?</p> <p><em><span style="text-decoration: underline;"><strong><a href="https://www.equipsuper.com.au/" target="_blank">Equip</a></strong></span> manages $7 billion of investments for members working across a wide range of Australian industry sectors. This <span style="text-decoration: underline;"><strong><a href="https://www.equipsuper.com.au/" target="_blank">superannuation fund</a></strong></span> has been providing strong investment performance and has been a reliable provider of retirement benefits for over 80 years.</em></p> <p><em>This article is for general information only. You should seek formal financial advice on your specific circumstances.</em></p>

Money & Banking

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Quentin Tarantino teases retirement

<p dir="ltr">Quentin Tarantino just might have found his last movie to direct. </p> <p dir="ltr">According to <em>The Hollywood Reporter</em>, the legendary filmmaker will be directing <em>The Movie Critic</em>, a script he wrote and is in the midst of putting it into production.</p> <p dir="ltr">There are not many details known about the movie, but according to the report, the movie will feature a female lead and will be set in Los Angeles in the 1970s, which has led to speculation about the subject of the film being the late film critic, Pauline Kael. </p> <p dir="ltr">The filmmaker’s last movie was always set to be a special one, with him having well-documented respect for Ms Kael, so it makes sense that she would be the focus of his last film. </p> <p dir="ltr">Tarantino has long been considering his next movie, pretty much since his Oscar winning <em>Once Upon a Time in Hollywood</em> in 2019. </p> <p dir="ltr">He spoke to broadcast journalist Chris Wallace about sounding out of touch as the film industry rapidly changes around him; Tarantino explained, “Well, it's... I've been doing it for a long time. I've been doing it for 30 years, and it's.. it's time to wrap up the show. </p> <p dir="ltr">“Like I said, I'm an entertainer. I want to leave you wanting more you know, and not just work and I don't want to work to diminishing returns.</p> <p dir="ltr">“I don't want to be... one, I don't want to become this old man who's out of touch when already I'm feeling a bit like an old man out of touch when it comes to the current movies that are out right now. And that's what happens.”</p> <p dir="ltr">It seems as though a brand new story is where Tarantino will end his directorial career.  </p> <p><span id="docs-internal-guid-b246f25a-7fff-6ec0-4501-41a66523bd46"></span></p> <p dir="ltr"><em>Image credit: Getty</em></p>

Movies

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5 retirement derailers and how to avoid them

<p>The business of working life means retirement can sneak up on us. For the unprepared, the speeding train can quickly fall off the tracks – with potentially devastating consequences.</p> <p>Thankfully, if you know what to look for and how to prepare, you can reach your retirement destination safe and sound:</p> <ol> <li><strong>Failing to plan</strong></li> </ol> <p>Failing to plan means planning to fail.</p> <p>Ideally, you haven’t put off having a spending and investment plan until now. So, what’s needed is to update that plan.</p> <p>Your update should cover:</p> <ul> <li>When will you stop working? Will it be gradual? What about your partner?</li> <li>How will you fund your retirement? How much will you need? How often?</li> <li>Your eligibility for a full or part <a href="https://www.servicesaustralia.gov.au/how-much-age-pension-you-can-get?context=22526">age pension</a>? (Remember, the family home isn’t means tested, so you may be eligible even without realising it!)</li> <li>Any benefits/payouts you’re entitled to and what to do with them – e.g., bonuses, share options, proceeds of a business sale.</li> <li>New and changed living costs in retirement – new hobbies, extra travel, higher energy bills from more time at home.</li> </ul> <ol start="2"> <li><strong>Poor super strategy</strong></li> </ol> <p>Superannuation should never be set-and-forget – before or in retirement.</p> <p>Before retiring, look at maximising your super’s value – including <a href="https://www.ato.gov.au/individuals/income-and-deductions/offsets-and-rebates/super-related-tax-offsets/#Taxoffsetforsupercontributionsonbehalfof">spousal contributions</a> and <a href="https://www.ato.gov.au/individuals/super/in-detail/growing-your-super/super-co-contribution/">co-contributions for low and middle-income earners</a>. There are loads of other strategies too.  This money gets invested for faster growth, while delivering you tax concessions now.</p> <p>Then determine how and when to begin drawing from it. Avoid the temptation to go big and risk blowing it all early, leaving nothing to support you in your later years. Check in regularly to ensure continued growth – potentially even offsetting what you’re withdrawing as income.</p> <ol start="3"> <li><strong>No stable home</strong></li> </ol> <p>"Older households that were not able to access or sustain home ownership when they were younger are more likely to face high housing costs in their retirement than similar households who are home owners," a <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook46p/HomeOwnership">Parliamentary paper</a> notes. </p> <p>The family home is effectively our only tax-free asset (save for buyers’ stamp duty). Its equity can be leveraged to fund other income-producing investments – property rents, share dividends etc. Or it can be sold, allowing you to downsize comfortably and still have money left over.</p> <p>Home ownership also offers stability when you need it most – moving is more cumbersome as your years advance, plus securing rental accommodation is usually harder when you’re no longer working.</p> <p>It needn’t be much, but owning property keeps many doors open to you in retirement.</p> <ol start="4"> <li><strong>Inadequate estate planning</strong></li> </ol> <p>There are two major mistakes around estate planning: </p> <ul> <li>Not having a current will: Devising a will is generally simple and not expensive. So don’t put it off. If you do have one, when was it last updated? Does it reflect your current circumstances – relationships breakdown, remarriage, children/stepchildren, grandkids? If not, you could inadvertently lavish your ex or overlook loved ones.</li> <li>Undeclared beneficiaries: Contrary to popular belief, wills don’t cover everything. Superannuation, businesses, trusts etc. are treated separately, requiring you to nominate beneficiaries within their structures. Not doing so can lead to disputes or the government becoming your primary benefactor. </li> </ul> <p>Work with your team – lawyer, financial adviser and accountant to ensure your estate planning is done tax effectively and your loved ones won’t see their inheritance gobbled up in tax or other costs.</p> <ol start="5"> <li><strong>Insufficient protections</strong></li> </ol> <p>Just because you are or soon will be retired, doesn’t mean you don’t need protections. Arguably, you need them even more.</p> <ul> <li>Revisit insurances: Can you get retiree discounts/better coverage? Are any new assets you purchase covered – boat, caravan, artwork? Business/professional insurances may no longer seem relevant, but ensure they really aren’t needed before cancelling them – once they’re gone, you won’t get the same cover at the same price again.</li> <li>Guardianships/power of attorney: We never know what’s around the corner. Explore legal provisions should you become ill, disabled or otherwise unable to make decisions over your affairs or for children/dependents in your care. </li> <li>Social connections: Retirement can be lonely as you cease seeing colleagues daily. Memberships to sporting, crafts, automotive, gardening, and other clubs are good for maintaining social connections. Spend more time with family and friends too, but remember – they may not have as much free time as you do.</li> </ul> <p>Retirement should be enjoyable. Yet by not planning ahead, your twilight years could run off the rails. Investing a little time and effort now is sure to pay big dividends during your twilight years!</p> <p><em><strong>Helen Baker is a licensed Australian financial adviser and author of the new book, On Your Own Two Feet: The Essential Guide to Financial Independence for all Women (Ventura Press, $32.99). Helen is among the 1% of financial planners who hold a master’s degree in the field. Proceeds from book sales are donated to charities supporting disadvantaged women and children. Find out more at <a href="http://www.onyourowntwofeet.com.au">www.onyourowntwofeet.com.au</a> </strong></em></p> <p><em>Image credits: Getty Images</em></p>

Retirement Income

Over 60

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