Welcome to another instalment of Mind Over Matter, an initiative of the Stanford Brown Retiree Community!
Here we summarise the monthly highlights of the articles being uploaded to the Stanford Brown Sydney Retiree Community, our Facebook Group which has grown rapidly since commencing in March 2018. We welcome you and your friends & family to join in the community – otherwise, if you don’t have Facebook, this is for you to ensure you don’t miss out!
Reasons to Live: Finding Your Purpose after Retirement or Financial Independence
As far back as Aristotle thousands of years ago, up to the modern day, psychologists have found that when you have purpose and direction in your life – and you build your life around this, you tend to be much more fulfilled. It’s easier to make decisions with your money, with your time, with your friends, with everything if you know what it is that drives you in life.
What are you retiring to? Learning? Fitness? Service? Recreation? Spiritual Growth? This wonderful articleaddresses these themes and more that may assist in defining your purpose ahead of or during your retirement years. For a deeper dive to explore your own purpose and direction, you may like to use theLifetime Aspirations tool.
Serve it up and ace a longer life
Scientists are generally in agreement that consistent exercise can add a few years to life expectancy. However up until recently, exactly what kind of exercise was the best for us had remained uncertain. New research out of Denmark is showing that tennis is the superior sport for those wishing to live a longer life, adding nearly 10 years on average in life expectancy! Badminton (6 years) and cycling (3 years) come in at second and third respectively.
The research found that sports which combine regular exercise and social bonding lend toward enhanced longevity. Maybe Roger has a few more years left in him after all?
Putting Down Your Phone May Help You Live Longer
On the topic of finding ways in which we can live a happier, longer life – putting down our smartphone might be one of them. Mounting evidence is suggesting that our relationship with our smartphones is chronically elevating our bodies’ levels of cortisol – better known as the ‘fight or flight’ hormone. Cortisol is fine in sporadic, genuine cases of stress, but not simply because our phone is within arms’ reach nearly 24-hours a day. Scientists have linked high cortisol levels with depression, obesity, diabetes, high blood pressure, dementia, stroke and cardiac arrest. Good thing you won’t be using your phone whilst having a hit of tennis!
5 Things to do if You’re Forced into an Early Retirement
Almost a quarter of Australians are forced to retire, be it due to a redundancy and subsequently finding difficulty in finding new employment, personal health problems or becoming a personal carer. If this applies to you, read this article which takes you through 5 strategies that can help you take charge of your situation.
8 Small Things People use to Judge Your Personality
Innate human survival instincts have hardwired our brain to judge others, and often it’s the smaller, habitual things that help us form our judgement of someone else – be it the way someone treats a waiter or receptionist, or how long they take to ask questions. Read the full list here!
Keys to a Smooth Transition to Retirement
This article outlines some of the key characteristics of happy retirees when reflecting upon what they believe assisted their transition into retirement, based on a recent research program. Of notable importance were financial independence, engaging in purposeful activities (ring a bell?), thorough planning and receiving pre-retirement advice or education.
If you would like any pre-retirement advice of your own, feel free to contact one of our advisers!
Are We Doing Enough to Prepare for Retirement?
Within our current environment of compulsory superannuation in Australia, technology that is changing the way we work, and campaigns against ageism that are empowering older workers to continue work at least part time – are we and the government losing sight of the other important concerns of retirement planning? This article looks at the 9 ‘essential features’ of retirement in the 21st century and challenges what we and governments are doing to ensure they become a reality.
How Parents’ Financial Planning Influences Adult Children
“57% of respondents also reported that their parents’ financial planning for retirement had influenced their own planning”. This statistic highlights the importance of family discussions and involving an adviser to discuss financial matters generally or formally with their adult children.
100 Life Tips From 100-Year Olds
A wonderful article – people who are at least 100 years old gave advice on how to live a full life. Some are direct quotes, some are ideas; some are funny, others deep; but they are all useful!