21 May 2019

Fear of the Future – What You Can You Do About It?

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By Michael Rambaldini

Director | Certified Financial Planner | Aged Care Professional

We contemplate many things in life. As we get older, we often think of what life will look like. The uncertainty of old age and the unknown future can create many fearful thoughts.

One day we wake up with the fear of facing reality and discover how unprepared we are for our retirement. Will I have enough money to live on? Will I outlive my funds? Can I afford a new car? Can I afford a holiday?How long will my health last and what medical treatment will I need?

The easiest option is to brush these thoughts aside as they may be too daunting for us to face. Yet, not coming to terms with the reality of old age can be risky.

They may be our own fears. Also, consider the fears that our older loved ones may be facing.

Here are a few ways on how to overcome these fears:

  • Be financially prepared

Money becomes a critical issue when it’s scarce, especially during your retirement phase. Aiming to have enough income will provide a huge advantage in enabling you to have more choices when you retire. Make time for your financial preparation with your trusted Financial Adviser. By doing this when you still have full control of your financial capacity and will benefit you in the long run.

  • Communicate

Knowing how to use effective communication with your family and friends will surely help you acknowledge the inevitable changes in the coming years leading to your retirement. It will put your mind at ease when you are consoled emotionally by the people you trust. Don’t allow barriers in your conversations so that you are freely able to tell them how you feel and what expectations you have about your retirement.

  • Prioritise your Mental Health

A sound mind will always be your key to maintain the level of control you have for your life.

Keep your mental health as a priority because this is very crucial in obtaining the proper behaviour needed to live comfortably. Reading, playing puzzles, eating the right food for the brain are some great activities that enhances your mental health. Remember that Dementia, often starts upon reaching old age and has no cure.

  • Functional Movement

Engage in a regular functional movement exercise programme. Lifting and carrying bags of groceries, hanging up the washing, bending down to pick something off the floor, or climbing stairs are all examples of functional movement we all do daily. Doing a functional movement exercise programme that involves full body motion and engages the stability muscles helps maintain health and flexibility. It’s also very important in preventing injuries especially for older persons so that they can be engaged with the world around them. 

  • Keep a Positive Attitude

Just because we have fears and questions with no fixed answers doesn’t mean we lose our interest in sculpting a good life. Maintain a positive outlook and avoid negativity. Be aware of your current thoughts, feelings and surrounding environment in a positive state.

For more information and details on aged care and how to be fully prepared for retirement, please visit our website at www.verante.com.au

Verante Pty Ltd is a Corporate Authorised Representative of Viridian Select Pty Ltd, ABN 41 621 447 345, AFSL 515762. This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information consider its appropriateness, having regard to your objectives, financial situation and needs.