Retirement and Financial Stress

Retirement and financial stress could affect both health and longevity. Many people associate retirement and financial stress because of the major sources of financial challenges that baby boomers are facing like:

Career change after 50

In this tough economy the first thing that comes to mind is to use the internet as a source of additional income. SBI is the software I am using to create my website. You can explore the many options it provides to create a website with minimal or no experience in web design. I had absolutely none and now my site comprises hundreds of articles. If you can type you can have a website. It is that simple.

Retirement doesn’t have to mean doing nothing at all. In fact with a longer than ever life-expectancy, that probably is not an option for most. The main reason to continue working is money (or more like the lack of it).



I know many people who have planned ahead, invested and budgeted well, and still worry about their savings. I also know people who face a financial crisis if they stop working.

Other people need to supplement their personal pension (if they are lucky to have one). And there are of course, people who need to stay busy and active to keep a sense of purpose and identity.

Looking for a job after retirement could be a quite stressful endeavor by itself. You need to prepare for an interview (when was the last time you had one?), and learn how to transfer your skills. Retirement jobs online provides valuable information about full time or part time job opportunities for boomers.

Taking care of elderly parents

You are lucky to have your parents still around you, but as they get older and older it can be very stressful to handle the day-to-day care, health needs and financial issues. The cost of nursing homes, medication, and insurance for the elderly can be financially challenging.

The Sandwich Generation

Looking after the needs of growing children can be challenging. Add that to the demands of caring for aging parents, and the responsibilities of the so-called "sandwich generation" can be overwhelming in terms of retirement and stress.

I know many retired people who take care of grandchildren in order to financially help out their working children.

To sell or not to sell the house?

Once the children are gone, the house suddenly looks too big and empty, the cost of heating and cooling it going up each year, and it is becoming increasingly difficult to keep it up. There are also health issues to consider- stairs, accessibility for people with disabilities, proximity to a medical facility, to shopping center, etc.

If you think you are going to have a stress free retirement ONLY because you have managed well your portfolio – you may be surprised to read that money may not guarantee you anything remotely free of stress if you don't take care of your health.

Copyright Dr. Nelly Stoyanova

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Author's bio: Dr. Nelly Stoyanova is a physician, medical researcher and health behavior expert. She studies the effects of stress on heart disease, type 2 diabetes and sleep. Her website: Belly Fat, Stress and Baby Boomers (http://www.stress-fat-heart-solutions-for-boomers.com) evaluates sources of stress for people over 50 and provides great tips to balance your day-to-day stress and stay healthy. Turn your life around and benefit from her expertise. For individual guidance sessions or to schedule a public speaking event use the Contact page or email at drnstoyanova@gmail.com

Retirement and financial stress related pages:
Retirement and Belly Fat
Retirement Emotions
Retirement Articles

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