Published on January 1st, 2015 | by Monica Gibson0
Change & Retirement
By Monika Gibson
Change is inevitable and Resistance is Futile! – Heraclitus
The process of change does not have to be difficult or stressful. As we age life takes us through different stages, experiences and priorities. Retirement is a new phase of life which I believe allows us the opportunity to decide what is truly important. David Foot author of Boom, Bust & Echo described the aging process of the typical baby boomer as such:
* in the 20`s you want to be where the noise and action is, near discos and you most likely rented. Dynamic cities with lots of rental accommodations.
* In your 30`s you started a family, you need a backyard for your kid and dog to play in. So you move to the suburbs, hence the huge urban sprawl which grew around our downtown core and became the 905 region. This is the typical 30`s and 40`s for many.
* Then you get into your 50`s. You want more peace and quiet in your life. You start to look for vacation properties, a concept Intrawest fully understands. You want to move further away from the noise and action. You may not make the move immediately because you are still working in the 50`s, but many have a second vacation home or by the time they are in there 60`s have some sort of established plan.
I have seen this trend countless times, but for each individual it takes on a different twist. In this process of aging and change many factors come into play; questions need to be answered. But the important point is that there is no “right” answer, only what is right for you. The decision to retire or to `downsize` should not just be about how much money you will save; there are numerous factors to consider. The decision has to take into account lifestyle as well as finances. I like to think of retirement as a process not a decision, and furthermore not downsizing at all but Right Sizing. Here are some questions to reflect on when considering the Right Size for you and your family:
1. Do you like to entertain? For the person who loves to entertain family & friends, have plenty of sleepovers with the grandchildren, a small home may not work.
2. How important is your outdoor space? For the avid gardener an outdoor green space may be a necessity for healthy living.
3. How much do you or would you like to travel? If you spend or would like to spend more than 40% of your time in another country then minimizing the responsibilities associated with a home and its maintenance and moving into a condo maybe a great choice.
4. How much “stuff” do you really need? Going from a 2000 sq. foot home to something smaller requires de-cluttering. This can be extremely difficult for some people, as clutter is a significant source of stress in their life. Going room to room and being honest with yourself asking if this item is needed or necessary, you can positively impact your emotional health and well being.
Remember there are no “Right” answers to the above questions. Right Sizing is about determining what is important to you. If the search for peace, quiet and happiness should bring you to the shores of Georgina Bay, know that there are many people who can help you take the stress out of your move and help you with choices.
Change is inevitable and part of our life process, but making the right change and finding the Right Size can lead to the perfect home and a happy and healthy life.
Century 21 Millennium, Collingwood