All Episodes

May 9, 2023 11 mins

Send us a text

This week on the Women's Wealth Canada Podcast, we are talking about How to Plan for Changes in your Health and Lifestyle in Retirement. 

As you make plans for retirement, it's important to remember that your health and lifestyle needs may change over time. 

One of the first things you'll need to do is to prepare a financial plan when meeting with a financial planner. This will give you an idea of your cash flow requirements over the years for the rest of your life. You'll need to know how much money is coming in and going out each year and whether you have enough saved to make it all work.

Research shows that expenses in our 60s are typically higher than they are in our 80s and beyond. During our 60s and 70s, we may be traveling more, visiting our grandchildren, and ticking things off our bucket list. Travel health insurance premiums typically increase with age, making traveling harder in our 80s and beyond.

As we reach our 80s, out-of-pocket healthcare costs tend to increase, which is why many people prefer to stay at home more often. In-home care is available, and it's necessary to start gathering information about available services near you. Assisted living facilities can also be similar to being on a cruise, and they provide a great deal of activities and a strong social element.

It's essential to maintain your physical, emotional, and spiritual health in retirement, along with your financial freedom. Finding an activity that you enjoy, preferably with a social element, is essential for good health as we age. Purpose is also a deep driver of well-being, and knowing what you value is the best place to start. An exercise to try is to answer the following three questions for a week: 
what you need more of in your life:
what are 10 things you're grateful for today, and 
what are five words that describe you best and why. 

After a week, you'll be able to see some patterns and start focusing on doing things that are important to you to have a happy retirement.

Remember, as you adapt your home to fit your needs and preferences, you'll be able to stay in it for longer. The longer you can adapt your home, the more comfortable you'll be in it. Planning for changes in your health and lifestyle may seem complicated, but with the right tools and preparations, you can be comfortable in your retirement years.

Join us inside the podcast to learn more.

Hosted by Glory Gray, BSc Finance, MFA

Take Action:

Watch the webinars: 📽 The Real Questions to Ask Before You Retire

📽 Building a Rich Retirement: The Social Network Equation

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook:
@GloryGrayWealthSolutions
LinkedIn:
Glory Gray
Instagram:
Glory Gray

Mark as Played

Advertise With Us

Popular Podcasts

Stuff You Should Know
Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

The Breakfast Club

The Breakfast Club

The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.