The good news is that those retirement anxieties don't have to wreck your sleep. Experts say that there are a few simple things you can do during the day to help you get a bit more shut-eye, even when you're worried about how your savings will fare in retirement.
Retirement stress can affect your body in different ways. "The brain's response to being financially secure becomes less about how much money they have, and more about how safe they feel, which can create states of high perceived threat," according to Dr. Lauren Grawert, MD, FASAM, and Clinical Advisor of The Garden Recovery & Wellness, who says that it doesn't really matter how solid your portfolio is, you can still feel threatened due to the loss of your regular income.
Related: Retirement Shock Is Real—Psychologists Say Most People Never See It Coming
What Experts Say Can Actually Help You Sleep Better
"Safety is created from building a clear plan you can trust and learning to let go of what you can’t control," she says. According to Kirkpatrick, your plans should include a:
Clear picture of your net worthList of your income sourcesLong-term cash flow analysis"Revisit your plan regularly, but not constantly," Kirkpatrick continues. "Do not be afraid to enlist help and guidance from a financial planner. Winning the long game is often more about managing emotions than anything else. If hiring an expert will help you win and ease stress, do it."
If you're still struggling, Wendy Molyneux, MSW, CFEI, and Founder of Whole Person Finance, says you may want to use mindfulness techniques to quiet your mind. "Deferred worries can bubble up before sleep, so scheduling a dedicated time earlier in the day to write down worries and tiny corresponding action steps may help," she says. "Breathing methods, guided imagery, white noise, and meditation apps are other techniques people find useful before bed. Practicing sleep hygiene in a cool, dark, quiet room is important too."
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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