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The Power of Reframing Endings

Kelsey Maxwell • Feb 15, 2024

For most events in life, there’s a beginning, a middle and an end. Rationally, this is a simple thought to accept. In practice however, the end can feel uncomfortable, emotional, or even dreaded. Endings and change can feel sad or final. Sometimes endings can even feel like failure. However, dreading or avoiding endings could potentially rob us of possibilities for progress and growth. Endings are simply transitions, and life is guaranteed to be full of those.


What if you reframed your thoughts around life transitions, or endings, to promote happiness and growth? Endings are a normal, inevitable, and important part of being alive — like graduations or the new year. Rather than feeling defeated by life's transitions, what if you focused on what you have learned and gained. Unfortunately, common attitudes toward endings – whether of relationships or careers – is much less sanguine. Everyone wants the movie-style “happy ending” of getting married or landing a dream job. However life doesn’t roll its credits after those high notes, and when careers or families don’t endure, nobody breaks out the champagne and party hats. Instead, it's often believed that these endings are tragic failures. By shifting your perspective, you could think of endings as a natural part of life.


Graduating from high school, moving out of your childhood home, and graduating from college all entail an ending, which probably felt exciting and promising. I'm sure you can recall a time where you've felt ready to take on the challenges of the unknown. You likely viewed those life transitions as positive changes. However, between childhood and adulthood, you may have experienced a radical shift in your beliefs about the value of change. Standards of life-long stability in our relationships, marriages, homes, and careers are imposed on you. People often undertake strenuous, sometimes depleting, efforts to ensure continuity. But as any parent, Buddhist, or biologist will tell you, life is continuous change. Besides death and taxes, change is the one thing you can count on. You develop and change over the course of your life, reaching different stages, developing different perspectives, and becoming different physically, intellectually and emotionally. Dread of change is also, unintentionally, a rejection of progress. If nothing ever changes, then it can’t — and you can’t — get better. The tendency to make continuity the primary focus means you overlook the dividends of the serious investments of time, energy, self-control and brain power that you invest in relationships and careers over time. Hopefully, like children advancing grade to grade, you learn enough to prepare for the next stage in your life, as a friend, a partner, a parent or a worker.

 

Instead of  feeling like you've failed when a chapter ends, perhaps you could remember that feeling when you graduated, focusing on growth, rather than loss. Instead of being furious at the person or event that pushed you out into the world, perhaps you could embrace them as liberators, or mentors to whom you are grateful. After all, they taught you well, even when what you learned includes that the person or thing that you loved and hoped might last, is no longer right for you. And sometimes the most important change you can make is to remove yourself from an unfit situation. Even negative circumstances can bear important lessons about what to avoid in the future, and your own courage to escape and stand on your own.


While endings can be painful, and a long-term relationship or job shouldn’t be ended lightly, many endings are likely to be part of your life. Embrace the inevitability of change that is life and view yourself as a graduate of the school of life. Rather than feeling defeated by the passing of any life stage, try focusing your energy on the opportunity ahead. As with each new year, every major life transition should be a time to think about what you have gained and celebrate your progress. As 2024 gets underway, I hope you resolve to embrace the endings in your life with grace, humor, and most of all, gratitude.


Source::https://www.psychologytoday.com/ca/blog/human-development-for-dummies/202401/the-joy-of-endings

By Laura Chanin 11 Apr, 2024
This commentary is compliments of Manulife Investments - 2024 starts with a bang! Global markets stormed out of the gate in the first three months of 2024. The combination of a resilient consumer base and lower inflation levels created a positive backdrop for investors. The S&P 500 Index, the S&P/TSX Composite Index, and the MSCI World Index were up 10.2%, 5.8% and 8.4%, respectively, in Q1. The euphoria, however, didn't extend to the fixed-income space—Canadian and U.S. bonds (measured by the FTSE Canada Universe Bond Index and Bloomberg U.S. Aggregate Bond Index) were down 1.2% and 0.8%. In our view, equities are priced for the best case scenario, with markets expecting to avoid a recession, on the belief that we’ll see a gradual decline in inflation, and that central banks will soon start cutting interest rates. In such an environment, any headline surprises that state otherwise may create potentially choppy markets in the near term. How do stocks and bonds perform when the government begins to cut rates? Investors have been waiting in anticipation for the U.S. Federal Reserve (Fed) to start cutting interest rates. They believe that lower interest rates will help drive the markets even higher. That said, history suggests things may not be quite as simple. We looked at the previous nine easing cycles, dating back to 1970. In the first chart, we’ve indicated (in red) periods that we believe to mark the beginning of an easing cycle. These are easily identifiable in recent easing cycles; however, those in the early 1980s aren’t and require subjective interpretation.
By Kelsey Maxwell 11 Apr, 2024
Calling all high achievers! Maybe fun isn’t the first place your head goes to when thinking of high performance. We’re talking to you- the hard worker, the busy parent, the dedicated athlete, the responsible sibling. We’ve got compelling, scientific evidence proving how important it is for you to incorporate fun and play into your life! You’ll also find some practical suggestions for incorporating more fun into your daily routine. Research indicates that happy individuals tend to be healthier physically, have lower inflammatory markers, and may even have improved productivity at work. Happiness has also been linked to better mitochondrial health and is a key factor in sustainable high performance. A recent study on twins suggests that 35% to 50% of your happiness is genetically predetermined. That means there's still a significant portion of happiness that's within our control. Interestingly, humans typically aren’t the best at knowing exactly what makes them happy. Dr. Gillian Mandich, who studies the science of happiness, says that it’s not the big shiny moments that matter, but rather the small moments over time that determine how happy we are. It is recommended to dedicate at least two hours per day to fun. Engaging in playful activities, such as games or sports not only increases happiness, but it’s also important for your brain. A study found that juvenile rats that engaged in “rough and tumble” play had higher activation in certain areas of the brain compared with control rats. They also had greater brain-derived neurotrophic factor (BDNF) gene expression, suggesting that play is important for neurodevelopment. Humor is another way to sprinkle small bursts of joy throughout the day. Laugh therapy is currently being used to treat depression and anxiety, as well as stress-related disease. Research shows that laughter actually supresses cortisol, and boosts dopamine and serotonin hormone levels. Playfulness isn't just beneficial for personal wellbeing; it can also have positive effects in professional and practical settings. Play has been shown to reduce stress, increase productivity and job satisfaction, and improve overall work quality and team cohesion. Play can also serve as an effective coping mechanism for stress, allowing you to mobilize cognitive resources and build resilience in the face of challenges. Contrary to the belief that play is only for children, research demonstrates its importance for health and wellbeing across all age groups, adults being the most prone to high stress levels. Remember that striving for constant happiness can be counterproductive. Happiness is a result, not a pursuit. Accepting the ups and downs of life and focusing on creating joyful moments, when possible, can lead to a more sustainable sense of wellbeing. In summary, incorporating more fun, play, and happiness into our lives can lead to numerous benefits, including improved physical health, enhanced productivity, and greater overall wellbeing. It's essential to prioritize these elements and recognize their significance for both personal and professional fulfillment. If you’ve been all work, no play lately- this is your sign to get out there and have some FUN! Source: https://drgregwells.com/blog/your-brain-on-play-the-science-of-how-fun-can-fuel-wellbeing References: Dfarhud, D., M. Malmir, and M. Khanahmadi. “Happiness & health: The biological factors—systematic review article.” Iranian Journal of Public Health 43, no. 11 (November 2014): 1468–1477. Panagi, L., L. Poole, R.A. Hackett, and A. Steptoe. “Happiness and inflammatory responses to acute stress in people with type 2 diabetes.” Annals of Behavioral Medicine 53, no. 4 (March 20, 2019): 309–320. Salas-Vallina, A., M. Pozo-Hidalgo, and P.R. Gil-Monte. “Are happy workers more productive? The mediating role of service-skill use.” Frontiers in Psychology 11 (March 27, 2020): 456. Picard, M., A.A. Prather, E. Puterman, A. Cuillerier, M. Coccia, K. Aschbacher, Y. Burelle, and E.S. Epel. “A mitochondrial health index sensitive to mood and caregiving stress.” Biological Psychiatry 84, no. 1 (July 1, 2018): 9–17. Chick, G., C. Yarnal, and A. Purrington. “Play and mate preference: Testing the signal theory of adult playfulness.” American Journal of Play 4, no. 4 (2012): 407–440. Wallace, J. “Why it’s good for grown-ups to go play.” Health and Sci- ence. Washington Post (May 20, 2017). https://www.washingtonpost . com/national/health-science/why-its-good-for-grown-ups-to-go- play/2017/05/19/99810292-fd1f-11e6-8ebe-6e0dbe4f2bca_story.html. Magnuson, C.D., and L.A. Barnett. “The playful advantage: How playfulness enhances coping with stress.” Leisure Sciences 35, no. 2 (2013): 129–144. Neale, D. “A golden age of play for adults.” British Psychological Society (March 25, 2020). https://www.bps.org.uk/psychologist/gold- en-age-play-adults. Edwards, D. “Play and the feel good hormones.” Primal Play (June 23, 2022 ). https://www.primalplay.com/blog/play-and-the-feel-good- hormones. Guitard, P., F. Ferland, and É. Dutil. “Toward a better understand- ing of playfulness in adults.” OTJR: Occupation, Participation and Health 25, no. 1 (January 1, 2005): 9–22.
By Kelsey Maxwell 11 Apr, 2024
The Canadian dollar's recent decline to its lowest level in almost two years against the US dollar is primarily attributed to several factors, including worsening economic outlook, rising inflation concerns, and diverging monetary policies between the US Federal Reserve and the Bank of Canada.  Inflation Concerns: The persistently high inflation in the United States has raised expectations of aggressive interest rate hikes by the Federal Reserve. This anticipation of higher interest rates in the US has led to a flight to safety, with investors favoring the US dollar over other currencies, including the Canadian dollar. Diverging Monetary Policies: The Federal Reserve is expected to raise its benchmark interest rate significantly, possibly reaching as high as 4 or 5 percent, whereas the Bank of Canada may not be able to match such aggressive rate hikes due to concerns about the impact on the housing market and consumer spending. This disparity in monetary policy paths between the two central banks is widening the gap between the US dollar and the Canadian dollar. Commodity Prices: The Canadian dollar is also influenced by commodity prices, particularly oil, as Canada is a major oil exporter. The recent decline in oil prices, coupled with softness in other commodity prices, has further weighed on the Canadian dollar's performance. Market Sentiment: Market sentiment plays a crucial role in currency movements. The prevailing perception among investors is that the US dollar is a safer haven during times of uncertainty, leading to increased demand for the US dollar and consequent weakness in the Canadian dollar. Expectations for Future Performance: Some analysts predict further depreciation of the Canadian dollar against the US dollar in the near term, with projections of the loonie falling below 73 cents by the end of the year. This outlook reflects concerns about the Canadian economy's relative weakness compared to the US economy. Overall, the combination of inflation worries, diverging monetary policies, commodity price movements, and market sentiment has contributed to the recent depreciation of the Canadian dollar against the US dollar, with implications for Canada's economic outlook and trade competitiveness. Source: https://www.cbc.ca/news/business/canadian-dollar-1.6585291
11 Apr, 2024
If you’re delving into the intricacies of managing retirement savings, particularly the transition from RRSPs to RRIFs, read on. This transition is crucial to understand, especially considering the tax implications and mandatory withdrawal requirements associated with RRIFs. Missing the deadline to convert your RRSP to a RRIF can have significant tax consequences, as the entire value of your RRSP becomes taxable income, potentially pushing you into a higher tax bracket. This underscores the importance of staying vigilant about conversion deadlines. You can convert anytime but the last year to convert is the year you turn 71. While RRSPs and RRIFs share similarities, such as holding the same investments and being fully taxable upon withdrawal, there are key differences to note, such as the lack of contribution capability in RRIFs and the mandated minimum withdrawals. Managing RRIF withdrawals is a strategic endeavor, involving considerations like tax implications, OAS claw backs, and income splitting with a spouse. Additionally, converting a RRIF back to an RRSP is possible under certain circumstances, offering flexibility in retirement planning. Understanding the mechanics of RRIF conversion, the timing of withdrawals, and the options for structuring payments is essential for optimizing retirement income and minimizing tax liabilities. Navigating the transition from RRSPs to RRIFs requires careful planning and consideration of various factors to ensure financial stability and tax efficiency in retirement. Reach out to us anytime for more information or clarity! Source: How to cope with the RRSP-to-RRIF deadline in your early 70s - MoneySense How to cope with the RRSP-to-RRIF deadline in your early 70s - MoneySense
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