I'm worried about my retirement investments
STEP 1: Look after yourself
A big financial loss can be extremely traumatic. It can have an impact on all facets of your life—your physical and emotional health, family relationships and your outlook for the future. It can often lead to feelings similar to grief.
It is very important to look after you and your family before worrying about anything else. You’ll be in a much better position to stay on top of your financial situation and deal with the practical consequences if you can stay calm and well.
Try to look forward rather than beating yourself up about the past. Thinking like ‘if only I hadn’t…’ or ‘since the peak of the market in 2008, I have lost $x’ won’t get you anywhere.
Watch your health
If your investments have fallen in value, it's possible that you're feeling a sense of anxiety or depression. It's good to know that there is help out there for you.
In response to the current economic downturn Beyond Blue 
has produced a comprehensive free booklet, Taking care of yourself after retrenchment or financial loss , to give you practical help. Visit their website to order or download a copy of the booklet or call their information and referral line on 1300 224 636 to order it or talk to someone about your situation.
Get professional help if you’re not coping
It’s important to stay active, exercise (walking is good), eat well and ensure you’re getting enough sleep. Signs you may not be coping with the stress include:
- having difficulty sleeping
- feeling overwhelmed, anxious or fearful or
- drinking alcohol, smoking or taking drugs more than usual.
These symptoms usually decline or disappear with time but if they are concerning you, it’s worth finding extra emotional support. Family members and friends can be an excellent starting point or consider speaking with your family GP.
There are many free sources of personal support and counselling available to ensure your health and relationships don’t suffer. It is essential to get professional help if things are getting on top of you. Ignoring the signs may only compound the problem. If you ever consider self-harm or suicide contact the Lifeline 24-hour support service on 131114.
Time to rebuild
Once you’re feeling confident and your health and emotional issues are under control, it’s time to tackle your finances.
FIDO Website: Printed 07/31/2010
