When do you expect to retire?
By BrighterLife.ca
The latest numbers from Sun Life’s Canadian Unretirement IndexTM show the number of Canadians who expect to be retired at age 66 has declined by nearly half since 2008.
More on preparing for retirement:
- Will you outlive your retirement savings?
- The procrastinator who retired early
- How much do you need to save to retire?
- Early retirement: A financial nightmare?
- Four dramatic ways retirement has changed since ’08
 |
Are you on track to meet your financial and retirement planning goals? |
| Having a plan to protect your family and build your savings now can help ensure you will have enough money to last through retirement, so you can live your retirement your way. Learn about Money for Life.™ | |
Get monthly tips and tools to help you plan a brighter financial future.
To receive recommended reads about money, health and family, sign up for the FREE monthly Brighter Life newsletter.
I think we as a society have to realize the major philosophical change that the “Boomer Generation” is bringing to the whole concept of retirement. Before I continue, let me just say that I am actually 6 weeks older than the official “Boomers” as I was born in mid-November 1945. We are seeing several things at once – the first being a complete re-thinking of the basic concept of “retirement”. 30 years ago, many of us thought of “Freedom 55″ as a realistic OBJECTIVE – and I am NOT thinking from a financial point of view. Many of us actually thought we would and could retire early and enjoy life. The problem was that so many of us “retired” in the traditional sense and died of boredom (and other illnesses) a couple of years later. Frankly – in 2013 – I doubt many of us have as our vision of retirement sitting on a beach in a lounge chair for the rest of our lives. That meets most of our definitions of BORING. Sure – we will enjoy a few weeks of that each year – but we want to stay active. We may not do what we have always done – we may not work the same number of hours per week or weeks per year – BUT WE WILL STAY ACTIVE! Ask me when I will retire and my answer will be “2 weeks AFTER MY DEATH”. How many people are living into their 80′s and 90′s? We know from the newspapers that that number is exploding. When I was 30 – even 40 – 65 was beginning to get old – 70 was OLD and most people over 75 were in fact DEAD! Today 75 is what 65 was not that long ago! Why? Because we have changed our whole way of thinking – as it relates to “retirement”. In the traditional sense, does “retirement” even continue to exist?
[...] When do you expect to retire? (brighterlife.ca) [...]
[...] via When do you expect to retire? | BrighterLife.ca. [...]
[...] years. So when do you expect to retire? This graphic will give you a pretty good insight on the retirement plans on average for [...]
[...] via When do you expect to retire? | BrighterLife.ca. [...]
Add a new comment:
Note: Please be sure to read our commenting policy and terms and conditions for this site. We reserve the right to delete any comments that we view to be in violation of our policy. The name you provide will appear next to your comment. Thank you!
Your email address will not be published. Required fields are marked *