Trends and Tips
Retirement is rapidly changing. It used to be that people worked until they were 65, then moved out of the workforce to a relatively short phase of enforced leisure. Not so today. People are 'retiring' earlier, living longer, and many are choosing to work part time. But a smooth transition to retirement doesn't just happen. It pays to be aware of what the key issues and challenges are.
- Develop a vision for your retirement; otherwise someone else will have one for you
- Commit to financial planning and get help from a financial planner
- Make sure that you are going to be engaged in meaningful activities in retirement
- Start saving for retirement as early as possible
- Keep fit and eat well; that's the best way to keep out of the doctor's office
- Retire when you are ready, not when someone else thinks you should
- Work in retirement, if you feel like it
- Make quality of life your priority
Learn about our retirement planning web tool, LifeScape.
- most working couples don't retire together anymore
- about 30% of retirees will have problems adjusting and all the rest will love it!
- a majority of baby boomers see WORK as an integral part of their RETIREMENT plan
- many women in their fifties are thinking career, not retirement
- men in their fifties are more likely than women to want to leave career and work behind
- most North American employers do not have progressive policies that permit phased retirement
- assisting employees to plan for retirement pays off in lower anxiety and better decision-making
- an increasing number of seniors live alone
- the average age of widowhood in the US is 56!
