Retirement

Retired, no car, no problem!

Retired, no car, no problem!

Population aging is already changing our lifestyles.  In the U.S. driving is down 8.9% from its peak in 2004.  As noted by the University of Michigan Transportation Institute[1], this drop in mileage began before the recession and therefore cannot be attributed only to financial pressures.  Older people drive less for many reasons including their retirement from the daily commute, their […]

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Who keeps the lights on in an aging society?

Who keeps the lights on in an aging society?

Statistically, we know what population aging means.  There will be far fewer younger people for every older person in the population.  The large number of older people is not a surprise.  Even with increases in life expectancy it was still very clear fifty years ago that there would be a lot of retirees by 2030.  What was unclear was the […]

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Can you go the distance in retirement?

Can you go the distance in retirement?

In October 2006 I temporarily left my job at a financial institution in order to go on parental leave.   This was an exciting time in my life as I welcomed my youngest daughter into our family.  One of the projects I was working on right up to my last day at work was to prepare for the 40 year mortgage […]

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Retirement’s holy trinity of circumstances

Retirement’s holy trinity of circumstances

In their regular weekly tongue and cheek opinion piece in the New York Times, David Brooks and Gail Collins, write about what it means to grow old[1].  Their conversation starts out with a focus on planning for retirement beyond financial matters.  However, as they cover territory from golf through to retirement homes and death it is clear that finances make […]

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Grow old along with me

Grow old along with me

Robert Browning was not referring to neighbourhoods or cities in his well-known poem, however, it seems that Canadians are growing old together, based on community census data.  At the federal level, policy changes such as pension entitlements and transfer payment calculations are intended to better position the country for population aging.  Communities will each have their challenges in meeting the […]

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Retiring, relocating and belonging

Retiring, relocating and belonging

Many people I know who are within 10 years of retirement are considering options for relocating when they retire.  It’s great to have options but making a decision can be tricky when there is so much to consider.  One piece of information that might help in making a relocation decision is whether the new place seems to suit our personality […]

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Avoid Cold Turkey Retirements

Avoid Cold Turkey Retirements

A recently released study from the U.K. found that those who worked to an older age had better health [1].  This was true for both men and women.  These results make a great headline!  But the implications are worrisome, especially for those already retired or nearing their retirement date. We’ve all heard stories about people who retired, ready to travel […]

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Relocating after age 50

Relocating after age 50

Ok – age 50 is somewhat arbitrary in this – but here’s the point…Geographic moves are risky, especially as we age.   According to Dr. Muriel Gillick in The Denial of Aging (2006); “When we constantly resettle in new locations…we never establish roots.  Cultivating relationships with family and friends not only mitigates against loneliness, but also has an effect on health.  […]

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Retirement Drift

Retirement Drift

Have you adjusted your thinking and “75 is the new retirement”?  A lot of people I’m hearing from these days think their retirement will be starting much later than they anticipated.  Sure, freedom 55 is passé but more and more it seems that freedom 65 is unachievable too.  We keep pushing out the socially acceptable retirement date.  I suppose this […]

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The global financial crisis and the lasting psychological effects

The global financial crisis and the lasting psychological effects

The 2013 Canadian Unretirement Index Report from Sun Life Canada (www.sunlife.ca/unretirementindex) provides, in my opinion, a fascinating perspective on the psychological health of Canadians aged 30 to 65, at least as it relates to money.  The survey has been in place for five years, starting in 2007, and spanning the global financial crisis (GFC) of 2008-2009.  There is a very […]

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