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Pre-retirees, here’s what people already retired can tell you about your future standard of living
December 11, 2018
4:26 pm
Top It Up
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From Rob Carrick in the Globe and Mail

Pre-retirees, here’s what people already retired can tell you about your future standard of living

Working past age 65 is one of the hottest retirement trends of the moment.

It’s a smart money move to stay in the work force, it’s great for keeping your brain fit and it keeps you busy and engaged. In the most recent census, one in five people aged 65 and older were working and 30 per cent of those worked full time. But the results of a new investor survey (link below) by the Ontario Securities Commission suggest that working longer isn’t viable for many people.

https://www.theglobeandmail.com/investing/personal-finance/article-pre-retirees-heres-what-people-already-retired-can-tell-you-about/

http://www.osc.gov.on.ca/docum.....-study.pdf

December 12, 2018
6:33 am
Koogie
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The OSC survey was interesting, thanks for the link.

""But the results of a new investor survey (link below) by the Ontario Securities Commission suggest that working longer isn’t viable for many people.""

Indeed. Not everyone is a downtown cubicle dweller. Those who work in the trades or outside or in labour intensive activities don't have the choice to "age in place"

""Older people and those with large portfolios are most likely to trust formal sources; younger Canadians and those with lower knowledge turn to online sources.""

Oh, dear. I am not younger, so I must be "lower knowledge" sf-laugh

December 12, 2018
8:02 am
Bill
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I found the choices I made and actions I took in my 20's had more impact than anything else on my subsequent retirement situation.

December 12, 2018
10:08 am
fabafter50
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Bill said
I found the choices I made and actions I took in my 20's had more impact than anything else on my subsequent retirement situation.  

I am in absolute agreement with that Bill.
I bought my first RRSP plan at 17. Maxed out RRSP's and paid off debt before any other spending.
Worked like a dog when I was working and retired youngish 4 years ago.
The last 4 years have been the best years of my life.
Work hard early and play hard later. sf-cool

December 12, 2018
3:55 pm
AltaRed
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I have no idea who they were talking too. Certainly wasn't many of us DIY boomers on financial forums.

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