Welcome to "Today's New Retirement"
Where your last day of work no longer means the beginning of your last phase of life.
I am often asked “when are you going to retire?” I am sure many of you have experienced this as well. How does one define retirement today? I believe that the definition of “full time work” to “full time not working”– at some age or point in time — is outdated today. The goal today […]Read More
Do you have enough retirement assets to provide the income required for you and your spouse for the remainder of your lifetimes? The key factor required to answer this question is not just based on what you have – but on what your life expectancy could be. In my many years of helping people plan […]Read More
As of July 1, 2013, you can defer drawing your OAS benefit until age 70, similar to the recent change to CPP. However, unlike CPP, you cannot take it earlier than age 65. For each month you defer your OAS pension, it will increase by 0.6% or 7.2% per year. Total deferral to age 70 […]Read More
As I talk to people, I am amazed at how many of them are still applying for Canada Pension as soon as they turn age 60. I am not implying that this is always a wrong decision, but in the vast majority of cases this is done with very little investigation. This is even more […]Read More
The biggest challenge for women in “Today’s New Retirement” is current life expectancies. Life expectancy tables tell us that a 60 year old non-smoking woman should have an average life expectancy of age 85. That means that at age 85 – half are still alive and half have passed away. If the 60 year old […]Read More
Lifestyle Planning – Do you have a clear picture of what your retirement life will look like? What are your goals and interests? How will you fill your day? Do you have to retire? Will you pursue new opportunities such as volunteer work, travel, a new business? Living Arrangements – Where will you retire? Will […]Read More
Someone once said that “while there are lots of books available on retirement, the only book that really matters is the one that you write yourself” When planning for the old retirement, the standard question is always, “How much money is enough?” Money is important, but in “Today’s New Retirement” questions are more soul-searching: “How […]Read More
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