There was a time when age 65 symbolized the finish line for one’s working life. A point where people dropped out of the rat race, traded their Oxfords for slides, and looked forward to engaging in leisure pursuits.
But changes to CPP and OAS pension deadlines for late Boomers and early Generation X-ers is altering the debate.
For better or worse, the era when financial freedom and retirement were realistic life goals for people under 65 is likely over. Welcome to the 21st century, and its attendant baggage of economic uncertainty, debt load and that moving target called retirement.
An increasing number of Canadians today feel early retirement is neither realistic nor relevant, reports The Globe and Mail. And, clearly, a new zeitgeist for retirement options is under consideration among Canadians.