The retirement of yesteryear—sitting on the porch, idly watching the world pass by—no longer exists. The new reality is, most people won’t retire at 65, nor will they just let it happen to them.
Of those entering retirement today, 40% enjoy an active lifestyle,1 and want more out of this exciting and extending period of time. Canadians are living longer – for those age 65 today, more than 1 in 6 women and 1 in 12 men will live to age 95, and 3 out of 100 men and women age 65 today will reach the age of 100!2 For these people, retirement could last 30 to 35 years. Retirement can be a time of great happiness and freedom – but Canadians need to be ready.
To offer some perspective on this hot topic, two of Canada’s retirement experts, Kevin Dougherty, president of Sun Life Financial Canada and Moses Znaimer, president of CARP and founder of Zoomer Media, were recently interviewed by ZoomerNews.
Watch Moses and Kevin talk about The state of retirement in Canada:
The state of retirement today. Run time: approximately 4 mins 40 seconds.
Retirement planning – where do you start? Run time: approximately 3 mins 26 seconds.
The value of working with an advisor and Moses’ personal experience. Run time: approximately 8 mins 2 seconds.
Protection in retirement. Run time: approximately 4 mins 46 seconds.
1 May 2013 CARP ‘Picture-perfect retirement lifestyle’ e-blast.
2 Statistics Canada, Life Tables, 2007–2009.