Why retirement’s now a moving target

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.

Read: How do you define retirement?

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 21^st century, and its attendant baggage of economic uncertainty, debt load and that moving target called retirement.

Read: Canadians will work post-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.

Also read:

Canadians focused on reducing debt

Canadians aren’t saving enough

Show the road to retirement

Teens need money smarts

Too many boomers retire with debt

Help clients become debt-free faster

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.