I retired in 2006, almost 19 years ago. I worked on and off for another 8 years for pay but stopped working for pay in 2014, so this is my 10th year in full retirement. It’s worth considering that your retirement may last far longer than your job. According to the Bureau of Labor Statistics […]
As retirement approaches, it’s natural to feel a bit apprehensive, especially during times of economic uncertainty like market fluctuations and potential government shutdowns. To retire confidently, consider these practical steps to secure your financial well-being for the long term. Firstly, revisit your financial plan. Take a close look at your savings and investments, considering factors […]
Here are the last 10 places that are ranked in the top twenty: 11. Canada (Rank: 11): · Pension System: Basic national benefits, means-tested income supplement, and public pension plans. · Strength: Diversification of income sources and adjustments for inflation. · Challenge: Improvement needed in quality of life and material well-being. 12. New Zealand (Rank: […]
As you transition into retirement, it’s a perfect time to discover the vibrant and flourishing aspects of your identity that may have been somewhat overshadowed during your working years. Retirement doesn’t mark the end of your personal journey but rather the beginning of an exciting new chapter in your life. The path ahead is filled […]
I have been asked by many approaching retirement this question, “Do you really need to take a view on inflation for the purposes of modelling future wealth?” When approaching retirement and trying to model future wealth, it’s essential to consider the potential impact of inflation on your financial planning. Inflation is a key factor that […]
Planning for retirement is about making more informed decisions. Over the years we have acquired knowledge and personal insights and have grown to trust our insights and intuition. This type of knowledge is called tacit knowledge, and it is difficult to articulate, codify, or transfer to others. When it comes to retirement planning, tacit knowledge […]
You will live in retirement another 20 to 30 years, so it is important that you prioritize your physical and mental health. Regular exercise, a balanced diet, and staying socially connected can contribute to a happy and healthy retirement. Consider joining clubs, fitness classes, or local groups to stay active and engaged. Joining is an […]
Congratulations on your retirement! After retiring, what would you do on the first day, instead of going to work? During the first few weeks, you feel that you are on holiday. I was an educator, and I had two months off, so for the first two months, I was in holiday mode. At the end […]
If you live in Canada there is a new way of accessing services for seniors, and all Canadians, in planning for a secure and dignified retirement. Canadians considering retirement can now take advantage of new and improved tools to help make informed decisions regarding retirement planning and retire with confidence and peace of mind. Service […]
Are you paid by the hour? Do you believe you will be able to retire with comfort? If not, you are not alone, just over 50% of hourly employees feel they will be able to retire comfortably. A survey of 2,000 employees split evenly between salaried and hourly workers reveals that hourly workers are less […]
