Addressing the issue of insufficient retirement savings among Canadians requires a collaborative approach involving individuals, employers, and policymakers. Here’s a breakdown of how each group can contribute to improving the situation: Individuals: Individuals need access to financial education and resources to develop a better understanding of personal finance, budgeting, and retirement planning. This includes learning […]

Over the past decade, new research has shed light on the financial situation of Canadians aged 55-64, revealing concerning trends regarding their savings. According to recent studies, 44% of Canadians in this age group have less than $5,000 saved, and an alarming one in five workers have no savings at all. This data highlights a […]

Retirement is a significant milestone in life that often evokes mixed emotions. It marks the transition from a long and fulfilling career to a new chapter filled with endless possibilities. If you’re contemplating retirement, it’s essential to approach this decision with careful consideration. Here are some persuasive reasons and examples to help you recognize the […]

Retirement marks a significant life change, and it’s important to acknowledge that it can impact your physical and mental well-being. However, there are many ways to support yourself during this transition and prioritize your health and happiness. One crucial aspect is getting enough quality sleep, which can be challenging as you age. By addressing any […]

Ah, retirement. The time in life when you can finally ditch that 9 to 5 grind and start living it up. But let’s face it, work isn’t just about the money. It gives us a sense of purpose and accomplishment. It gets us out of bed in the morning (or at least it used to […]

Managing and accepting change can be a difficult but inevitable aspect of life. As we age, the pace of life changes more rapidly, with the departure of children from the household, the loss of friends and loved ones, mounting physical and health challenges, and the approach of retirement. Responding to these changes can elicit a […]

 Caree Risover charts her retirement through planning to implementation and enjoyment. Her retirement blog shares her quest for meaning in retired life with details of her thoughts, creativity, travel and even her vegetable plot. I enjoy reading her blog and recommend it to you. In a recent post, she started with the following statement. What I […]

Retirement is like getting a participation trophy in the game of life. Sure, money and planning are important, but so is making your golden years shine. It’s your time to do what you love, whether that’s painting, gardening, or watching Netflix on repeat. Personally, I’m not much of a cook. I leave that to my […]

I’ve never quite grasped the concept of a bucket list. When people say, “I want to do this or that because it’s on my bucket list,” I find it hard to relate. To me, having a list of things you want to do before you die seems like a waste of time. If there’s something […]

If you’re old enough to remember the Freedom 55 ads in North America, you might recall they encouraged people to buy life insurance so they could retire at age 55. A new poll by the Canadian Imperial Bank of Commerce poll that found that 61 is now the average age Canadians hope to retire.  Believe […]