This year, for the first time in 22 years, I won’t be making an RRSP contribution.
Only 30% of Canadians expect to be fully retired at age 66, according to the Sun Life Financial 2012 Canadian Unretirement Index.
If the furnace in your home fails in January and you have to suddenly buy a new one, will you have a way to pay for it?
Not ready to retire full-time? You may want to consider gradually easing out of the workforce through “phased retirement.”
Part-time work in retirement can include anything from continuing your career through consulting or freelance work to something completely different.
Even after you retire, you still need to understand your finances well enough to make wise financial decisions.
Maintaining vitality with good health, relationships and building an identity beyond your career are essential for achieving happiness in retirement.