Fewer than a quarter of retiring Canadians have a defined benefit pension plan, says Fraser Stark, president of the Longevity Pension Fund at @PurposeInvest in Toronto. Instead, “many of us retire with a lump sum of money.”
But is that enough?
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Longevity risk is a growing challenge for a person's #retirement, making it difficult to live life to the fullest and maximize spending. Longevity's own Simon Barcelon discusses this issue in an article for @GlobeAdvisor.
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Believe it or not, the world's first #retirement community was founded in Sun City, Arizona in 1960. Today, it's still going strong and has inspired similar communities all over the world.
It's not great for anyone when the #markets are down, but if you’re in or nearing #retirement, a market decline can become even more significant as you try to navigate life while withdrawing income from your portfolio. Check out what we mean 👇
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#FunFact: During WWII, the US government introduced wage freezes to control #inflation. To attract/retain workers, many companies started offering #pensions and #retirement benefits to supplement this, marking the beginning of the widespread adoption of retirement plans in the US
#Tax time is right around the corner! While it can be a stressful time for someone in #retirement, with the right approach, you can help mitigate your anxiety. Here are some tips to consider with some tax credit options often overlooked 👇https://t.co/WIhxmFaXe9
While the #bankofcanada didn't raise rates today, they have climbed over 4% in the past year, creating attractive choices for investors who need financial flexibility & can tolerate some volatility when planning for #retirement. See what we mean below 👇
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Retirement history fun fact: did you know that the world's oldest #retirement home was founded in Paris, France in 1674? The Hôtel des Invalides was established to provide a home for disabled and #retired soldiers. It is also the resting place of Napoleon Bonaparte. #funfact
Surveys show that many people do not accurately understand their true #retirement risk: it's not #markets underperforming but living longer than we expected. Watch Purpose Unlimited CEO, @somseif, discuss this on a recent episode of Bullshift The Podcast.
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#Retirement is a lot like sports - a journey that needs planning, perseverance, and a positive mindset. You'll face new challenges and maybe learn some new skills. What else can sports teach us about retirement? We've got you covered 👇#retirementplanning
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Saving for #retirement is not a luxury, it's a necessity. Make small investments now to secure a comfortable future for yourself. Looking for some tips on #retirementplanning rules of thumb? Check out our article below https://t.co/VRApNPmm7k
The "silver" workforce (older adults starting a business or working part-time) is rising in countries like Japan. This trend not only helps seniors stay active in #retirement, it promotes intergenerational understanding and social inclusion as well as benefitting the #economy
Did you know that retirees who volunteer regularly have been shown to have a better quality of life and longer life expectancy? Embrace your golden years in #retirement with purpose! #retirementplanning
#Retirement isn't just about relaxing, it's also the perfect time to explore the world! Did you know that seniors travel more than any other age group? With the right planning, retirees have plenty of time to enjoy new cultures and adventures 🧳🌍 #retirementplanning
Canadian #retirement fact: 🇨🇦 Canada was one of the first countries in the world to introduce a publicly-funded pension plan for seniors with the 1927 Old Age Pensions Act. It provided financial assistance to citizens over the age of 70. #retirementplanning
"#Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you can't afford to go home" - Jonathan Clements, author of 'How to Think About Money' #retirementplanning
Did you know that playing board games can increase cognitive function in #seniors? Time to break out the Monopoly board and improve those brain cells...just try not to flip the board when you land on Park Place with a hotel! #retirement#brainhealth