Is Working Longer the Key to a Comfortable Retirement for 1 in 5 Canadians Over 65? Discover What You Need to Consider
To numerous Canadians, retiring from their jobs at 65 and having an economically stress-free retirement is a dream they have likely abandoned. Actually, in 2022, one out of every five Canadians between the ages of 65 and 74, which represents 21%, was working According to the latest census data from Statistics Canada, this includes both workers born in Canada and those who have immigrated. With Canadians living longer , struggling to put enough money aside For planning for retirement—whether through savings or investments—is comprehensible. However, if you're approaching 65 and your retirement savings haven't reached their desired level, continuing to work for an additional three, five, or even ten years might not compensate for years of inadequate retirement planning. Before deciding to commit to several more years at your current position, consider asking yourself these questions. Don't Miss Just starting with trading? Begin here: Whether you...