OVERVIEW

The years after retirement can represent a significant period of your life. Enjoying it requires careful thought and planning beforehand.


To make a successful transition to retirement, you need to take a realistic look at the challenges and opportunities confronting people at this stage of life. Many people have a preconceived idea of what retirement means. As you think about your life after work, consider a time of new beginnings with freedom to pursue new goals and activities, and to continue growth and learning.

Most of us will live a long time after we stop full-time work. With foresight and planning, this time can be an exciting and enjoyable phase of our lives. As you think about your own retirement, you may want to consider:

In 2011, 14% of Canadians were age 65 and over.

  • Your health
  • What you will do with your leisure time
  • Your personal relationships
  • Your finances

One of the most important areas to consider is a sound financial plan. Financial planning provides the base on which to build plans for healthy, happy and active retirement years.

This website has been designed to help you assess your readiness for retirement, which will help you think about the kind of lifestyle you want in retirement. While this site addresses as many issues as possible, the information found here should not be considered as definitive or complete. Rather, it should be regarded as providing a framework within which you can develop your own plans to suit your specific needs.

Planning for retirement should begin as early as possible and it should be a continuing process. We encourage you to do the suggested exercises every two or three years as you prepare for life after work. That way, any change in your circumstances will be taken into account.



Plan for Retirement

Now is the time to start planning for your retirement, no matter how young or old you are.

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Life After Work

Planning for life after work means thinking about four major lifestyle areas: good health, personal relationships, activities and accommodation.

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Save for Retirement

Living costs money and if you plan to be financially independent one day (not having to work to fund your lifestyle), then you need to ensure that you have adequate savings.

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Sources of Retirement Income

From where will you derive your retirement income? Do you know the types of income for which you’ll be eligible? Do you know how much to expect and the conversion rules for registered accounts?

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Make the Transition

As we plan for retirement, we are often uncertain about life “after work”.

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Your Retirement Years

For many people, money is the biggest cause of anxiety in their retirement planning. However, once in retirement, financial anxiety can fall below other concerns.

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