Should you consider a rehearsal for Retirement

 It often begins without an announcement. No one marks it on the calendar. There are no balloons, no speeches, no crowd of colleagues gathered to celebrate. And yet, when it happens, it feels like a small but profound turning point.

Maybe it’s a Friday afternoon. Maybe it’s a long service leave you’ve been holding onto. Or maybe it’s something even quieter, a conscious choice to slow down, to leave behind the rush and intensity that has defined your working life for so long. You’re not calling it retirement yet, but for the first time, it feels like a rehearsal for what’s to come.

This is the day you give yourself permission to experiment.

You might drop a day from your schedule.
Or take a midweek trip to the park or the museum.
Or simply stop operating at full tilt, noticing what it feels like to have a little extra space in your day.

And the magic of this milestone is that it is quiet. Intimate. Personal.

It often begins with curiosity. What happens if I slow down? If I don’t check email for a few hours? If I take a morning for myself instead of racing to be everywhere? And then, sometimes unexpectedly, you realise that life doesn’t collapse without your constant attendance. The world keeps turning, and somehow, it keeps turning well.

That’s when relief starts to wash over you.

Years of structured responsibility, of calendars filled with obligations, begin to loosen. The tight grip you’ve held on every minute slowly eases. You notice the freedom to choose, not just in theory, but in real, tangible ways. This is the first time the idea of retirement stops being abstract and starts being practical.

There’s also a quiet joy in this trial. Maybe you linger over a cup of coffee in the morning sun. Maybe you explore a hobby you’ve neglected for years. Maybe you simply read a book without looking at the clock, letting your mind wander freely. These small actions are deceptively powerful. They remind you that the rhythm of your life can be different, that you can feel present without obligation driving every moment.

Some people feel a little nervous the first time they do this. Am I being lazy? Am I missing something? Will my work pile up? But that nervousness is part of the transition, a gentle nudge that you are stepping into uncharted territory. And each time you try it, the unease diminishes, replaced by confidence: I can do this. I can pace myself. I can shape my own life.

This milestone is less about achievement and more about awareness. It’s an acknowledgment that retirement isn’t a single day; it’s a process that can begin before the formal ending of work. You’re testing the waters, learning what feels right, discovering how your energy flows when the usual pressures are removed.

You might notice subtle changes in your mindset. Tasks that once seemed urgent lose their grip. Moments that felt fleeting before now expand, and you realize how much richness was hiding in the small spaces of your day. Your relationship with work begins to shift, not abruptly, but steadily. You are no longer solely defined by output, deadlines, or responsibilities.

And this is where the milestone gets its quiet brilliance: you begin to see that retirement can be joyful, flexible, and yours to define, long before the final day at the office.

Later, when you reflect on this trial, it often becomes a story you carry with you: the day you first tasted freedom without guilt, without panic, and without drama. It’s a secret celebration, a whispered acknowledgment that something important has begun.

This is a practice in patience, in noticing, and in trust. Trust in yourself to shape your next chapter. Trust in life to keep turning even as you step back. And trust that the days ahead can be lived with intention, not just as a continuation of habit.

The day you quietly trial your first version of retirement isn’t loud, and it doesn’t announce itself with ceremony. But it’s one of the most crucial milestones because it allows you to step forward gently, to explore what’s possible, and to give your future self a taste of the life you’ve earned.

It is the rehearsal that prepares you for the real performance, the life beyond work, and it is one of the first times you feel fully, quietly, and undeniably in control of your own time.

Work is Optional

It often arrives on an ordinary Tuesday, not a dramatic one, not a breaking-point kind of day. Just a day where the pace of life slows long enough for you to notice a subtle but unmistakable shift inside yourself. You’re getting ready for work, slipping into the familiar rhythm of your morning routine, when you realise something, you haven’t felt before:

You could step back if you wanted to becaouse you don't have to work anylonger.

Not because you’re burnt out. Burnout feels heavy, like dragging a tired body through a world that keeps moving too fast. This feels different. Lighter. Steadier. Almost like someone quietly slid a new option across the table for you to consider.

For years, work was non-negotiable. You showed up because you had to. Bills needed paying, responsibilities needed attention, and there were people depending on you. Work wasn’t just something you did, it was woven into the structure of your days, your weeks, your identity.

But on this day, something softens in your relationship with it.
You realise, with a mixture of surprise and calm, that you don’t need work in the same way anymore.

You start imagining small things at first.
What would life look like with one less day on the schedule?
Would mornings feel different if they belonged to you instead of your calendar?
Could you spend a long weekend somewhere quiet… on a Thursday?

There’s a shift in the power dynamic, a quiet reclaiming of agency. Work is no longer the anchor that holds everything in place. It becomes one part of your life rather than the defining centre of it.

Sometimes this realisation hits in unexpected ways.

Maybe you’re sitting in a meeting that feels strangely long, and you catch yourself thinking:
I don’t have to be here forever.

Maybe you watch younger colleagues take on the frantic pace you once carried, and instead of feeling pressure, you feel distance, like you’re stepping back from a storm you no longer need to stand in.

Or maybe you’re driving home one evening and the sunset looks particularly beautiful, brushing soft colours across the sky, and something inside you whispers:
You could have more moments like this if you wanted.

It’s not resignation.
It’s permission.

And that makes this milestone one of the most quietly powerful ones on the path to retirement.

Because this is often the first time you allow yourself to think of work as a choice, something you could modify, reduce, or reshape on your own terms. You begin to imagine not just the end of work, but a different relationship with time. Your time.

You might notice a new feeling settling into your chest, curiosity.
What would your days look like if you weren’t racing through them?
What would it feel like to protect your energy instead of constantly spending it?
What might open up if you created space instead of filling it?

This milestone often sparks conversations you didn’t think you were ready for.
You start talking with a partner, a friend, or even yourself about possibilities:
“Maybe I’ll ask about part-time.”
“Maybe I’ll try a trial break.”
“Maybe it’s time to think about what comes next.”

And these conversations aren’t filled with fear. They’re filled with steadiness.
A sense that something is unfolding just as it should.

A surprising thing happens once you reach this point:
You carry yourself differently at work.

Not arrogantly. Not dismissively.
Just… with ease.

You become clearer about boundaries.
You say no more comfortably.
You let urgency belong to other people.
You stop equating your worth with your workload.

It is the beginning of emotional detachment, not from purpose, not from skill, but from obligation.

You have stepped into a new stage of life, even if you haven’t announced it yet.
Work is now a chapter you are choosing how to close, not a book that owns you.

This milestone reveals something essential:
Retirement isn’t an end, it’s an expansion.
And the first signs of that expansion appear long before you ever walk out the door.

When work starts feeling optional, you haven’t retired yet.
But you’ve crossed a threshold.

You’ve entered the season where your next chapter begins to take shape quietly in the background, waiting for you to step fully into it when you’re ready.

You see it. You Willbe able to Retire

It rarely arrives with fanfare. More often, it shows up during a quiet moment, the kind of moment where the world around you seems to slow down just enough for the numbers to make sense. Maybe you’re sitting at the dining table with papers spread out like a patchwork quilt. Maybe you’re in a meeting with a financial planner who is walking you through charts, graphs, and cautious optimism. Or maybe you’re on your laptop with a cup of coffee that’s already gone cold because you’ve been calculating and recalculating for longer than you meant to.

And then, suddenly, there it is.

A subtle but unmistakable shift.

You can see it.
You will have enough.

People describe this moment in different ways. Some say it feels like stepping out of a dark room into sunlight. Others say it feels like a knot in the chest finally loosening. For a few, it brings tears, relief tears, surprised tears, the kind that come when a burden you’ve carried for so long becomes lighter in an instant. But almost everyone remembers exactly where they were when the feeling broke through.

It’s not just the math. It’s the meaning behind the math.

For years, perhaps decades, retirement lived in the fuzzy “someday” corner of your mind. A place filled with vague images, softer mornings, more time, fewer alarms. You hoped it would work out. You tried to be sensible. You made contributions, built savings, paid down debt, followed the advice of people who seemed to know what they were talking about. But hope isn’t certainty, and numbers can feel like sand sliding through your fingers.

Until the day they don’t.

On this day, the numbers line up in a way they never have before. Not perfectly, they rarely do, but clearly enough that a new truth takes root:

I can do this.
I will be okay.
My future is funded.

It’s as if someone handed you a map where before you had only a foggy outline. Now you can see the actual path, not every step, not every hill, but the direction, the slope, the distance. You can see that the terrain ahead is navigable, that you’ve built something sturdy enough to support the life you want to live.

Inside, something softens.

You start imagining possibilities you didn’t let yourself imagine too deeply before.
What if you reduced your work hours?
What if you didn’t need to sprint anymore?
What if the next stage of life could be shaped, not merely survived?

This realization doesn’t erase fear, fear is human, but it replaces fear with something more powerful: confidence. A sense of readiness begins to bloom. You feel your mind shift from Can I afford to retire? to How do I want my retirement to feel?

And that question is a doorway.

Suddenly you’re thinking not just about money, but about mornings. About relationships. About rediscovering pieces of yourself you set aside during the working years. About whether you want to travel, or learn something new, or slow your pace, or pour your energy into things that matter in a different way.

This fact creates space for imagination.

It is often at this point that people begin sketching the architecture of their next decade. Not with rigid plans, but with broad strokes, the kind that feel hopeful, expansive, and deeply personal.

Maybe you picture a small garden you’ve always wanted to build.
Or long walks on weekday mornings when the world is quiet.
Or time with grandchildren.
Or volunteering.
Or simply breathing without the pressure of a clock ticking behind you.

Some people share the news with a partner or friend. Others hold it close for a while, letting the feeling settle in before speaking it aloud. Either way, something fundamental has changed.

You’ve crossed a threshold.

This event isn’t loud. It doesn’t demand an audience. It occurs in private, often in silence. But it is one of the most profound moments in the retirement transition because it marks the point where hope becomes certainty and certainty becomes possibility.

From here on, the story shifts.

Work begins to feel less like the backbone of your life and more like one option among many. You start to sense autonomy returning to you in small but powerful ways. You’re no longer moving toward retirement with hesitation, now you’re shaping it with intention.

The day you realise you will have enough is the day you truly begin to trust your future. Everything after this milestone, every choice, every conversation, every adjustment, is grounded in that quiet but life-changing truth.

You’ve built enough.
You’ve planned enough.
You will have enough.

And that understanding, soft and steady, is the foundation upon which the rest of your new life will be built.

From Debate to Implementation

Canada: Though the OAS age remains at 65, policymakers and fiscal agencies are again debating increases, with growing attention to whether indexing or gradual phase-ins will be necessary to maintain long-term sustainability. As I live in Canada I have some further information about our situation.

Recent Canadian Data & Projections Aging Population & Demographics

o    The cohort aged 85+ is one of the fastest growing. In 2021 the number was about 861,000, more than twice what it was in 2001. In projection scenarios, by 2074 that group could reach between 3.2 million (low growth) and 4.1 million (high growth). Statistics Canada

o    The ratio of working-age people (age 20-64) to those 65+ is declining. For example, in Canada (excluding Québec), it was about 3.8 working-age persons per person 65+ in 2016; projections show a drop toward 2.0 by 2075. OSFI

o    Old Age Security (OAS) & Guaranteed Income Supplement (GIS) Payments

o    Maximum OAS payments for ages 65-74 are around CA$727.67 per month as of early 2025; for those 75+ the amount is roughly CA$800.44/month. Government of Canada+2Morningstar

o    OAS payments are adjusted quarterly (January, April, July, October) based on CPI (Consumer Price Index). For example, in July-September 2025 the OAS payments were increased by about 1.0% over the previous quarter. actia.ca

o    GIS (“Guaranteed Income Supplement”) and Allowance thresholds and maximums are also in place to assist lower-income seniors; eligibility depends on previous year’s net world income, with thresholds above which payments are clawed back. Morningstar+2Government of Canada

CPP / Participation & Retirement Age Trends

• In actuarial reports, Canada’s pension (CPP) projections assume increasing labour force participation among older age groups. For example, the report projects the participation rate of people aged 18-69 to increase from ~ 75.9% (in 2018) to ~ 79.2% by 2035 under a “best estimate” scenario. OSFI
• Retirement benefit “take-up” ages (i.e. when people begin collecting the CPP retirement benefit) are assumed to remain roughly similar, though with some shift: for cohorts reaching age 60 in 2021 and thereafter, take-up at age 60 is assumed to be ~ 27.0% (males) / ~ 29.5% (females); take-up at age 65 is assumed ~ 46.4%. OSFI
• Projections show that under lower economic growth, costs of the OAS program expressed as a percentage of GDP rise over time; similarly, CPP costs will be higher with demographic shifts, especially as the population aged 65+ grows and the ratio of contributors to beneficiaries worsens. OSFI+2OSFI+2

Labour Constraints & Retirement Timing

• From the OSFI and related actuarial reports: average ages in certain defined benefit pension plan pools are creeping upward; “average age” of contributors in some plans has increased vs earlier years. For example, in the Public Service pension plan (as at 31 March 2023), average age of male contributors (main group) was ~ 50.9, up from ~ 49.6 in 2020; for females ~ 50.0 vs ~ 48.6. OSFI
• Also in the OAS actuarial report, there’s an assumption of “continued trend toward delayed retirement” for those aged 55+ in workforce participation

Retirement Age on the Rise: Political and Social Resistance

If the fiscal case for raising retirement ages has grown stronger, the political case remains fraught. Few policies stir public anger more than delaying pension eligibility. Older workers, especially those in physically demanding jobs, argue that it is unfair to expect them to keep working while white-collar professionals can extend their careers more easily.

Ireland illustrates the point vividly. The government raised the retirement age to 66 in 2014, with plans for further increases to 67 and then 68 by 2028. Yet the issue has dominated elections, with some parties even calling for a rollback to 65. As one Irish voter put it during a radio call-in: “It’s a bridge too far, and they thought they’d get away with it.” Similar anger erupted in France in 2023, when more than a million people protested President Macron’s decision to raise the pension age from 62 to 64.

Canada, too, has wrestled with this debate. The statutory age to receive Old Age Security (OAS) remains 65, but recent policy reviews have reignited discussions about whether that age should rise. A decade ago, the federal government attempted to raise OAS eligibility to 67, only for the measure to be reversed in 2016. Since then, fiscal watchdogs like the Parliamentary Budget Officer have repeatedly warned that the costs of OAS and the Canada Pension Plan will climb sharply as the population ages. 18.5% of Canadians are now 65+, with the 85+ group growing rapidly,  which raises the cost of OAS, health, and long-term care.

Attempts to raise the OAS eligibility to 67 years in past were reversed (2016), so there is Precedent in Canada of political backlash. And that while no major party has committed recently to raising the OAS eligibility age, the cost and demographic projections (especially shrinking contributor-beneficiary ratio) mean that the question is circulating.

 From Debate to Implementation

Still, the big change between 2020 and 2025 is that many governments are no longer merely debating reforms — they are implementing them. Mechanisms that automatically tie retirement age to demographic or life-expectancy measures are increasingly common, reducing the need for repeated political battles. Policymakers argue this creates predictability for future retirees while preserving fiscal sustainability.

• Denmark: Pension age legislated to rise to 70 by 2040, tied to life expectancy.
• China: Sweeping reforms to gradually increase retirement age over the next 15 years.
• Czechia: Retirement age pushed higher for future cohorts, with lower benefits for younger workers.
• United States: Social Security full retirement age creeping upward; proposals for further automatic increases.

Finding Energy and Stimulation in Everyday Life

When most people think of retirement, they imagine long afternoons of leisure, perhaps with a good book or a stroll in the park. While these moments are wonderful, retirement also offers something deeper: the chance to find energy and stimulation in the ordinary rhythm of daily life.

This week, my “adventures” were mostly small and familiar, yet they brought a surprising vitality. I spent time creating posters for an upcoming event. The task required me to learn new software, a process that was at first frustrating but quickly became engaging. Clicking, dragging, adjusting layouts, and exploring functions all became a puzzle I wanted to solve. By the time I finished, I wasn’t just proud of the posters; I felt energized by the process of problem-solving and creation.

Later, I tackled another challenge: helping my grandson download videos from Instagram. At first, I hesitated, unsure where to start. But the mental stimulation of learning a new tool and solving a real-world problem provided a spark of excitement. It was a reminder that mental engagement doesn’t require grand projects, just a willingness to stretch your mind and try something unfamiliar.

Even everyday tasks, like cooking dinner, can bring unexpected stimulation. My wife was having a rough day, so I took over the evening meal. Experimenting with new techniques and flavors was both creative and energizing. I found myself fully immersed in the experience, savoring the process as much as the result. These small moments accumulate into a larger sense of vitality, a reminder that stimulation is not about novelty alone, but about being present and engaged.

Retirement provides the time to notice what often goes overlooked. I had a quiet moment at the kitchen window one afternoon, watching a pair of blue jays in our cedar tree. It was a simple scene, yet observing their delicate movements and listening to their calls brought a sense of wonder and connection. Even the most “ordinary” life is full of energy if we pause to see it.

The lesson here is clear: stimulation doesn’t only come from travel or grand projects. It’s found in learning a new skill, solving a small problem, experimenting in the kitchen, or observing nature in your backyard. These moments keep the mind sharp, the heart engaged, and the spirit lively.

Retirement doesn’t have to slow you down. In fact, it offers a unique freedom to cultivate engagement in ways you couldn’t before. By approaching each day with curiosity and an open mind, you can discover energy and joy in the rhythm of normal life.

When you allow yourself to notice, participate, and experiment, every day becomes an opportunity to be fully alive. The stimulation is all around you, sometimes in a software program, sometimes in a cooking adventure, and sometimes in the quiet flutter of a bird outside your window. Retirement is a stage of life where ordinary moments become extraordinary simply by being fully present.

 

Rethinking Life After 60: Day 11: Lifelong Learning, Your Brain’s Best Ally

 Retirement doesn’t mean you stop learning, in fact, it’s one of the best times to start! Whether you’re trying a new recipe, picking up a language, or taking a class for fun, keeping your brain active adds energy, confidence, and joy to daily life. One woman’s story of learning French just to talk to her grandkids might inspire you to try something new too.

Retirement isn’t an end to learning, it’s a golden invitation to keep your mind active, curious, and engaged in new ways.

Staying mentally sharp isn’t just about avoiding decline, it’s about growing. Learning something new activates the brain in powerful ways, builds confidence, improves memory, and can even help stave off loneliness and depression. And the good news? It doesn’t have to be academic or complicated to count.

What counts as lifelong learning?

• Trying a new recipe or learning to cook a new cuisine
• Taking a course online or at a local community center
• Reading books outside your usual genres
• Learning a new language, skill, or hobby, even in small doses
• Playing strategy games, crosswords, or brain teasers
• Joining a discussion group or book club

A true story: A second language, a second wind

María, 68, retired from her job in administration and wanted to stay connected to her grandchildren, who were growing up bilingual in French and English. Though she had no experience learning a second language, she enrolled in a free beginner French class at her local library. It was hard at first, but it opened a new world.

Two years later, María’s not only able to understand and respond in French, but she also has a new group of friends from the class and now volunteers at a French English story time for toddlers. “I didn’t just learn a language,” she says, “I rewired how I see myself.”

The New York Times games I play with my wife is a perfect fit, combining fun, mental challenge, and connection. Games like Wordle, Connections, or crosswords sharpen vocabulary, pattern recognition, and memory, all while bringing joy and bonding time into your day. Even better: sharing a little playful competition keeps you accountable to each other in a good way.

Your brain loves novelty. Feed it often. Whether it’s a new word, a new idea, or a new skill, it all adds up to a stronger, more adaptable mind, and a more satisfying retirement.

Retirement is changing—here’s what you need to do now

The idea of retiring at 65 is fading fast. Countries like Denmark are raising the retirement age to 70. Canada could follow. If you're working hard and hoping for a well-earned rest someday, that kind of news can feel like a gut punch. But this isn’t the time to panic—it’s the time to get prepared.

Here’s what you need to know—and do—right now:

1. Don’t wait for the government to look after you
Tying retirement age to life expectancy means your pension could arrive later than you planned. That’s out of your control. What is in your control? Saving and planning like your personal retirement fund is your main source of income—not just a backup.

2. Build your own pension—on your terms
Treat every dollar you save in your RRSP, TFSA, or workplace pension like a building block of freedom. Automate your savings. Grab every employer match. Kill your debt. Think in monthly income, not lump sums. If you can create enough to live on, you won’t care when the official retirement age changes.

3. Reframe retirement so it doesn’t feel so far away
Don’t think of retirement as the day you stop working—think of it as the day you stop doing work you hate. You can lighten the load before you stop completely. Shift to part-time, start a side gig, or find work that gives you joy, not just a paycheque.

4. Protect your mental health by taking back control
The uncertainty is real. But the way to fight fear is with action. Create a plan. Set small, steady goals. Learn the basics of money. Even modest changes now can build powerful results over time. You’ll feel stronger—and sleep better—knowing you’re not at the mercy of policy changes.

This is the new reality. Retirement is no longer a finish line someone else hands you. It’s something you build—step by step, on your own terms.
The good news? You don’t need to be rich or lucky to do it. You just need to start.

Watching retirement drift further out of reach is mentally brutal.

The cure? Reframe retirement.

When you hear that the retirement age might go up to 68 or even 70, it can feel like a punch to the gut. You’ve worked hard your whole life. You thought there was a finish line—and now it keeps moving farther away. That’s frustrating. It can make you feel stuck, tired, and even hopeless.

But here’s the truth: you don’t have to wait for someone else to tell you when your real life begins. You can take back control by changing how you think about retirement.

Reframing retirement means this: stop thinking of it as the day you stop working, and start thinking of it as the day you stop doing work you hate.

You don’t need to wait until 65 to be happy. You don’t need to be completely retired to feel free. If you can build a life where you enjoy what you do—where you feel proud, valued, and energized—you’ll feel better now, not just “someday.”

Here’s what that can look like:

• If your current job is burning you out, think about switching to something less stressful, even if it pays a bit less.

• If you love to fix things, work with your hands, or help people, find ways to use those skills in a job that makes you feel good.

• If your health is strong now, take care of it like it’s your most important retirement tool—because it is.

• If money is tight, find one small way to bring in extra income doing something you don’t mind—or even enjoy.

When you stop thinking of retirement as a final escape, and start building a better life now, the pressure drops. You feel more in control. You stop counting down the years—and start making the years count.

That’s how you protect your mental health: not by wishing for early retirement, but by creating a life you don’t need to run away from.

Starting Over Part 1

The phenomenon of a worker who may have been in the work force for 40 years suddenly starting a new career at 50 or over is a trend that is exploding as baby boomers hit that age bracket. There has always been a phenomenon of older workers trying something new, but the trend has hit such a new high in the baby boomer retirement picture.  So, you have to wonder what about baby boomers makes them want to start new careers late in life  over the next few posts I will highlight some seniors who have made the leap, staring with Brendan MacNeill

For over four decades, Brendan MacNeill dedicated his life to photography. From his early fascination with the magic of developing images in a darkroom to a career capturing black-and-white landscapes and working in corporate and hospitality photography, Brendan's passion was evident. However, the freelance nature of his work brought financial instability and a persistent sense of impostor syndrome. As the industry evolved and technology democratized photography, Brendan found it increasingly challenging to secure consistent work and felt a growing disconnect from the younger clientele.

At 67, Brendan reached a turning point. On the first working day of January, he decided it was time for a change. Living near Edinburgh's Braid Hills and owning an old estate car, he saw an opportunity to combine his love for nature and animals by starting a dog-walking business. Within a week, "Brendan the Dog Walker" was born.

Transitioning from photography to dog walking wasn't without its challenges. Letting go of his identity as a photographer was emotionally taxing. He had spent years honing his craft and building a reputation. However, the joy he found in his new role was undeniable. Walking up to eight dogs weekly, including breeds like old English sheepdogs, cocker spaniels, and labradoodles, Brendan discovered a renewed sense of purpose.

Each morning, he would set out with his canine companions, relishing the routine, the companionship, and the beauty of the outdoors. The dogs' enthusiasm was infectious, and Brendan found solace in their company. He noted the positive impact on his mental health, appreciating the structure and community that came with his new profession. The financial stability was an added bonus, providing a more reliable income than his previous freelance work.

Brendan's story is a testament to the idea that it's never too late to reinvent oneself. By embracing change and following his passions, he found happiness and fulfillment in an unexpected place. For seniors contemplating a new path, Brendan's journey serves as an inspiring example of the possibilities that await when one is open to change. Source: The Guardian

The Best Time to Start Saving Is Now, No Matter Your Age

Most people don’t talk openly about retirement until they’re already well into their 50s or 60s. For a long time, I was one of them. Like many others, I didn’t start seriously thinking about my own retirement until I was in my 50s. Life was full, raising a family, working, covering the day-to-day bills, and retirement felt like something far away, something “future me” would figure out.

Luckily, when I finally did take a hard look at my future, I had a workplace retirement plan and was able to save into the six figures to supplement it. That gave me a decent foundation. But let me be clear: I was fortunate. Many people hit their 50s or 60s with very little savings, fear in their gut, and no idea what to do next.

Even worse? When they go looking for help, they hit a wall. Financial advice can be expensive, often limited to those with large portfolios, and good guidance feels out of reach. This is a retirement blind spot we don’t talk about nearly enough, and it’s long overdue that we fix it.

My goal of this series is to provide Canadians with down-to-earth, practical information that helps you take control of your retirement planning, no matter where you’re starting from. Whether you’re in your 20s or your 60s, the best time to start is now. Really. The advice given in these posts is based on my situation, and should not be taken as expert advice. If you are planning for your retirement, talk to your advisor or financial institution before taking any actions.

Why So Many of Us Delay Retirement Planning

If you haven’t started saving for retirement yet, you’re not alone. In fact, surveys have shown that nearly half of Canadians don’t have a formal retirement plan. Why?

• Life gets busy. Between raising kids, paying the mortgage, and dealing with unexpected expenses, it’s easy to let retirement planning slide.
• It feels overwhelming. There are so many acronyms, RRSPs, TFSAs, CPP, OAS, and it’s hard to know where to begin.
• We think there’s still time. In your 30s or 40s, retirement seems far away. In your 50s or 60s, it feels too late.

Here’s the truth as I see it: It’s never too early or too late to start.

The Sooner You Start, the Easier It Gets

One of the most powerful concepts in saving is compound interest, your money earns interest, and then that interest earns interest too. I found this out late in life. The earlier you start saving, even small amounts, the more time your money has to grow.

Let’s say you start saving $200 a month at age 25. By the time you’re 65, you could have over $300,000, depending on your investment return. Wait until 45, and that total might be closer to $100,000. That’s still a solid start, but more time equals more growth.

Even if you feel behind, you can still make progress. Many people ramp up their saving in their 50s and 60s when their expenses go down or their income stabilizes. That’s what I did. I got focused, built a plan, and stayed consistent.

What If You’re Starting Late?

If you’re in your 50s or 60s and just beginning, don’t panic. Here are a few things you can do:

• Review what you already have. You might have workplace pensions, RRSPs, TFSAs, or even some equity in your home.
• Cut unnecessary expenses. Even small changes, like reducing subscriptions or eating out less, can free up money for saving. My wife and I only went out once a month once we started getting serious. A friend of mine and his wife, only went out for lunch or happy hour and they shared a meal. Little things add up.
• Make use of tax shelters. RRSPs and TFSAs can still offer advantages, especially if you’re in a higher income bracket now than you expect to be in retirement.
• Set specific goals. Retirement isn’t just a number, it’s a lifestyle. What do you want yours to look like?

Your First Action Step

If you’re just starting, here’s a simple three-step plan:

1.   Open a TFSA or RRSP if you don’t already have one (more on this in Posts 2 and 3).

2.   Start with any amount, even $25 a week adds up over time. If you are a Tim Hortons or a Starbucks regular, cutting back to twice a week may save you the $25, to start your plan.

3.   Automate it. Set up automatic transfers so saving becomes a habit, not a chore. I did that and it made my ability to save,  a lot easier.

These baby steps can snowball. Once you start seeing your savings grow, it becomes easier to stay motivated.

You Don’t Need to Be Rich to Retire Well

Too often, the retirement industry focuses on people with big portfolios and high incomes. But the majority of Canadians are working with modest means, trying to balance competing priorities.

That’s why  over the next few posts I will focus on what everyday people can do:

·        How to choose between TFSAs and RRSPs

·        When to apply for government benefits like CPP and OAS

·        What to know about health benefits in retirement

·        Where to go for affordable or even free advice

·        What housing options make sense for you

Don’t Wait for the “Perfect” Time

Waiting until you earn more, spend less, or “have time” won’t make retirement planning easier. Taking one step, today, is what moves you forward.

I started in my 50s. You can start now.

Helpful Link: Get Smarter About Money – Retirement Planning

In the next post, I will break down Tax-Free Savings Accounts (TFSAs), one of the most flexible tools for saving, whether you’re 25 or 65.

Until then, take a deep breath, remind yourself that you’re not behind, you’re just getting started, and you’re not alone.

Boomers and Gen Xers, Welcome to the Next Big Adventure: Retirement!

In 2025, the last of the Boomers turn 60, and some Gen Xers are hitting the big 5-0. Whether you're considering retirement or already making plans for your golden years, you’ve likely realized this is a big transition. For those of us who have already taken the leap, retirement is what you make of it, and it can be both exciting and daunting.

To make sure retirement isn’t just a long vacation but a rewarding new chapter, here are 10 pieces of advice to help you step into 2025 and beyond with confidence and a smile.

Your time is now your own, use it wisely. 

Your working years were all about making money, but in retirement, time is your most valuable asset. Spend it on what brings you joy, purpose, and connection.

• Just like Santa, make a list and check it twice, but make a list of things you’ve always wanted to do, you don’t need a naughty and nice list yet unless you are preparing your will.(😉) 

• Try a hobby, or pick up an old one—macrame, anyone?

• Build a morning routine you enjoy (yes, this can include coffee and crossword puzzles, my routine includes coffee, Wordle, Connections and the Mini crossword).

Think of your time like a budget: spend it where it counts, and save the rest for what matters most.

Retirement: Your Launchpad for Life’s Next Adventure

Think of retirement as the starting gate for your next big adventure.

• Want to learn a new skill or take a part-time job? Go for it!

• Explore volunteering or joining a social club.

• Make a bucket list—not just for travel, but for experiences that light you up.

Remember, if it’s all too overwhelming, start with one small step. You don’t have to reinvent yourself overnight.

Ease the Transition

A sudden halt from full-speed work to full-stop retirement can feel like slamming the brakes on a speeding car. An interim project, something engaging and meaningful, can help smooth the ride.

• Write your memoirs (your grandkids will love to read it someday).

• Start a vegetable garden (bonus points if you get the neighbors hooked on your tomatoes).

• Learn a new language and plan a trip to show off your skills.

Spend on what you care about

You’ve worked hard for your money, so spend it on what truly matters.

• Invest in experiences over things.

• Treat your health as the most important asset in your portfolio.

• Enjoy life now, but keep an eye on the future (your 85-year-old self will thank you).

Splurge a little—but skip the gold-plated golf cart.

Create a “New Normal” Routine

Without work setting the alarm clock, it’s easy to drift. We all need a reason to get up in the morning and face the day. So start by building a routine that balances relaxation and purpose.

• Schedule time for exercise, hobbies, and socializing.

• Set goals—weekly, monthly, or just for today.

• Stay flexible—this is your time, not a to-do list marathon.

Social Connections Are Your Secret Weapon

Retirement can sometimes feel isolating if you’re not intentional about staying connected.

• Reconnect with friends and family you’ve missed.

• Join a group, whether it’s book clubs, walking clubs, or even bird-watching enthusiasts.

• Get tech-savvy. My brothers and I have a scheduled meeting once a month and we talk for about 40 minutes to catch up on how we are doing, how are families are and what new things we are into. I love the contact with my brothers and I thought I would never say this but a  Zoom call counts as quality time. Friendships are the spice of life—don't let them go stale.

Keep Your Mind Sharp—Because Trivia Nights Are Fierce

Your brain needs exercise, too!

• Pick up puzzles, crosswords, or strategy games.

• Take an online class or attend local workshops.

• Stay curious—ask questions, explore, and never stop learning. I found that since I retired and I have white hair, asking questions is easier and for the most part, people are inclined to answer, although very few can be condescending.

Plus, it gives you an edge when competing for the trivia championship at the local pub or legion

Embrace Your Inner Adventurer

Every day was an adventure, remember when you were younger and every day was new and exciting. A great mindset which you can now tap into to see the world with a new vision.

• Travel doesn’t have to mean jet-setting—explore local parks, museums, or road trips. Travel can be playing tourist in your own town or city and looking at where you live as a tourist might see it. This can lead to finding a new coffee shop or bakery or restaurant you never knew existed.

• Try something new that feels a little daring—salsa dancing, anyone?

• Give yourself permission to dream big.

Change Takes Time

Retirement is messy, confusing, and emotional. That’s perfectly normal. There are stages of retirement and the first is messy and confusing, but if you are not too hard on yourself, you will make it through this stage and look back and wonder at what you did.

• Take time to decompress—you’ve earned it.

• Experiment with new activities, knowing it’s okay if some don’t stick.

• Treat yourself with patience and humour—nobody becomes a retirement pro overnight. I have been retired since  2006 and I am still learning about this stage, so, think of this as your “trial and error” phase.

Keep Laughing

Laughter really is the best medicine, and gratitude makes everything sweeter.

• Celebrate the little wins—your first perfect pancake flip deserves applause. By doing this you are setting a wonderful example for your children and your Grandchildren and Great Grandchildren.

• Share your joys (and your bloopers) with loved ones.

• Practice gratitude for this new chapter—it’s a gift, wrinkles and all.

Retirement isn’t about slowing down; it’s about choosing your own pace. You’ve got the tools, the time to learn how to use them, and the wisdom. Now, go make this next chapter your best one yet!

Warning sign 4 you are not ready for retirement part 2

More thoughts on how to avoid social isolation when you retire. Retirement gives you the time and flexibility to be more present in your children’s and grandchildren’s lives. Attending important events, hosting family gatherings, or simply offering to help out in small ways can nurture a stronger connection. Grandparents can also be an important source of emotional support and guidance for younger family members.

My niece is very interested in family and family history and when we meet with her, she is always asking us to share family stories, experiences, and traditions which help foster a sense of belonging and continuity. Passing down knowledge or life lessons strengthens the family bond and keeps your legacy alive.

With more time in retirement, couples can focus on their relationship in new ways. Taking up shared hobbies, travelling, or simply spending quality time together helps nurture intimacy and companionship. This is an opportunity to rediscover each other’s interests, rekindle romance, and create new memories together.

Retirement can be a significant life change, and it’s important to ensure you and your partner are aligned on your retirement goals, daily routines, and activities. Open, honest communication helps avoid misunderstandings and strengthens your partnership.

As friends or family members experience life changes—whether it’s retirement, loss, health issues, or other transitions—being there for them in small but meaningful ways is invaluable. A kind word, a listening ear, or offering to help during difficult times builds trust and strengthens relationships.

Sometimes, the most valuable thing you can give to others is your time. Volunteering to help a friend with a project, visiting someone who may feel isolated, or even just spending an afternoon with loved ones shows that you care.

Whether it’s an annual family vacation, a birthday tradition, or a regular gathering with friends, establishing new traditions gives you something to look forward to and creates memories that bond you closer to those you care about.

Join or form a group with friends who share a common interest. This could be anything from a book club to a walking group. Regular social engagements help keep your mind and spirit active, while also maintaining important connections.

One of the simplest but most profound ways to nurture relationships is to truly listen. Giving your full attention to others when they speak shows that you value their thoughts and feelings. This fosters deeper emotional connections and mutual respect.

As you and your loved ones navigate the changes that come with retirement, showing empathy and understanding can help create a supportive and caring environment. Whether it’s adjusting to a new routine or managing health challenges, being there for each other through the ups and downs is essential.

Prioritize regular get-togethers with family and friends. Schedule monthly lunches or activity dates to stay connected. Join clubs, senior centers, or hobby-based groups to make new connections outside of work. If proximity to loved ones is a concern, consider moving closer to family or into a retirement community that fosters social engagement. Here are two resources to help you in this journey AARP.org – Staying Connected: AARP provides great resources on preventing isolation, including social activities for retirees. SilverSneakers.com: Offers group fitness classes tailored to seniors, many of which are highly social.

Pearls of Wisdom

A while back, I read the blog "Pearls of Wisdom" by Caree Recover, where she talks about being retired for 10 years. I have a clock on my blog that counts the days, hours, and minutes since I retired. Actually, I have two clocks: one marks my official retirement, and the other tracks my true retirement, with an 8-year difference between them. I was slow to retire, returning to work just two days after initially retiring on a part-time basis, which soon became full-time. After quitting the full-time job, I was rehired part-time a month later. This pattern continued for about three years until I fully retired.

I haven’t always focused on retirement milestones, but I am now approaching 19 years of retirement, with the last 10 years being fully retired. Over time, I’ve shared my retirement journey and the common challenges we face. The idea of milestones is intriguing. We celebrate milestones like becoming a teenager or turning 21, but as we age, we often overlook them. While we celebrate significant birthdays, like turning 65, 80, or 90, we tend to forget other milestones, such as 10 years of retirement.

So, I want to congratulate Caree on this remarkable achievement and encourage everyone considering retirement to recognize and celebrate these important milestones.

Ageing in place

 Are you among the many Canadian seniors who cherish the idea of staying in your own home for as long as possible? It's a sentiment shared by a growing number of individuals, with Canadians now living longer lives, some even reaching the remarkable age of 100!

According to recent data from the Office of the Chief Actuary, the average life expectancy for Canadians aged 65 and above is 87 for men and 89 for women. This longevity trend opens up a world of possibilities, including the option to age gracefully in the comfort of your own familiar surroundings.

Aging in place isn't just about staying at home; it's about ensuring you have access to essential services, health care, and the supportive community you need to live safely and independently. If you're a near senior or senior contemplating aging in place, this booklet is tailored just for you. It's a roadmap to help you understand what steps you can take to prepare for your later years.

Planning for the future is an empowering step that gives you more control over your life as you age. By envisioning what you want your life to look like in 10, 15, or 20 years, you can start making choices today that support your long-term well-being and independence. Creating a personalized plan for aging in place not only enhances your quality of life but also minimizes the need for rushed decisions during times of crisis.

Once you have your plan in place, take the time to add a section to the plan that allows you to reflect on what you have in your plan. Use this section to jot down your thoughts and concerns, helping you focus on areas that matter most to you. Then, act by taking actionable steps to prepare for a fulfilling and self-directed aging experience.

Your home is not just a place; it's a sanctuary where you've built memories and a sense of belonging. Embracing aging in place is about preserving that cherished lifestyle while ensuring you have the support and resources to thrive. Let's embark on this journey together and make your later years truly golden!

Retirees may stuggle with

Yesterday I posted some struggles that we may have when we retire, they were meant to be humourous. Today I want to look at some serious retiree struggles:

Adjusting to a new routine:

Saying goodbye to the daily work grind can be a significant adjustment. However, it's an opportunity to create a new, flexible routine that suits your preferences.

Finding a new identity:

Retirement is a chance to rediscover who you are outside of your profession. It's a journey of self-exploration and personal growth.

Boredom:

While the absence of work routines can lead to boredom, retirement opens up a world of leisure activities and hobbies to pursue.

Social isolation:

Maintaining social connections may require more effort, but it's also an opportunity to forge deeper relationships with loved ones.

The struggles of staying active:

Staying active in retirement may pose challenges, but it's crucial for maintaining physical and mental well-being. It's a chance to explore new forms of exercise.

Finding purpose day-to-day:

Retirement provides the freedom to pursue passions, volunteer, or learn new skills, giving each day a sense of purpose.

Mental stimulation:

Keeping the mind sharp is a vital part of retirement. Lifelong learning, puzzles, and engaging activities can help maintain cognitive abilities.

Keeping in touch:

Nurturing relationships requires more effort, but the quality of connections can improve as you have more time for meaningful interactions.

Financial challenges:

Adjusting to a fixed income can be tough, but effective budgeting and financial planning can ensure a comfortable retirement.

Budgeting:

Creating and sticking to a retirement budget can be empowering and offer peace of mind.

Housing decisions:

Choosing the right housing arrangement can be challenging but is essential for safety and comfort in your later years.

Family dynamics:

Open communication with family members is key to avoiding misunderstandings and conflicts about caregiving and responsibilities.

Loneliness:

Recognizing and addressing loneliness is important for emotional well-being. Engaging in social activities can be fulfilling.

Challenges with technology:

Embracing technology can enhance communication and entertainment options, making retirement more enjoyable.

Scammers:

Being cautious about scams is vital to protect your financial well-being during retirement.

Healthcare concerns:

Prioritizing health through regular check-ups and a healthy lifestyle is crucial in retirement.

Sleep challenges:

Establishing a consistent sleep routine is important for overall health and well-being.

Navigating health insurance:

Ensuring you have the right health insurance coverage is essential to avoid unexpected medical expenses.

Planning for the future:

Planning for end-of-life arrangements and legal matters provides peace of mind for both you and your loved ones.

Dealing with grief:

Coping with loss is a part of life, and support from friends and family can help navigate these difficult times.

Empty Nest Syndrome:

Rediscovering your identity after children leave home can be a positive journey of self-discovery and new interests.

Navigating the benefits system:

Understanding and accessing available benefits can provide financial relief and security in retirement.

Physical challenges:

Adapting to physical changes may require lifestyle adjustments, but staying active and seeking medical advice can promote well-being.

Changing social circles:

Building new social connections can be enriching, and staying connected with old friends is equally important.

Caregiving responsibilities:

Balancing caregiving with self-care is essential to prevent burnout and maintain your own well-being.

Fulfilling the bucket list:

 Retirement offers the time to pursue lifelong dreams, and there's no rush to achieve them all at once. It's a journey, not a race.

Finding ways to be part of the community:

Engaging in community activities can provide a sense of purpose and connection in retirement.

Revisiting old hobbies:

Reconnecting with past hobbies can bring joy, and it's an opportunity to explore new interests.

Remember it is not all struggles: Despite the challenges, retirement is a phase of life filled with the potential for happiness, personal growth, and new adventures. Embrace it!