Real retirement

The vast majority of Canadians expect to work in retirement. Do you?

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by Stefania Di Verdi
January 29th, 2013

Online only.

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  • Roughly 80% of Canadians expect to work in some capacity beyond the age of 65 with nearly 40%  likely to start their own business in retirement, according to a new survey for BMO. The top reasons for doing so include the need for extra cash, a desire to stay sharp and pleasure. Almost half of would-be entrepreneurs said they’d consider using a portion of their retirement savings to kick-start the business. “While it may be tempting to draw on retirement savings to fund your post-retirement business, there are other options available,” said Steve Murphy, head of commercial banking for BMO. Other sources could include a separate savings account, a loan, venture capital or an inheritance.
  • When’s the best time to buy airfare? Roughly 81 days before an international flight and 49 days before a domestic flight, according to a recent U.S. study by CheapAir.com.
  • Are Canadian real estate prices getting you down? In this latest blog post, Frugal Zeitgeist suggests steps to take when homeownership feels out of reach.

One comment on “Real retirement

  1. I think that it as good idea to work in some capacity after you have retired – If i have it my way i will be looking at working ,maybe working my own business, I have a few years to go yet , but i am planning for this really as we speak

    Reply

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