Senior living

Retirement

Simple steps to a healthy and happy retirement
Retired 80-year-olds can often have double the social interaction of their 50-year-old counterparts. This supports research that happiness increases with age because social interaction stimulates your brain to release "feel good" chemicals like norepinephrine, which leads to contentment. Informative nuggets like this are packed into the book Old is the New Young: Erickson's Secrets to Healthy Living.

The ABC's of baby boomer retirement planning
If you are one of America's 78.2 million baby boomers, you are likely considering what ideal retirement will look like, and the steps required to achieve it. With the current economic downturn, many boomers are finding it necessary to revisit their initial retirement goals. Today's retirees count on corporate pensions and Social Security for 56 percent of their retirement income. With a few minor adjustments, some careful planning and a positive attitude, the other 44 percent is attainable.

Protecting your rebuilt nest egg: ID theft basics for boomers
If you're a baby boomer, you may be in better financial shape than people in other generations. But you might also feel greater pressure to preserve the wealth you've retained and protect your ability to continue saving for retirement. Identity theft is one of the fastest-growing threats to seniors' financial health.

Women boomers need to plan for retiring alone
Women who find themselves single in retirement face increased financial risks, says a new report from the BMO Retirement Institute. Some may have lived their entire lives as part of a couple, and therefore never put a solid "single retiree" plan into place. A spouse's death or divorce could leave them starkly unprepared.

For Financial Success in Retirement, Know Your Retirement IQ
As children, many baby boomers went through a familiar right of passage — the IQ test their parents forced on them to learn just how intelligent they were. Today, many of those baby boomers are increasingly concerned about their "retirement IQ," or where the stand on the path to a successful retirement. So where does one go to get their retirement IQ?

Are You Hitting Roadblocks Along the Way to Retirement?
More and more Americans are facing the reality that the financial demands of everyday living are getting in the way of their ability to save for tomorrow. They are not paying nearly enough attention to their long-term needs, especially the need to save and plan for retirement. Some people plan to simply work longer to better position themselves for the transition into retirement, but are not considering the possibility that they may not have the luxury of retiring on their own terms.

Time to retire the word retirement
With Canadians living and working longer than ever before, it's only fitting that the term retirement be reinvented. In fact, a recent BMO Retirement Trends Study has found that 87 per cent of Canadians 45 and over believe the word 'retirement' should be retired. Up until recently, the term retirement often conjured up images of elderly individuals slowly retreating into restful old age. Today, retirement is about choice, ambition and freedom.

Too young to retire: A new career track for baby boomers