The Zoomer Report: Summertime Retirement

If you’re ready to retire, you may want to do it over the next few months.

A new survey from Fidelity Investments Canada shows that June, July and August
are the months when the highest numbers of Canadians retire. The reason is simple.
Our summer is so short and retiring Canadians want to take full advantage of
it by not spending time at work. However, this year’s survey shows that
more people are finding it harder to retire.

Last year nearly half the people polled said their transition into retirement
was easier than they expected. This year, there was a fairly big drop in the
number who feel this way.

That’s likely because the volatility of the financial markets and other
investment issues investors faced in late 2007 and early 2008, are making many
recently retired Canadians feel less secure about their finances.

Photo ©iStockphoto.com/Loretta Hostettler

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About The Zoomer Report

Libby Znaimer, a prominent Canadian journalist specializing in business, politics, and lifestyle issues, is producer and host of The Zoomer Report, a special feature on topics of interest to baby boomers and the 50+. It covers everything from health and wealth to leisure and volunteerism, from the special vantage point of the generation that has changed society in its wake.

Ms. Znaimer is also Vice-President of News and Information for Classical 96.3FM and AM740. Her first book, “In Cancerland – Living Well Is The Best Revenge” – was published in October 2007 by Key Porter.

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