Working in retirement - people do it for various reasons

A recent survey on working in retirement shows that nearly half of Canadians expect to work past the age of 65.

Some of the reasons given are - wanting to remain mentally active, career enjoyment and needing the money. The majority singled out lifestyle reasons as opposed to financial reasons.

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91% said staying mentally active, 86% said career enjoyment, 80% said financial reasons, 79% said they want to earn enough money to live well, 77% said they don’t believe government pensions will be enough to live on and 68% said they want to earn enough money to pay basic living expenses.

These results show a major shift in how Canadians view working in retirement. Several factors seem to have contributed to this relatively new cultural phenomenon. Undoubtedly the primary reason behind these results is that people are living healthier and longer lives.

The idea of packing it all in at 65 years of age and disappearing into the sunset has become a completely outdated concept.

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Along with increased health and longevity comes the need to remain engaged in the world of every-day living.

To continue doing something similar to what they have been doing all their lives seems to be a natural choice for a lot of people.

Governments, noting this trend, became concerned about the shortage of a skilled experienced work force and sought to remove the mandatory retirement age.

One side effect of living a longer and healthier life is that it’s going to require more money. As a result, people will consider extending their earning years to cover these added costs.

There are two main ways of working in retirement: working for no pay (volunteering) and working for pay.

Volunteering

www.volunteercalgary.ab.ca Volunteer Calgary has played a key role in the development of volunteerism in Calgary for over 50 years. They have over 450 member organizations to manage volunteers and they connect thousands of Calgarians with unique volunteer opportunities in their community. You can go on their website and choose the time, location and category of volunteering to suit your needs. Maybe you have some special skill you want to share or maybe you want to learn something.

Look for a similar volunteer organization in your area.

Working

There are several employment web sites to help you in a search for working in retirement:-

www.retiredworker.ca Retired Worker was launched in Toronto in 2003 - the first web site for retired people who want part time, temporary or casual work. It now has 25,000+ registered job seekers across Canada.

www.craigslist.org Craig's list is similar to e-bay but is area specific and has interesting job postings.

www.workopolis.ca and www.monster.ca:-Workopolis and Monster are internet recruiting and career transition consultants servicing employers and job seekers.

www.cra-arcgc.ca Canada Revenue Agency has a number of useful publications available on line for individuals starting their own business including “ Guide for Canadian Small Businesses”.




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