Nevada Retirement Planners

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Among retired Canadians, one in four cited health issues as the main reason for leaving the workforce, according to the 19th edition of the RBC RRSP Poll, released this morning.

But only 9% of those still working think health will force them to retire.

Other than health, the two big reasons that prompted people to retire were qualifying for a pension (24%) and corporate downsizing (13%).

53% of retirees would rather be gifted with good health, versus 30% that ranked “No financial worries.” But the stats were reversed for those still working: 38% cited no money worries versus just 34% who cited good health.

Among retirees, 51% have changed their lifestyle to ensure they enjoyed a healthy retirement: of those who made changes, 80% cited a better diet, 69% exercise more and 64% book regular medical appointments. 

"We are seeing that pre-retirees have not planned for the possibility that health issues may force them to retire," said Lee Anne Davies, head, advanced retirement strategies, RBC, pictured left. "Prior to retirement, it's important to take the time to think about how changes in your health, or the health of  someone depending on you, could affect when and how you live in retirement."

The online poll of 1,272 Canadians was conducted by Ipsos Reid in October.

For more details, see here.

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Source The Wealthy Boomer : Retirement

The department-store company will stop matching contributions to its workers’ retirement plans on Jan. 31.

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