1. What to know about Retirement…now!

2. How to Retire by Age 30
"This was achieved not through luck or amazing skill”
2 $67,000 salaries
Saved 65% of earnings
Investments, 2 rental properties
Live on $25,0

3. Mr. Money Mustache’s Tips
 Save Half of Your ‘Take Home’ Pay
Forget the big, fancy car
Don’t finance a car, ever
When you have money, downsize
Do your own home improvements
“Trim the fat” from your day to day (gym memberships, coffees, etc)

4. Retirement in Canada People are working longer than they ever have
What do you think the average retirement age is?

5. Retirement in Canada Average retirement age is 65 for men and women
Old Age Security benefit can begin at 65 (was 67 under the Conservative government)
In Australia, the retirement age is 70

6. Roger
retirement-age-rising

7. Retirement in Canada
Moving to cheaper parts of Canada or warmer countries where their $ stretches
Many not ready
Living longer, haven’t properly saved for retirement
Downsizing homes
Townhomes/condos, easier space to manage
Companies are adjusting
Instead of a big party and goodbye, they’re introducing “phased retirements”
Retirement doesn’t always mean not working
Really they’re working P/T, cutting back hours or consulting – or starting a new business

8. The Big 4
What do you think they are?

9. The Big 4
Finances
Health
Social
Emotional

10. 1. Finances
Savings from RRSP’s (Registered Retirement Savings Plan), Pensions, Investments
Only 1/3 of work places offer pensions
More tomorrow from BMO
Most people need about 70% of your yearly income for X amount of years during retirement, to enjoy a lifestyle you’re used to
Less if your mortgage is paid off and you downsize, and no children to support (50%)

11. 2. Health How will you stay healthy and active? Start now!
A healthy retirement is more enjoyable, less expensive, better for your mental health

12. 3. Social
How will you stay connected to people without co workers around?
What activities will you take part in?
Volunteering?

13. 4. Emotional Are you prepared to lose a piece of your identity?
Are you ready to adjust to a different lifestyle?
Supports in place?
Do you have a plan for how you will spend your days?
Depression, anxiety can creep up at this time

14. Big Decisions
What do you think?

15. Big Decisions
Move or stay?
To travel?
New hobbies or existing ones?

16. But…who knows?
What will retirement look like when you retire around 2065?