Phased Retirement

One day you’re working… the next you’re not—a terrifying prospect for many people approaching retirement age. The loss of a social connection and daily routine can be overwhelming, not to mention the havoc it can wreak on one’s identity and sense of purpose.

In the next five years, 39% of Canada’s eight million baby boomers will start preparing for life after retirement. What will they do? Where will they go? Karen Schellinck, President and CEO of Myera, a global provider of retirement transitional programs, claims that 67% of those retirees are choosing to not the leave the workforce at all. Instead, they are gradually easing into their retirement by working part-time in order to balance their new lifestyle wants with the desire to keep themselves engaged, continue learning, or generate more income. To be more precise, the upcoming working retirees want to work on their own terms.

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Susan Stibbe