Retirement realities lag expectations, poll suggests – Business – CBC News

SOUTH BEACH, MIAMI BEACH, IS ONE OF THE MANY R...

Retirement is not all it’s cracked up to be, a new poll from RBC suggests.

Rather than volunteering, travelling and fleeing to Florida or Arizona for the winter, retirees are staying home, studying their finances and focusing on their health.

“Many expectations that Canadians have about retirement turn out very differently in reality,” said Jason Round, senior manager in the bank’s financial planning division.

The RBC poll compared with what retirees said they do with what pre-retirees said they planned to do. According to the bank, “retired Canadians are living lifestyles that are worlds apart from how nearly retired Canadians think they’ll be spending their retirement years.”

Some of the key differences:

  • More than half 56 per cent of pre-retirees said they’d volunteer, but only 38 per cent of retirees do.
  • Nearly three-quarters 74 per cent of pre-retirees said they’d travel, but only 58 per cent of retirees actually do.
  • Three out of 10 pre-retirees said they’d become a snowbird, but only 14 per cent of retirees do.

via Retirement realities lag expectations, poll suggests – Business – CBC News.

Strange Random Retirement Quote:

When you retire, you switch bosses – from the one who hired you to the one who married you.  – Gene Perret

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Posted on December 14, 2011, in Article and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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