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Rethinking retirement

It's official: the no-work, all-play concept of retirement is on the verge of extinction. According to Desjardins Financial security's latest retirement study, many baby boomers' golden years will probably include part- or full-time work, consulting or entrepreneurship.

The study, Rethink Retirement: 2007 Survey of Canadians' Preparedness for Life After Work, shows many Canadians are currently redefining many of their life Stages as they live longer and healthier lives. Half of those aged 40 and older are planning a gradual retirement. University-educated workers are more likely to envision doing some work past age 65.

The study also shows many Canadians are not prepared for the challenges ...

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