100 Years and Counting!

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Do you know what the fastest growing age group in America is today? 100-year olds! Yes, you read that right. Centenarians! There are an estimated 72,000 centenarians in North America today and in less than 30 years that is projected to grow by 700% to over a half a million!

 

This has all kinds of implications for society but the one we want to focus on today is retirement. According to Statistics Canada, the average Canadian retires at age 62.100 years ago, the average worker “retired” in their mid-70s and only lived a few more years, essentially negating the need for any extensive retirement planning. People today need to start planning for retirements that will last 30 to 40 years or more. 

 

Planning for the financial aspect of retirement is critical but so much of the time the other aspects are overlooked and the $s and cents become the only focus. Enter Howard Pell. Howard is a local resident who recently retired and has written an excellent book entitled “Retire Fit, Fit & Fit”. His book shows people how to not only become financially fit but equally as important, physically and emotionally fit. Howard focuses on helping retirees find the “sweet spot” in the middle, where all 3 intersect so you can have a balanced and fulfilling retirement.  After all - it could more than 40 years long!

 

To help our clients plan for their retirements, we are hosting two retirement “workshops” with Howard on Tuesday, January 24th at 2:30 and 7 pm in the boardroom at Charcoal Steakhouse. We would love it if you would join us. This is your opportunity to do some hands-on retirement planning with Howard. He will walk us through “worksheets” on all 3 elements; financial, physical and emotional. It doesn’t matter if you are 20 years or 1 year from retirement, or already retired. This is your chance to start putting a plan in place on how you are going to enjoy the next 40 years of your life with all elements in balance. See more details in the Calendar of Events. We’ll see you there.

 

This article is solely the work of the author for the private information of clients. Although the author is a registered Investment Advisor at Canaccord Genuity Corp., this is not an official publication of Canaccord Genuity Corp. and the author is not a Canaccord Genuity Corp. analyst. The views (including any recommendations) expressed in this article are those of the author alone, and are not necessarily those of Canaccord Genuity Corp. The information contained in this article is drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaranteed, nor in providing it does the author or Canaccord Genuity Corp. assume any liability. This information is given as of the date appearing in this article, and neither the author nor Canaccord Genuity Corp. assume any obligation to update the information or advise on further developments relating to information provided herein. This article is intended for distribution in those jurisdictions where both the author and Canaccord Genuity Corp. are registered to do business in securities. Any distribution or dissemination of this article in any other jurisdictions is prohibited. The holdings of the author, Canaccord Genuity Corp., its affiliated companies and holdings of their respective directors, officers and employees and companies with which they are associated may, from time to time, include the securities mentioned in this article.