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   When should I retire?

   • Deciding when to retire is a personal question that depends on your health, life expectancy, financial needs, and individual circumstances. Different benefits and retirement plans have key dates tied to your age, such as Social Security benefits and required minimum distributions.

   When To Retire: Pros and Cons of Different Ages - Investopedia

   www.investopedia.com/retirement/when-should-i-retire-pros-and-cons-different-ages/

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   Should you define retirement age?

   • Ultimately, when you decide to retire is a personal choice but perhaps redefining “retirement age” is a good place to start. Retirement looks different than it did even just a generation ago. As people are living longer, generally healthier lives, some tend to work longer and retire later during their twilight years.

   How do you know when it's time to retire? - Canada Life

   www.canadalife.com/investing-saving/retirement/preparing-for-retirement/how-do-you-know-when-its-time-to-retire.html

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   How old do you have to be to retire?

   • The required age is now 73 years old. By the time employees reach their 50s and early 60s, they're often thinking of retirement. According to research published by Boston College, men retire at an average age of 64.7 years, while women remain at work until age 62.1.

   When To Retire: Pros and Cons of Different Ages - Investopedia

   www.investopedia.com/retirement/when-should-i-retire-pros-and-cons-different-ages/

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   When should a retiree start a retirement plan?

   • Some retirees might consider income planning opportunities related to government benefits. The Canada Pension Plan (CPP) retirement pension can begin as early as age 60. Old Age Security (OAS) can start any time after age 65.

   What time of year should you retire? - MoneySense

   www.moneysense.ca/columns/ask-a-planner/what-time-of-year-should-you-retire/

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   What is the average retirement age?

   • The average retirement age in the U.S. is 61, according to Gallup. It has increased over the past three decades, from 57 in 1991. Many older people can't wait for the day when they finally call it quits on their careers and retire.

   When To Retire: Pros and Cons of Different Ages - Investopedia

   www.investopedia.com/retirement/when-should-i-retire-pros-and-cons-different-ages/

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   Should you retire before 65?

   • For some, it’s the other side of the retirement age coin that means the most to them. If you plan to retire before age 65, you’ll need to assess where your finances stand in terms of savings, investments, retirement funds, etc. By retiring before 65, you will have to prepare to live without an income for longer.

   How do you know when it's time to retire? - Canada Life

   www.canadalife.com/investing-saving/retirement/preparing-for-retirement/how-do-you-know-when-its-time-to-retire.html

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2. www.canadalife.com › investing-saving › retirementHow do you know when it's time to retire? - Canada Life

   www.canadalife.com › investing-saving › retirement

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   Jan 2, 2024 · If you’re working toward retiring at a specific age or time, by taking stock and discussing your situation with an advisor, you can get a solid grasp of the distance between where you are financially now, and where you’d like to be when it’s time to retire, and most importantly, what you need to do to get there.

3. www.moneysense.ca › save › retirementWhat’s the average monthly retirement income in Canada?

   www.moneysense.ca › save › retirement

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   Nov 29, 2023 · According to Statistics Canada’s June 2023 Labour Force Survey, about 55% of people who are planning to retire (but haven’t completely retired yet) report that they would continue to work...

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5. www.investopedia.com › retirement › when-should-iWhen To Retire: Pros and Cons of Different Ages - Investopedia

   www.investopedia.com › retirement › when-should-i

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   May 16, 2024 · When Is the Right Time To Retire? Deciding when to retire is a personal question that depends on your health, life expectancy, financial needs, and individual circumstances. Different benefits...

6. www.savvynewcanadians.com › money-needed-in-retirementHow Much Money Do You Need To Retire in Canada in 2024?

   www.savvynewcanadians.com › money-needed-in-retirement

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   Jan 17, 2022 · How To Estimate Your Retirement Income Needs in Canada. The income available to you during your retirement years (distribution phase) will depend largely on how much you were able to set aside during your working years (accumulation phase), plus other available government and employment benefits.

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7. www.fool.ca › investing › how-much-do-you-need-toHow Much Do You Need to Retire in Canada? - The Motley Fool ...

   www.fool.ca › investing › how-much-do-you-need-to

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   Oct 2, 2023 · According to this rule, you’ll need 70% of your pre-retirement household income each year in retirement for 25 years. For example, if your household brings in $150,000 in the year before you ...

8. www.moneysense.ca › columns › ask-a-plannerWhat time of year should you retire? - MoneySense

   www.moneysense.ca › columns › ask-a-planner

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   Sep 6, 2022 · The Canada Pension Plan (CPP) retirement pension can begin as early as age 60. Old Age Security (OAS) can start any time after age 65.

9. www.fidelity.ca › what-is-the-ideal-age-to-retireWhat is the ideal age to retire? - fidelity.ca

   www.fidelity.ca › what-is-the-ideal-age-to-retire

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   What is the ideal age to retire? Identifying when you want to retire can bring clarity to your retirement planning by helping you figure out how much to save and knowing the optimal time to access retirement benefits, such as the Canada Pension Plan (CPP).