TD Wealth released a survey in January 2018, which found that 47 percent of respondents were planning to retire solo. This is a fascinating statistic and one that is driven home by feedback we receive at many of our seminars. It is not surprising that with historical high divorce rates, Statistics Canada data showing all time high levels of individuals living solo and peope living in non traditional living arrangements to reduce housing costs, that people are heading into retirement with a focus on being alone. Continue reading “Retiring Solo Are You Ready?”
The Contessa likes to jab me about not being able to connect with children in general but especially at birthday parties and as usual she’s right. Continue reading “101 Awesome Things #9-Learn To Make Balloon Animals”
I just got back from my annual fishing trip to the George and it was the best trip ever. The fishing was fantastic, the weather better than normal and I’ve truly fallen in love with the place. It’s become my fortress of solitude, my get alone and think place, but it wasn’t always that way. I smile every time I think about my first visit there, three years ago. Continue reading “Unplugged On The George (Part 1 of 2)”
This week’s blog will be a little shorter, it is the summer so this will allow you to have a quick read then get out and enjoy the warm weather, after all Labour Day is just around the corner.
When I was working full time, the company’s fiscal year end was October 31, so the fall was a time to review achievements and plan for the new fiscal year, I still take this attitude into my personal life. As many of you finish enjoying the summer it is a good time to review your life style and financial plans and take time to think about life after your first career. Continue reading “MORE GOOD NEWS ANYTHING IS POSSIBLE”
I believe most people would agree with the above statement so why is it that 46% of Canadians do not have a financial plan? It just doesn’t make sense to me. Everyone is concerned about their futures yet why are so many willing to blindly go along and hope things turn out for the best. All I can say is good luck with that! Continue reading ““The Better The Plan The Better The Outcome””
Suggested Reading Prior To Commencing Your Victory Lap Retirement
A question that frequently comes up at our seminars is what books we would recommend people read to help prepare themselves for a successful VL. I think this happens because many of our talks are held at libraries and people there are accustomed to doing their own research. There are a lot of good books out there, including Victory Lap Retirement, but the following four will do the job getting you both mentally and financially prepared to launch your own VL. Continue reading ” 4 Books”
It’s Never Too Late
Many people have heard the story about Grandma Moses who started painting when she was seventy-five years old and still managed to have a twenty-six-year career. Stories like hers seem so distant, so outside the realm of possibility, that it is hard to relate to. That is why I love the following story which was provided to me by our publicist Debby, below is her personal account of how her husband followed his passion and created a dream Victory Lap. A story like this is close to home so it takes on a whole new meaning. Enjoy! Continue reading “Victory Lap Lifestyle Profile #3”
“It’s my life
It’s now or never
I ain’t gonna live forever
I just want to live while I’m alive”
-It’s My Life by Bon Jovi (fellow boomer)
I’m thinking about using the above song as our Victory Lap Retirement (VLR) rallying cry, it’s simple, gets the point across and who doesn’t like Bon Jovi? Please note the absence of the word “retirement” in the lyrics. The song reminds us that now, not tomorrow, is the time to take back control of our life and start living the way that we always wanted to but going through “The Big Dip” never had the time or chance. Continue reading “Victory Lap Retirement: Live Your Best Life Now!”
This question comes up at many presentations I make on Victory Lap Retirement. A strong social network is key to our happiness and longevity. Friendships enrich our lives we should always look to build our social network and build relationships with people we care about.
The challenge for all of us is that we are so busy working and nurturing our family, we can sometimes underinvest in our friendships. Our relationships with friends can also suffer when we are stressed out and in some cases pull back from friends, after all who wants to be a “downer” to our friends Continue reading “Victory Lap Question – When You Retire Where Do All Your Friends Go?”
Today’s article is the first in a series written by Simon Chan who started his own VLR earlier this year after working for 20 years in the financial services industry. He has a broad base of experience with the subjects of pre-retirement and financial independence having worked in multiple businesses such as banking, wealth management, insurance and group retirement benefits. Most recently Simon was the head of business strategy for the Canadian Retail Business for a global insurer. In his role, he became interested in how technology, globalization and the rapidly changing environment is impacting the lives of millennials. In short Simon knows his stuff, is a great guy and wants to help.
I believe it’s important that we understand the new challenges that will be faced by our kids and grandkids in the years ahead. It won’t be easy but we can succeed if we all work together. -Mike Continue reading “Learn to Play The Long Game”