[Newsbot]

Title: Two-thirds of Canadians want to work after retirement
Category: lifestyle
Posted By: wildrosegirl
Date: 2011-01-04 18:00:12
Canadian

[martin14]

$1:

However, the survey also found that 38 per cent of respondents think they will still be in the workforce because they won't be able to afford to stop working.

welcome to the future.


Still, I wish more of the boomers would stop working, and open up some slots for the young.

They need it more.

[Zipperfish]

If they still want to work, McDonalds is always hiring.

[BartSimpson]

$1:

Two-thirds of Canadians HAVE to work after retirement

Fixed it.

[Bodah]

My mother falls into the have to work category. Even if she didn't have to she's one of those people that would go crazy if she didn't.

My self on the other hand have 15 years left and can't fucking wait. Going to retire Proenneke style but not as hard core. So I wont need that much to live out my golden years.

I choose to work to live and not live to work.

[Bruce_the_vii]

People age, face retirement and can't believe it. They can't believe it's over. They all say they are going to work. Somewhat less actual do though. A poll like that actually hits a nerve, eh. Also health interrupts. Sad fact is after 50 your at risk health wise. In the best economies in the USA, Minneapolis, some 30% of people between 65 and 70 work. The last figures I saw was men were retiring at 62 on average and women at 63 in Canada.

[Bruce_the_vii]

martin14 martin14:

Still, I wish more of the boomers would stop working, and open up some slots for the young.

They need it more.

Well donating your entire job to a social cause is rather drastic. It's a very blunt instrument. The question is general as well, should people with money be working.

[Guy_Fawkes]

Between my pention and what I put into RRSPs every month I should be pretty good by the time I hit old age. The only problem I have is what do from 47 till I can collect CPP.

[wildrosegirl]

I'll be working til I'm 80.

[Thanos]

Fuck that noise. I'm ready to retire right now. I'm at the point where I want to get groceries delivered, give up my driving license, and never leave the house again.

[ttruscott]

Newsbot Newsbot:

Title: Two-thirds of Canadians want to work after retirement

Want??? ....or need??

[Freakinoldguy]

BartSimpson BartSimpson:

$1:

Two-thirds of Canadians HAVE to work after retirement

Fixed it.

Between the economic collapse and people like Bernie Madoff, a shitload of boomers are gonna have to work till they drop just to keep food on the table and a roof over their heads.

I was fortunate though, when I was making $54 every two weeks in the Navy, I had friends working in the oil patch who were making alot more money than that and laughing at me for my poor wages.

So like they say, he who laughs last laughs loudest and while they'll likely have to work till at least 65 I've been pretty much retired since I was 52 only working at jobs that interested me and definately not for the money.

It also doesn't hurt that I don't belong to that entitled generation, who, along with bitching about boomers still working, think that CPP and OAP was created for their specific benefit and having the big house, SUV, RV, boat and yearly holiday are their entitlement.

I have an modest house, a 10 year old car and 23 year old truck, no boat, no SUV and no trips every 6 months to someplace warm so I can relieve my "stress".

If more people learned to live within their means we likely wouldn't be having this conversation.

[wildrosegirl]

Freakinoldguy Freakinoldguy:

If more people learned to live within their means we likely wouldn't be having this conversation.

Amen.

(I'll still be working til I'm 80 though... )

[Unsound]

Thanos Thanos:

Fuck that noise. I'm ready to retire right now. I'm at the point where I want to get groceries delivered, give up my driving license, and never leave the house again.

I hear ya, I've already started practicing hiking my pants up to my chest, and started trying on sweater vests.

[BartSimpson]

Speaking for myself, I'd like to retire early so I can enjoy life. But now with the Europeans seizing people's retirement savings and even private pensions I'm frankly worried that if the Democrats get back into control of Congress they'll do the same thing. It would not surprise me if the Liberals or the NDP propose the same thing in Canada.

http://www.investors.com/NewsAndAnalysi ... nsions.htm

$1:

Social Security: Europe is trying to dig out of its budget hole by seizing private pensions. It's a last-ditch effort to preserve socialism at the expense of the very assets that would sustain its future growth.

In Hungary, Poland, Bulgaria, Ireland and France, big government, a demographic death spiral and weak tax revenues have left fiscal coffers in trouble. Unwilling to stand up to voters — or rioters — most governments have little taste for doing the right thing: cutting their budgets.

So, they're going after pensions to make up for shortfalls. Public and private pensions co-exist in European countries. In some cases, public ones resemble our own Social Security, stressing budgets.

But instead of privatizing pensions, as Chile did in 1980 — which would have turned these obligations into assets — three former stars of European emerging markets have come up with heavy-handed incentives to turn private savings public. It's a step backward.

In November, Hungary's parliament ordered its nationals to fork over $14 billion in private pensions to the state, effectively nullifying the country's 1997 pension reform. Anyone who balks loses his right to a public pension, but not his obligation to pay into it anyway.

Bulgaria's parliament named its price first — $300 million — and told workers to pay that from private savings or else. The Christian Science Monitor notes that had trade unions not protested it, the amount would have been five times larger. But they still lost.

Poland's parliament, in a move strongly opposed by the NSZZ Solidarnosc union, cut contributions to private accounts by a third, diverting that money to the public system at a cost of $2.3 billion a year.

France and Ireland were less heavy-handed, but also aimed to avoid austerity. Both siphoned public savings set aside for future years of pension payouts to the spending spigot. In Ireland's case, they spent money citizens contributed for retirements to bail out banks, while in France's case, to pay for underfunded current pensions.