How this 65-year-old created a routine to keep busy in retirement. Plus, why planning how to spend your time in retirement is as important as saving for it

“I retired in February, 2018, just shy of my 60th birthday,” says Nadine Brown, 65, of Ajax, Ont., in this Tales from the Golden Age article. “The last decade of my career was spent working in project management in the banking industry. I was commuting three hours a day, and one day, I said to my husband, ‘I will be 60 in one month. I’ve worked for 40 years. I think I’ve had enough.’ I retired a few weeks later.

Are you a Canadian retiree interested in discussing what life is like now that you’ve stopped working? The Globe is looking for people to participate in its Tales from the Golden Age feature, which examines the personal and financial realities of retirement.

The question they have the most difficulty with, Tom writes, is which pension survivor option he should take since he has the larger pension: a two-third survivor benefit or the joint lifetime benefit?, Ian Black, a fee-only financial planner at Macdonald, Shymko & Company Ltd. of Vancouver, looks at Tom and Liza’s situation. Mr. Black holds the advanced registered financial planner and trust and estate practitioner designations.

Most of us spend 30-plus years working 40 or more hours a week. Work accounts for 50 per cent of our waking hours – it is our intellectual stimulation, a large element of our social network and a huge factor in our sense of purpose. Unfortunately, tax revenues are not keeping pace with the rising cost of OAS. This results in growing government deficits, for which Conservative Leader Pierre Poilievre blames inflation. It also pressures governments to limit other investments, as signalled by Ottawa’s plan to cut $15-billion from annual spending. To address these fiscal challenges, Ottawa should review outdated tax shelters for retirees that drain billions in revenue and could otherwise help cover rising OAS costs.

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