Tag Archives: US News and World Report

Sept 10: Best from the blogosphere

A look at the best of the Internet, from an SPP point of view

Retirement may be good for your health
While most of us focus on the financial side of retirement – the question of saving enough for the “golden years” and then making it last to the finish line – there is arguably an even more important factor to take into account. That factor is the relationship between retirement and good health.

A recent University of Sydney (Australia) study found that retirees “become more active, sleep better, and reduce their sitting time” once they have left the workplace behind.

The retirees followed were also less likely to smoke, the study found.

An earlier U.S. study found “the retirement effect on health is beneficial and significant,” reports CTV News. This study linked a reduction of stress (no more work) to a reduction in smoking, and more time for exercise.

The National Bureau of Economic Research found “positive long-run effects both in subjective well-being, or happiness, and in the objective health measures,” reports The Fiscal Times via Yahoo!

“Retirement is a good time in life that many people look forward to,” states Aspen Gorry, one of the study’s authors, in The Fiscal Times article.

Less stress, more time to take care of your health, better sleep – you can’t put a dollar value on that. So when planning for retirement, take into account the fact that getting out of the workforce may be the best thing you’ve ever done for your health.

Changing things up in retirement
An article in US News and World Report lists “10 Retirement Lifestyles Worth Trying.” And what are some of them?

Going back to school, the article notes, is so popular south of the border that “a growing number of colleges are building retirement communities on or near campus.”

Retirement also lets you stay at home, to “experience what the days feel like when you don’t have to hurry,” the article points out. Other ideas include volunteering, starting a second career, or enjoying the thrill of become a devoted frugality buff.

What you do with retirement is of course up to you. Having a good retirement savings plan is an important underpinning for those years of freedom. If you don’t have a plan at work or on your own, the Saskatchewan Pension Plan can help.

Written by Martin Biefer
Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. After a 35-year career as a reporter, editor and pension communicator, Martin is enjoying life as a freelance writer. He’s a mediocre golfer, hopeful darts player and beginner line dancer who enjoys classic rock and sports, especially football. He and his wife Laura live with their Sheltie, Duncan, and their cat, Toobins. You can follow him on Twitter – his handle is @AveryKerr22

 

Jul 30: Best from the blogosphere

A look at the best of the Internet, from an SPP point of view

No generation is winning at retirement savings: research
You might think that one segment of society – the young, perhaps, or the middle aged, or even the old – would be on top of things with retirement saving.

But research suggests that ALL generations are having a tough time with it. According to recent research from Franklin Templeton Investments Canada – reported by the Canadian Press — all generations “appear to be facing challenges saving for and financing their retirement.”

What are the challenges? The article says longevity – the fact that everyone is living longer – is a big one. Parents of Gen Xers, the article notes, are “living longer and spending more of their money on things like health and travel.” That means there will be less to leave to their kids, the article reports.

Interest rates are the second problem. “Canadians have increasingly large levels of debt which become harder to carry as interest rates rise,” the article quotes Franklin Templeton Canada’s Matthew Williams as saying. More expensive debt repayment means less money for saving, the article suggests.

Finally, many of us just aren’t saving. “A quarter of Canadian Gen Xers haven’t saved anything for retirement,” the article notes. Barriers to saving for them include low income, high living costs, student loans and mortgages, the article reports. But it’s not just Gen Xers who are having problems. A surprising 23 per cent of pre-retiree boomers have saved nothing for retirement, the article states, with that figure rising to 50 per cent among younger millennials.

It’s never too late to start saving for retirement, and no amount is too little. A great way to help fund your retirement is to sign up for the Saskatchewan Pension Plan. If you’re already a member, bump up your contributions a little bit each year. You’ll be happy you did when life after work arrives.

What’s best about being retired?
For most of us, it is almost impossible to visualize what life will be like once we have punched the timeclock for the very last time.

A great blog post by Dave Bernard for US News and World Report breaks it down, listing three chief changes retirees will notice.

First, the post notes, you will finally have time to exercise. Bernard writes that now he can control “when and how” he exercises, rather than having to sneak off to do it at lunch. A second point is the sudden unimportance of weekends – they are just another day when you aren’t working. And finally, he says his creative energy has never been higher. It’s not so bad living on the other side of the fence!

 

Written by Martin Biefer
Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. After a 35-year career as a reporter, editor and pension communicator, Martin is enjoying life as a freelance writer. He’s a mediocre golfer, hopeful darts player and beginner line dancer who enjoys classic rock and sports, especially football. He and his wife Laura live with their Sheltie, Duncan, and their cat, Toobins. You can follow him on Twitter – his handle is @AveryKerr22