A look at the best of the Internet, from an SPP point of view
1,000 boomers a day are turning 65 and gearing up for retirement
The crowd of people punching the clock at work for the last time is growing, writes Jim Yih, author of the Retire Happy blog. He notes that 7 million Canucks will be retiring in the next decade.
“We hear too many doom and gloom scenarios about what retirement holds from so many sources,” writes Yih. Instead, he offers some key retirement readiness tips from those who are already over the wall.
First, he says your health and fitness should be a priority. “Your health is the basement you build on, so it needs to be as solid as possible,” he advises.
Next, be prepared for retirement, he writes. Know your sources of income, be prepared for relationship and psychological impacts of not working, think about working part time and generally “educate yourself to avoid retirement shock,” Yih advises.
Where possible, Yih states, you should avoid retiring with debt. That’s not easy, he writes, given that about 59 per cent of us are indeed in debt at retirement age. But debt in retirement can be a black hole that can lead to “a downward spiral” in income, he warns.
His last advice is about retirement savings – “start saving earlier, and save more,” he writes.
It’s a great blog to check out.
If you are thinking about retirement savings, another great resource is the Saskatchewan Pension Plan. Visit their site and find out how you too can make retirement savings easy and automatic.
Blog focuses on the ins and outs of investing
One of our Save With SPP readers suggested we take a look at the Stocktrades blog — and we thank our reader for the suggestion.
Investing is not for the faint of heart. The blog helps do-it-yourself investors through the often complicated maze of terms and tactics. There’s a lot of helpful information on this blog and if you are into picking your own stocks, bonds, ETFs and the like, this will be a helpful resource.
It’s certainly worth reading, so we again thank our reader for the tip.
|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|