But working longer won't make much of a difference if they're paying off debt.
Those with the least saved are the most stoked about house price growth.
Cottages are hugely sentimental, and emotions often run high when heirs try to work out an ownership agreement amongst themselves.
The Liberal Government has stated they want to build a strong middle class, but who comprises the middle class? Mr. Morneau in his 2017 budget speech stated, "All Canadians must pay their fair share of taxes," but what is a "fair share"? Let's do the math and find out.
One in four Boomer parents say they financially support their adult children.
Canada's seven per cent national unemployment rate masks the very real fear older workers have about job loss in the years leading up to their retirement. It is true that many employers are developing progressive policies that cover how to accommodate an aging workforce.
With real estate prices soaring in the lower mainland of Vancouver, many Baby Boomers are now considering the opportunity to pocket the extra cash value in their homes, allowing them to move to a dream lifestyle-community, like Kelowna, Penticton or Vernon, years sooner than they had expected. The question is, "How much do I need for this plan to work?"
My first husband passed away suddenly at the age of 39 and in 60 seconds, I became a widow with a 12-and-a-half-year-old daughter. I never intended to remarry but time and divine intervention had other plans for me. I remarried. This brought with it a myriad of important things we needed to discuss and consider.
Now is a great time to re-visit your portfolio. Investing too conservatively could impact your ability to reach your long-term goals. In fact, you could actually be losing money once you factor in inflation, especially in today's low interest rate environment.
Routines that helped structure their days and that are now falling by the wayside can leave a considerable void. Those who have no plans other than getting more sleep or enjoying a favourite pastime (golf comes to mind) can find themselves unprepared for that extra amount of leisure.