As older adults continue to live longer, healthier lives, reaching retirement age no longer means slowing down and trading in your coat and tie for a leisure suit. By 2030, the number of Canadian seniors will reach 9.5 million and make up 23 per cent of the population, according to Statistics Canada. With a growing number of seniors who are living much longer lives, retirement for the baby boomers, who are now reaching 65, will take planning.
Enter the Retirement Coach. You may have heard the term “Life Coach”; retirement coaching is a similar field and is not limited to finances but also assists seniors to develop a meaningful retirement plan. Successful aging requires both protecting health (physical and mental) as well as wealth. A plan to achieve this goal, to age as well as possible, requires some strategy.
Retirement coaches can help older adults approaching 65 plan how the next 20 years will roll out. Seniors today are remaining socially and politically engaged and with better medical care and attention to diet and fitness, older age is not what our grandparent’s generation experienced or expected.
Many seniors continue to work past retirement age and 36 per cent are involved in volunteer work. We can’t always predict how long our good health will last in old age, but by controlling what you can, such as diet, physical activity and purposeful living, less time and money can be spent treating largely preventable medical problems.
For a directory of retirement coaches in Canada visit: https://www.retirementoptions.com/Retirement_Coach_Directory.asp?Country=Canada.
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