Goodbye to Retiring at 65
The title “Goodbye to Retiring at 65” reflects the changing attitudes toward aging and work in today's society. People are living longer and healthier lives, leading many to rethink what retirement means.
The New Retirement Paradigm
Instead of leaving the workforce at a fixed age, many now choose flexible careers, part-time jobs, or passion projects well into their 70s. For some, this is about financial security; for others, it’s about finding continued purpose and fulfillment.
“Retirement isn’t just one milestone; it’s a personal journey.”
Saying goodbye to retiring at 65 represents a new era of freedom, fulfillment, and lifelong growth.
Changing Retirement Norms in Canada
Traditionally, retirement was a uniform phase of life. However, Canadians are now redefining the rules on when to retire, making the retirement age more flexible. Some opt for early retirement to enjoy leisure time, while others work longer to stay active or increase income.
“The chatter among politicians that the OAS and CPP need changes might argue that the norm could shift closer to 67, but nothing is yet concrete.”
Retirement today is about personal choice—whether at 60, 65, or 70—based on individual needs and lifestyles.
OAS and CPP Reform Discussions
Recent conversations focus on potential reforms to Canada’s retirement system, especially regarding adjustments to benefits from the Old Age Security (OAS) and the Canada Pension Plan (CPP).
Author’s summary: The concept of retiring at 65 is evolving, with Canadians increasingly choosing flexible retirement ages based on personal goals and ongoing policy discussions around OAS and CPP reforms.