Traditionalist — Born Before 1945 Traditionalists, or Maturists, are now well
past the normal retirement age.
«All the people I know who don't have a pension and are healthy are working
past the normal retirement age, some more happily than others,» VanGorder says.
Yet, a teacher
past normal retirement who wishes to stay may be more effective in the classroom than one who drudges on waiting to hit normal retirement.
Proof of projected retirement income is also a requirement for applicants 57 and over, if they require the mortgage to continue
past normal retirement age.
The solution for many will be to keep working, so it is no surprise that 26 per cent of Canadians believe they will have to work
past normal retirement age to make enough money to live.
Not exact matches
Me, I earn a
normal living by working very hard indeed — and I'm well
past retirement age.
Under current rules, which remain in effect until 2011, starting CPP at the earliest age of 60 entails a 30 - per - cent reduction in monthly payments but «you would have to live well
past 75 in order to receive more from the plan than by waiting until the
normal retirement age of 65,» writes tax and estate lawyer Christine Van Cauwenberghe in her book, Wealth Planning Strategies for Canadians 2010.
People are working longer and longer, delaying their
retirement past the
normal age of 65.