Hoping for a happy, successful retirement? Sure you are. What will this long-awaited period of your life look like?
Maybe you dream of living in a lakeside property or taking road trips in a convertible. Or maybe you just wonder how you’ll fill those long, work-free days.
How to live your best life after retirement?
Turns out that life in retirement can be pretty good – if you’ve prepared for it. That’s what over 2,000 retired Canadians told us when we asked. The vast majority of retirees surveyed said they feel positive about their life in retirement. A majority said their emotional health has improved since leaving work. They describe retirement as more fun than their working life was.
Whatever your retirement dreams, start by these top tips from those who know.
10. Don’t retire until your debts are paid
9. Become financially literate
8. Plan how you’ll spend your time
7. Take full advantage of your employee pension plan
6. Have a financial plan
5. Find new hobbies to keep busy
4. Write a will
3. Live within your means
2. Start saving and investing early
1. Take care of your health
*From the 2016 Sun Life Financial Retirement Now Report.
Who can you talk to about retirement planning?
Do you want to put some of these tips into action? A Sun Life Financial advisor can help you prepare for your retirement.
Most advisors now offer to meet Clients virtually by video chat. Find an advisor.
This article is meant to only provide general information. Sun Life Assurance Company of Canada does not provide legal, accounting, taxation, or other professional advice. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.