According to a new retirement lifestyle survey in Australia, the ongoing volatility within financial markets has prompted a massive increased awareness toward retirement savings by Australian baby boomers. More than three out of four Aussie baby boomers are beefing up their savings strategy as a result of the turmoil, according to a Commonwealth Bank survey.
The majority of changes included making bigger or additional contributions to their retirement savings plan, while about a third said they were investing more in other investments outside retirement plans such as shares or property.
Interestingly, the Retirement Lifestyle survey found almost 40 per cent of those surveyed considered being retired an opportunity to pursue retirement jobs as a new career or learn new skills.
"This trend suggests that many people see retirement as a series of transitions where some form of work or community service can continue into the retirement years," Commonwealth Financial Planning general manager Tim Gunnin said.
The best signs of whether Australians will find retirement living easy, however, is found in two other research studies on retirement. The studies found that people with the most happiness in retirement were those:
Twenty percent of women found retirement quite different from what they imagined, versus 15 percent of the men. How to enjoy your retirement, apparently, is not the easiest thing in the world.
A quarter of Canadian retirees aged 55 to 70 found it hard to adjust to a life no longer defined by their work. Financial constraints meant they could not do all the things they used to do for 22 percent of those surveyed. Interestingly, two-thirds of Canadians retire before the full Canada Pension Plan/Quebec Pension Plan benefit age of 65, often times involuntarily.
The retirees in the survey were asked what retirement advice they would give to those contemplating retirement. These were the five most popular answers for ways that retirees can experience the joy of not working:
Retirees taking part in the TD Waterhouse survey were also asked what they found most enjoyable about retirement. The three magical ingredients of a happy retirement for Canadians — which should not come as a surprise to the intelligent people of this world — were: 1. Simple pleasures, 2. Simple pleasures, and 3. Simple pleasures.
Here is a list of top-ten retirement quotes to help people retire happy, wild, and free after they submit their retirement letters and present their retirement dinner speeches:
Note: The above retirement quotations are adapted from:
and
Download the Free E-book The 237 Best Things Ever Said about Retirement at:
The majority of changes included making bigger or additional contributions to their retirement savings plan, while about a third said they were investing more in other investments outside retirement plans such as shares or property.
Interestingly, the Retirement Lifestyle survey found almost 40 per cent of those surveyed considered being retired an opportunity to pursue retirement jobs as a new career or learn new skills.
"This trend suggests that many people see retirement as a series of transitions where some form of work or community service can continue into the retirement years," Commonwealth Financial Planning general manager Tim Gunnin said.
The best signs of whether Australians will find retirement living easy, however, is found in two other research studies on retirement. The studies found that people with the most happiness in retirement were those:
- Who had the ability to cope financially before retirement.
- Who were satisfied with life as a whole prior to retirement.
- Who retired at the time preferred.
Twenty percent of women found retirement quite different from what they imagined, versus 15 percent of the men. How to enjoy your retirement, apparently, is not the easiest thing in the world.
A quarter of Canadian retirees aged 55 to 70 found it hard to adjust to a life no longer defined by their work. Financial constraints meant they could not do all the things they used to do for 22 percent of those surveyed. Interestingly, two-thirds of Canadians retire before the full Canada Pension Plan/Quebec Pension Plan benefit age of 65, often times involuntarily.
The retirees in the survey were asked what retirement advice they would give to those contemplating retirement. These were the five most popular answers for ways that retirees can experience the joy of not working:
- Workers should develop a full life outside of work instead of waiting to do so at retirement.
- Workers should take care of their physical and mental health.
- Workers should save for retirement as early as possible.
- People should pay off all debt before retiring.
- Above all, individuals, if they want to experience real success at retirement, should take time to prepare for and understand what they want from retirement.
Retirees taking part in the TD Waterhouse survey were also asked what they found most enjoyable about retirement. The three magical ingredients of a happy retirement for Canadians — which should not come as a surprise to the intelligent people of this world — were: 1. Simple pleasures, 2. Simple pleasures, and 3. Simple pleasures.
Here is a list of top-ten retirement quotes to help people retire happy, wild, and free after they submit their retirement letters and present their retirement dinner speeches:
- #1 of Top-Five Positive Retirement Quotes and Sayings
Retire from work, but not from life.
— M. K. Soni
- #2 of Top-Five Positive Retirement Quotes and Sayings
The key to retirement is to find joy in the little things.
— Susan Miller
- #3 of Top-Five Positive Retirement Quotes and Sayings
Retirement itself is the best gift. No gold watch could ever top it.
— Abigail Charleson
- #4 of Top-Five Positive Retirement Quotes and Sayings
Yes, I am thoroughly enjoying retirement! The best part is observing my neighbors drive off to work in the morning knowing that that their day will be filled with jerks, brainless and endless meetings, jerks, vendor lunches where you hold your breath just waiting for the sales pitch until you regurgitate your pasta, more jerks and the eventual company reorganization of the section that was just reorganized last month!
— Bill Kalmar
- #5 of Top-Five Positive Retirement Quotes and Sayings
Retirement is wonderful. It's doing nothing without worrying about getting caught at it.
— Gene Perret
Note: The above retirement quotations are adapted from:
- The Retirement Sayings Café Blog by Author Ernie J. Zelinski
and
Download the Free E-book The 237 Best Things Ever Said about Retirement at:
- The Retirement Gifts Café
