It’s no secret that adults are living longer and are able to stay in the workforce longer as a result. While this has some positive and negative effects, the reality is that, as you near retirement age, you may be wondering what the best course of action will be. Do you stick with your original retirement plan, or do you continue working?

According to, Canadians who stay in the workforce beyond retirement age may actually be doing themselves a favour. Aside from having more money saved towards the day when you do choose to retire, older adults who remain in their field often experience reduced illness and a delay in age-related declines, and they have more personal satisfaction. So, where does this fit in with your own retirement planning?

Statistics Canada states that, as of 2015, persons aged 65 years and older outnumber children 0 to 14 years. There are several implications for this estimate, including that the labour force will continue to change rapidly over the next several decades. As younger Canadians join the workforce and older Canadians remain working longer, there will be increased job competition and the development of new methods for retirement planning for those who do not stick to the typical retiring age.

At BlueRock Wealth Management, we know that having a plan in place is one of the most important steps you can take. It’s never too early to start planning and saving for retirement! However, if you are among the growing number of adults who may prefer to work beyond the age of retirement, you may want to take a look at your retirement plans and make adjustments. We are committed to providing you with long-term solutions at any stage in your financial planning.  If you have questions about retirement planning or would like to address your plans to continue working, contact us today to discuss your needs.

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