10.1.4 Your retirement age

From: Financial Consumer Agency of Canada

Deciding when to retire is a big question, and it is determined by many factors, including:

  • how much you enjoy working and how long you plan to continue
  • your health
  • your retirement goals
  • your current financial obligations and living expenses
  • how much you will receive from public and private pension plans
  • how much you have saved in addition to your pension income.

Age of retirement pros and cons

List the pros and cons for you of retiring at different ages to determine the best age for your circumstances.
Early retirement
Pros Cons
Late retirement
Pros Cons
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