postpone retirement

[Zephyr]

Originally Posted by Jason

It will depend on your age. I still think if you are younger than 50, have a stable job and a solid savings plan, you'll be able to retire comfortably.

Who has a stable job and solid pension plan? - Government employees. If you are in the private sector you have to work much more to retire comfortably. With the financial crises more Canadians realize that they have to save more to be able to retire at 65. Some of us will not be able to do that. In your 20s you have student loans, in your 30s you have mortgage, than in your 40s you have kids to sent to college and you can really start saving when you are in your 50s; and lets not forget that our taxes are very high.

[francisford]

I plan to retire at 50, but it seems I need to postpone that for five more years. Although I am ok financially, I still need to secure a few more things.