The new retirement? Working in your 60s

Posted: August 21, 2012 at 6:16 pm


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By Madhavi Acharya-Tom Yew | 2012/08/20 17:00:00

Dan Slovitt spent more than four decades working his way up the ranks at The Canadian Press. Retirement beckoned but he was still thirsty.

When youre in a business for 40-some years, you dont just turn the tap off. You have a lot of connections and interests and you want to see those things prosper, Slovitt said.

So, at 58, Slovitt began scaling back to part-time work at the national news agency. He also used his extensive network to get consulting work from other employers. That was almost five years ago, and Slovitt hasnt looked back.

Could I survive without working? Yes. I do it because I want to, the 62-year-old said.

I have time to do some work that I find fulfilling and I have time to do personal things. I can be with my grandchildren and support my wifes activities. It has worked out very well.

More Canadians are leaning toward a retirement plan that doesnt much resemble traditional notions of the Golden Years, a new survey shows.

More than half of Canadians now in their 50s plan to keep working after retiring in their 60s, according to the national online survey, conducted last month for Canadian Imperial Bank of Commerce by Leger Marketing.

Two-thirds say its a way to way to stay socially active, and that they find their work enjoyable and want to remain the workforce to some degree.

But one-third say they would work just for the money.

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The new retirement? Working in your 60s

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