Retirement, like life, is not one-dimensional. Overwhelmingly, participants in the 2020 study identified four areas that, working together, impact the quality of life in retirement: health, family, purpose and finances. Dubbed the Four Pillars, what happens in one affects the others. Achieving your ideal retirement requires thought and action about each of these pillars.
“The Four Pillars of the New Retirement” study from Age Wave and Edward Jones surveyed 9,000 adults in Canada and the U.S. across five generations. Here are some key Canadian takeaways: