Finances & Money

Retirement, Canadian Style: Enjoying Your Golden Years in Comfort

man-772718_640People look forward to their retirement years with great anticipation, as a time when they can enjoy events with family and engage in hobbies or other activities that they had to put off during their working years. Preparing for retirement can take some thought and research to ensure that you are able to enjoy in comfort and security. Canadians are fortunate in having a variety of services for retirees and many options to make retirement interesting and engaging.

Retirement Activities

During retirement, it becomes even more important to keep your body and mind active. Fortunately, residents of Calgary have a wide range of activities to choose from, including outdoor pursuits, museums, art galleries, casinos, shopping venues, gyms, theaters, concerts and others. Here are just a few of the most popular activities in Calgary:

  • Prince’s Island Park, Heritage Park and Fish Creek Provincial Park
  • Biking and hiking on the Calgary Pathway System
  • The Glenbow Museum, Aero Space Museum and Military Museum
  • EPCOR Centre for the Performing Arts
  • The Chinook Centre and the CORE for shopping
  • For sports activities, the Talisman Centre, the Genesis Centre and the Southland Leisure Centre
  • Calgary’s waterways offer a variety of water sports, from beaches to kayaking on the river

Managing Your Money

Depending on your resources retirement can also be a time of careful management of finances. Hopefully, you have instituted a savings plan for your retirement over the years that will help to cover all necessary expenses after you have stopped working. Canada offers a number of programs that help older people, and living near a large urban center, such as Calgary, also provides opportunities to supplement your income. Retirees can also take advantage of a number of discounts for seniors that are available, to make money go further.

Downsizing Your Housing

One smart way to make financial resources go further during the retirement years is by downsizing your housing needs. Many retirees find that they no longer need the large family home, which may have a large mortgage and may require expensive maintenance. Downsizing to smaller quarters has a number of advantages, including lower energy costs, fewer maintenance costs and freeing up leisure time. A number of new homes in Calgary are available, many of which are condominiums that offer lower costs and easier maintenance that retirees desire.

Managing Your Health

Staying healthy is another way to help preserve your money for retirement. Calgary has a vast system of health clinics and hospitals to ensure that you can maintain a high level of health and activity in your retirement years. The Canadian healthcare system offers skilled personnel and high-tech equipment that allows citizens to enjoy some of the best health outcomes in the world.

Supplementing Your Income

Many retirees find it necessary to continue working in their retirement, if only on a part-time basis. You can use the skills you have learned over a lifetime to bring in additional funds to use for travel, entertainment or other costs.

Retirement can be a rewarding time of life for many people, but you should be prepared to make adjustments to ensure that all your needs are met.

Robert McAllister has enjoyed a long career and has hands-on experience with financial planning. He likes to share is thoughts with an online audience and writes for a number of relevant websites.

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