Go West Older Men and Women - The Geography of Retiring Baby Boomers

May 15, 2007

 

   

(Vancouver) -- BC’s climate, lifestyle and recreation properties are attracting increasing numbers of baby boomers – the generation born between 1946 and 1965 – from across Canada, says the BC chapter of Retirement Planners Association of Canada (RPAC – BC).

BC’s recreational opportunities, property values, healthcare services and a growing peer group with whom to socialize are resulting in growing pockets of retired seniors in the Okanagan, Southern Interior, Vancouver Island and parts of the Kootenays, says RPAC – BC President Dr. Terry Colton.

“Baby boomers represent one third of the Canada’s population and control almost half of the country’s wealth”, says Colton, “and their search for a little bit of retirement heaven is focused on BC.”

Retiring baby boomers are snapping up recreational property in and around communities such as Comox, Penticton, Kelowna, Vernon, Cranbrook, Invermere, and Fernie says Colton, a Vancouver based Professional Retirement Planner and Social Psychologist.

“Retirement is about much more than bank accounts, seniors today have busier retirements; they exercise more, eat well, worry less, travel more and want to retire to a country place where they can maintain an active lifestyle year round. This means more than a nice view. It means being close to services, a hospital and friends.”

Colton says retiring baby boomers should ask themselves the following questions when considering a retirement location:

  • Is the location close to relatives and friends? If so is that the only reason you’re moving to the area?
  • How close are doctors, hospitals, dentists, pharmacies and other services?
  • What plans do you have to integrate into your new community?
  • As skyrocketing travel and insurance costs might mean you’re less likely to live outside Canada, is the location a year round residence?
  • What’s the resale value of the intended property and how saleable is it if you want to move or your partner dies?
  • Consider how you will handle stairs and hills later in life?

According to Stats Canada by 2056 one in every four people in Canada will be a senior.

RPAC – BC is the BC chapter of a National network of retirement planning professionals that provides individuals and professionals with networking and information opportunities, education and development as well as a national registry program that sets standards and provides national recognition in their field. For more information visit www.retirementplanners-bc.ca or the National RPAC website at www.retirementplanners.ca.

More Information:
Peter Walton
Pacific PR Strategies
604.697.0701
peter@pacificprstrategies.com
www.pacificprstrategies.com

 

 


 
Transition to Retirement:
The Uncharted Course

How to prepare yourself for retirement with confidence
and to chart your course into the future.
For today’s retirees by today’s retirees.

By:
Enise Olding, PRP and Carol Baird-Krul
Both CAPP members

Publisher:
Pacific Edge Publishing Ltd.

ISBN:
1-894948-05-X

Price:
$12.95 + GST

Available:
October/November 2006 direct from Pacific Edge Publishing Ltd.
www.pacificedgepublishing.com 1-800-668-8806


Summary:

This book is the missing link in the retirement planning puzzle

Transition to Retirement: The Uncharted Course reveals what there is to learn about that crucial transitional phase from when you leave your job to when you feel significantly engaged in the life of retirement.   It’s not about finances or lifestyle, it is about YOU – the person behind the work title, name-tag or job description and how to discover who you are or will be outside of your job.

While acknowledging that we’ve all been through phases of transition in our lives, and we have many personal coping skills, the authors point out that this time there is an added extra: age.   Calling upon their own retirement experiences Enise and Carol combined these with extensive research and development to help others become aware of some of the challenges that occur early on in retirement.  This book is based on the popular workshop of the same name, one in their series of retirement planning workshops.

For various reasons not everyone wants to go to a workshop on retirement preparation: no time, not old enough, can’t admit to retirement, only want to know about finances, don’t want to think about it and so on.  But requests from those wanting to know about the transitional phase grew and as a result the workshop was turned into a book. 

Along with explanations and information, questions and comments pertaining to each phase of the transition are posed to the reader throughout the book, and the tools with which to find answers are provided.

Comment:

Not so big that it would be daunting for anyone reluctant to contemplate retirement, and not so small as to be too quick a read, this book strikes the right balance for all readers.  Leading through the phases of transition from work to retirement by way of the use of a nautical theme you are introduced to the authors’ own experiences of retirement.  One planned early retirement the other became retired courtesy of budget cuts so they come at retirement from different starting off points, and bring their unique perspectives and personalities to share with you.

There is humour, honesty, enlightenment, encouragement, joy, enthusiasm, excitement and a chance to see retirement through new eyes because this book is written by today’s retirees for today’s retirees.   It’s gender neutral and designed to appeal to a broad audience.

The combination of nautically themed text and titles are complemented with photographs throughout the book which in themselves lend the viewer food for thought.  For those who might simply browse through the book the “Aids to Navigation” at the end of each chapter are highlighted and stand alone.  They catch the eye and comment on the significant aspects and essence of the chapter.  Throughout the book are italicized side-bar comments, questions and ideas pertinent to the contemplation of life after the workplace.  Recommended books are well critiqued and useful Canada wide websites are included.

A must read for anyone thinking about retirement or who is recently retired.   A valuable and usable source information this books also lends itself to being the perfect gift for friends or colleagues who are thinking about retirement.

[Submitted by Enise Olding October 4, 2006]