What do Canadians think of their Retirement?
In September 2012, TD Waterhouse conducted a nationwide survey[i]. TD asked Canadians to submit their own definition of retirement in one sentence. Within a two-week period, 2,312 Canadians submitted their answers. While every response is unique and personal, some recurring themes emerged from the thousands of entries. The highlights are summarized as follows:
- Everyone’s idea of retirement is different, because everyone is looking forward to personal and specific things.
- 52% said retirement is about freedom & flexibility:
- “The absence of ‘I have to…'”
- “Being able to resume my childish ways…”
- “Retirement is to be able to think imaginatively and freely, to allow myself luxuries of thought and time, dreams and realities, the future and friendships.”
- “An RV, the love of my life, a GPS, a full tank of gas … coffee and an open road to travel …!!!”
- Financial security (27%)
- The ability to travel (25%)
- Escape from the ‘nine-to-five grind’ (21%)
- Spending time with friends and family (14%)
Through a random draw, this entry was picked to receive a reward:
“FREEDOM!!! I would be able to relax and do the things that have meaning for me.”
Freedom means different things to different people. Doing things that bring meaning is also highly personal. Though I missed responding to the survey, I am now contributing my entry here:
“My retirement is about living life to its full potential, and cherishing my relationship with loved ones.”
How about you? How would you define your retirement in one sentence?