Skip to content
Join our Newsletter

Health issues major reason for timing of retirement: poll

A new poll suggests many Canadian boomers could be surprised about the timing of their retirement. The Ipsos-Reid survey of people aged 50 or older found that 62 per cent of the retired respondents had chosen the time when they left the workforce.

A new poll suggests many Canadian boomers could be surprised about the timing of their retirement.

The Ipsos-Reid survey of people aged 50 or older found that 62 per cent of the retired respondents had chosen the time when they left the workforce.

The poll also found that 20 per cent of retired respondents had only a month's warning or less, while 42 per cent had less than six months notice before they retired.

By contrast, 85 per cent of the working boomers said they expected to have a choice about the timing of their retirement from working.

Health issues were cited as the main reason for the timing of retirement for Canadians, ahead of having enough money or being unhappy at work.

The poll was limited to people with household assets of at least $100,000 and conducted by Ipsos Reid for RBC Royal Bank from Feb. 24 to March 12.