Where are you on the retirement timeline?

0:00So where are you on your retirement timeline? Are you retired already? Are you about to retire in like five, 10, 20 years? Let's take a look at what it means today and which kind of timeline you should be looking at. Disclaimer, the following is for education and general information only, not investment, legal or tax advice, and not a recommendation to buy or sell anything. Investing involves risk, dividends are not guaranteed, and past performance does not predict the future. I may old position in securities discuss and may trade at any time. A, what's up market moves? Mike from the Moose on the loose. I hope you're doing well today. Welcome to retirement Friday. Quite a week on my side actually. I don't know if you saw that on my YouTube channel, but I did a collab actually. It was one of the rare time that I could talk about investing in my passion in French. So I was on podcast Aivist C. So for the ones who speak French or you can,

1:00I think now you can go on YouTube and have it translated. Anyways, got like two hours there. A lot of fun. Got to get to Montreal, meet with the guys with the podcast. Anyways, was a lot a great time. And what I found that was quite interesting there is the three of us, I mean, there were like two podcast hosts and the three of us were in completely different phases. There was Mark who was late 20s, brilliant mind, doing a lot of things, swing trader, making a lot of money on it. Definitely not about her retirement anytime soon. He was like all go go building his wealth and it was quite interesting. And then we have Derek who's about 40. So about five years younger than me, who had an exit. So he built an app, sold it. It was like Shopify app, sold it, become a millionaire in his 30s.

2:00And then now he's having fun. So kind of interesting to say, well, and still, now he's kind of working anyway because, I mean, you can't really retire at 36 or 37, right? You need to do something with your life. So he's hosting the podcast, he's doing like plenty of other things. And then you have me who has decided to slow down. So I'm 45. I'm going to turn to 45 this month. And then not really thinking about retirement. Why? Because I don't, like I work hard, but not that many hours. And I kind of like what I do. So I don't really see myself retiring at this point. Just because of that, I really like the lifestyle that I've built. I can wake up in the morning, have my morning run, and then I run with the dogs. I have breakfast with my youngest son. And then I start my day. Of course, there's a shower there and all this stuff, you know?

3:00But I start my day. I'm having fun looking at the market. And I kind of see myself doing that, like kind of forever, right? But anyways. So the timeline, that got me thinking about a time and about retirement and like where Canadians are retiring in the when. So I pull out a bunch of stats from stats again. So don't you, the messenger. I, and of course, I use AI to build a whole thing. And I found like a few interesting things. The first one was the average and the medium age of retirement in Canada actually increased by about one year between 21 and 25. So back then, the average year was like 64.3, median at 64.4. And today, big news in 2025, actually not today, but last year, it's now 65.4 or 65.3. So definitely like retiring at 65 is still the classic. And I was kind of surprised to see that people were working a little bit longer. And then we see like where they are retiring from.

4:03And this is where it gets interesting. Public sector, the average 62.6, median 61.8. So anyway, the numbers are not that important. Let's say 62. Then private sector, you're at like 66. Self-employed, 68. And then all retirees we were at like 65 as I mentioned. So public sector, because they have those the fine pension plan, they have this luxury of retiring younger, which is amazing for them, right? Good for them. So if you work in the private sector, the weight on building your retirement plan is a little bit more on your side. Now the defined pension plan, they don't exist that much. I had one at the bank, but I know that most private companies do not offer those defined pension because kind of simple. People live longer and then employers, they don't want to pay for that and they don't want to have this burden on their shoulders. So they're just like, yeah, we're gonna match a part of your RISP plan.

5:04And then if you go, you deal with yourself. So kind of interesting. And then self-employed, I was like 68. I would, I mean, I could be there. I found it interesting that was like not business owner, but I mean, it's kind of the same thing at one point. So having a business means that you're gonna work longer technically. Is it because you really like it in my kind of like my situation or because you cannot afford it? So I was like, hmm, that's interesting. And then I decided to look into the network at retirement to see like if there was like difference in ages. And I wish I had like the, the median network per like type of employment, but they were giving it by age. So the group age 55 to 64. So young retirees or people about to retire, the median network was 873,000. So not even a million. Then age 65 and plus, we are at 739.

6:08So a little bit smaller and all Canadian families to compare, we are at like 500 and 19. And you know, like the network includes everything. The house, the pension assets, our speed of TFSA, vehicles, everything, minus debt. So definitely with the house pricing that gone up over the past 10 years, we could say that a big chunk of that network is coming from the housing market, which is probably not a good thing, right? When you're thinking like if you have like $600,000 built in in your house and your net worth is like eight to $900,000, that means that you don't have that much liquidity and you will have to include the sell of your house in your retirement plan sooner than later, which kind of sucks, right? I wish I could be able to live in the house longer. So another thing, food for thought, have you included your house in your retirement plan? Personally, I don't. I use it as a cushion. So if I can do everything in kind of like die with zero,

7:10but still die with zero with my house, it's kind of the cushion that I'm comfortable with. So it lets me, it lets me spend all the money that I have in my investment accounts. And then I can think, oh, well, when I will be in my 80s, I will sell my house and then I'm just going to live on whatever like the pension plans from the government, government benefits and the house proceeds and that's will pretty much it. One thing that shocked me actually, medium after tax income for senior family, $79,000, 700 a year. So 80 grand a year after tax, median. So of course, it's not the average, but I was kind of surprised. Single senior, 36. So to understand that a little bit more, then you have to deal with further and say, well, how do you generate 80 grand after tax? That's kind of crazy. And then that's kind of was like, was quite interesting to see like where the money

8:11was coming from employment income, $21,000. So people are still, even if they're like retired or a senior, they're working part time. You got pension income, $21,000 again. You got CPP in OAS, 11K, OAS, no, sorry, CPP are QPP 11K, OAS 13, dividend in interest. 10,000, interestingly, right? RSP would draw a very small, a thousand bucks. So most of it is coming from like pensions and most then investment, kind of interesting. And one last thing that I've noticed, and it's kind of fun because when I did the interior tour last year and then I met with more people from a time in flu in Vancouver. So we do those like meetups, we're due for doing more in fall actually. Anyways, that, and whenever I meet with members of retirement loops, two third of our members are retired already. And guess what? I would guess that like, I don't have the stats,

9:12but probably like 80% of them are working. They're working part time, they're not working full time, but they consider themselves retired. It's gonna funny, right? But they are working, they are working not because they need the money. Most of the time they're working because they want to feel useful, right? They want to contribute, they want to wake up in the morning and have a purpose. And I think it's key, it's key to be, to keep yourself young, to keep yourself motivated and healthy. So if you are about to retire, probably that you should think about that part of like what am I going to do? One sorry tire. And if the answer is still, I am still going to either volunteer or work part time, kind of ironic, right? So I guess it comes down to, if you find something that you love, you will never have to retire and then this whole concept will not affect you. And then you can continue to enjoy life because that's the whole point of retirement, right? It's enjoying life.

10:13But what if you could do that in your 40s and your 50s? And then you kind of like retire early, but not necessarily stop working instead. Anyway, I'm going to leave you with that thought. And on Monday, we're going to talk about what's the point of having a 2% yield portfolio when you could generate a lot more income from it? All right, Moose, that's enough for today. Enjoy your weekend, big sucker tournament for me. This weekend, so I don't know, it's going to happen. Like what's going to happen there. But next week, definitely, my voice will be cracked again. That's for sure. All right, take a care, have a good weekend and don't forget to stay invested.