How the coronavirus pandemic could change the way we think about retirement in Canada Apr 29th

Over the past few decades, the concept of retirement has grown increasingly more sophisticated. Canadians preparing for retirement have been able to contemplate a variety of highly personalized approaches—from early (or even very early) retirement; to active, phased, or working retirement; and more. 
All of these variations on the retirement theme have been built on a relatively steady set of economic conditions and assumptions: that housing and financial markets will remain stable, the economy will continue to function, and Canadians will continue to pay the Canada Pension Plan premiums and income taxes that keep CPP and Old Age Security payments flowing. 
But what happens to retirement when the world is grappling with a global pandemic and the resulting worldwide economic fallout? Here are three ways the coronavirus could reshape retirement in Canada. 
The movement towards “early retirement” will dwindle as employment security drops—and the average retirement age creeps up
Many of these newer approaches to retirement assume that if retirement goes wrong, retirees have fallbacks to rescue their finances, whether that’s returning to paid employment, harvesting home equity, or counting on continued asset growth to help meet budget shortfalls…