“I retired in 2016 at 64 years old, two years after selling my aviation planning and consulting engineering company,” says Ted Lennox, 72, in this Tales of the Golden Age article. “I stayed on for a couple of years afterward to help ensure a smooth transition. I decided to sell the company partly because I was tired of the endless pursuit of new business.”“I did expect to work as a consultant after I retired.
Don’t wait for society to come to you, Lennox advises. Get out there, do things and meet people. “Most of our current social life has developed since we retired. And lastly, try to look at the bright side of life. It’s contagious.” While not all DINKs deliberately chose not to have kids, as birth rates around the world drop it’s not surprising that their numbers are rising: There were 1.9 million DINK households in Canada as of 2021, up from 1.7 million in 2012.
In addition to grieving the loss of a loved one, surviving spouses often find themselves dealing with new tax challenges related to estates, pensions and changes to their income, writes Gillian Livingston in this Globe Investor article. Advanced tax planning done years before one spouse passes away is the best way to minimize taxes on the deceased spouse’s final tax return and keep taxes as low as possible for the surviving spouse, Mr. Trotta says.I’m a 54-year-old woman and I have just filed for divorce. How do I manage my retirement savings and pension through this process?