Retirement and the Single Boomer

As Canadian longevity continues to stretch, the shape of retirement keeps shifting. And, with the robust Boomer generation at the helm, it comes as no surprise that even longer, more active retirements are on the horizon.

A Bank of Montreal report, entitled Retirement for One - By Chance or By Design shows there is a significant gap between the perception and reality of becoming unexpectedly single and its effect on personal finances.

Here are the three main elements  of the report...