Working in retirement.
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
The semi-retirement myth
A reality check for those saying that because we're living longer and healthier, we'll be able to work well past the usual retirement age. In fact, a long-term rise in the average retirement age stalled out in 2008. What's driving the idea that we'll work longer? Financial desperation.
Here's a prime example of what the writer of the previous story is criticizing: A Wall Street Journal article suggesting that retirement at age 100 is coming.
The unaffordable city: Hamilton
The Hamilton Spectator reports on how the cost of upgrading the city's aging infrastructure – roads, sewers, water treatment – is running far ahead of revenue from property taxes. This is scary stuff that can't just be an issue in one city.
The unaffordable city: Vancouver
Here's a report on how high house prices in Vancouver are pricing millennials out of the market. What remains to be seen is how the market can keep climbing if young people can't afford to buy first homes.
Athlete eyes the financial industry
Toronto Blue Jays second base hopeful Steve Tolleson is looking at a post-baseball future as an investment adviser.
More money
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Rob Carrick