Morris Tait, 79, retired 25 years ago at age 54 after a career in education, first as an elementary school teacher and later as a school vice-principal and principal.
Mr. Tait believes it’s important to be busy in retirement and to do different things. He owns some rental properties, teaches senior fitness and learned to play the saxophone three years ago at age 76.
Sadie has a defined benefit pension of $15,816 a year. She will get a Canada Pension Plan survivor’s benefit to bring her total CPP entitlement to the maximum allowable of $1,254 a month, or $15,048 a year. The market value of their combined investable assets is about $1.14-million. “We were considering moving there in retirement and wanted to see if it would be a good fit. A year later, I asked for two months off to go back again, and my employer asked me if I was interested in retiring. I saw myself working for at least three or four more years, but then Jim and I thought about it more and decided it was time,” says Ms. Stuart in the latest Tales from the Golden Age article. Her husband had retired a few years earlier from a career in real estate.