A financial adviser says five years is the minimum amount of time people need to plan for retirement.  | Getty Images

Retirement planning must start now

Retired couple say they started working on a plan three years before retirement, and that probably wasn’t enough time

Retirement planning can be difficult for many farmers. Getting started on building up savings and talking about retirement goals often doesn’t start soon enough. For Reginald and Theresa Nelson knew they could not continue their Rockglen, Sask., seed cleaning and 2,000-acre grain and certified seed operation because of Reginald’s health. But selling their operation and […] Read more

Financial advisers say it can be difficult to convince farmers of the importance of investing outside their farm.  |  Getty Images

Income can continue after retirement

Different income streams can improve financial stability, whether it means an investment portfolio or continuing to work

When Reginald and Theresa Nelson started looking into their retirement plans, being financially stable was their biggest concern. No one wants to retire wondering where their money is going to come from, but retirement doesn’t have to mean that they stop working. While Reginald was not healthy enough to continue their Rockglen, Sask., seed cleaning […] Read more

People must be prepared for fluctuations in their income and other factors outside of their control such as inflation.  |  Getty Images

Get a handle on expense and income streams

It can take a great deal of work to figure out ahead of time what ‘living within your means’ will involve after retirement

Russell and Terri Bruce are excited about their farm auction this fall. After decades of farming near Tuxford, Sask., and their last harvest in 2019, the couple looks forward to closing their operation and spending more time with their grandkids. To do that, planning their retirement, including their budget for the coming years, had to […] Read more


“I get the phone calls, ‘Colin, I’ve sold,’ when I should be getting the phone call, ‘Colin, I’m thinking of selling.’ I never get that phone call,” says Colin Sabourin, a financial planner from Winnipeg.  |  Getty Images

Call a financial planner before retirement

Farmers advised to set aside money for insurance and investment needs off the farm long before discussing retirement

When it comes to planning for their retirement, farmers rarely go to financial advisers asking for a plan. At least, that what Colin Sabourin, a financial planner with Hemmett Anseeuw and Associates of Winnipeg, sees when he works with farmers. Sabourin sees a trend of farmers whose retirement plans are selling off their assets when […] Read more

People planning their retirement are urged not to underestimate the cost of their dreams.  |  Getty Images

Know what you want to get from retirement

Identifying expectations can help map out suitable investments based on goals rather than just risk tolerance

What do you want out of your retirement? Being on the verge of retirement, Russell and Terri Bruce are taking this question seriously. Of course, their family is the biggest priority but visits cost money for travel and other expenses. The questions of what you want out of retirement and how you intend to pay […] Read more


Women encouraged to seek seats in provincial, municipal elections

The lack of female rural candidates running in provincial and municipal elections this fall is raising concern in some quarters. Equal Voice, a non-profit organization that focuses on gender parity, said women make up 26 percent of MLAs in the Saskatchewan legislature, 23 percent of rural ridings are represented by women and only 13 percent […] Read more

Since retiring in 2018, Betty and Dennis Turner have been striking location after location off their travel lists, including visiting the pyramids of Egypt.  |  Supplied photo

Travel can play big role in retirement

A retired Manitoba couple hopes to continue seeing the world after COVID-restrictions are eased on international travel

Travelling was always part of Betty Turner’s life, even before she and husband Dennis started planning for their retirement. After 40 years of farming 2,400 acres of crop and pasture land near Killarney, Man., it was obvious that travel was going to be a big part of their retirement years and the list of places […] Read more

Lynn and Elaine Jacobson continue to enjoy retirement, especially their trips around Canada to attend board meetings, including a Canadian Federation of Agriculture meeting in Kingston, Ont., in 2019.  |  Supplied photo

Finding a passion is key to retirement

For Lynn Jacobson, it’s his work with the Alberta Federation of Agriculture and other boards that makes life meaningful

There are a lot of questions when it comes to retirement, but none as big as where one wants to live their retirement years. When planning for retirement, Lynn Jacobson and his wife, Elaine, knew they wanted to stay on the farm as long as they could. They had other ideas on where they could […] Read more


Arnold Balicki, right, brought his son, Leonard, into the farming business long before he started the process of semi-retiring.  |  Supplied photo

Decision-making part of transition process

A Saskatchewan cattle producer says farmers must give up their authority in order for their family members to take over

Arnold Balicki had raised cattle on his land north of Shellbrook, Sask., for 34 years but a heart bypass caused him to slow down during the past 10 years and face semi-retirement from farming. Fortunately, he had been preparing for it for a while and brought his son into the business long before the semi-retirement […] Read more

Linda and Don Johnson began golfing 50 years ago, and it is now an important part of their retirement.  |  Supplied photo

Retiring into another job can ease transition

A retired Saskatchewan grain grower says leaving the farm was the hardest thing to do when it came time to quit farming

Don Johnson knew that when farming became work, it was time for a change. The Kipling man rented his first quarter-section in 1969 before he even finished high school and kept farming his commercial grain turned pedigree seed operation until 2000. There are ups and downs in farming and most of the time one outweighed […] Read more