Feb 25, 2019
Canadians Rethinking Retirement: Gig economy plans for the future
With the increasing prevalence of freelance employment and the 'gig' economy, Canadians in many ways have more options than ever to pick and choose what jobs work best for their lifestyle. But while that presents a certain kind of freedom, it also presents an element of stress when it comes to thinking about the future and saving for retirement.
In the above video, we meet Zac Laszuk, who tells us about being a freelance cinematographer.
For most people in the workforce today, the idea of spending their entire career with one organization, then retiring at 65 with a gold watch and a vacation home is something of a foreign concept.
The reality is that many Canadians are changing their approach to work to adapt to the realities of the job market around them. They know they're likely going to have multiple jobs over the course of a career, and with this reimagining of work comes a rethinking of retirement.
Indeed, many Canadians are a part of the Flexforce.
The "Flexforce" is a growing segment of the Canadian working population made up of gig workers, job jumpers and postponed professionals. These people in non-traditional roles are redefining what employment looks like.
And as the face of Canada's workforce changes, so does their ability to manage finances and plan for retirement.
To better understand the ways the Flexforce is challenging our conventional ideas about retirement, we sat down with a few TD Customers working in the Flexforce to talk about their careers, their financial challenges and how they approach planning for retirement.
Check out how you can learn more about adjusting your plans to kickstart your retirement savings.