Two retirement studies conclude that many retirement age Canadians wont be retiring so fast. Depending on the source, half to three quarters of them plan to continue working in their golden years.

A retirement survey from Fidelity Investments has found that, while almost half of baby boomers are planning to retire early, an almost equal amount plan on continuing to work in their retirement.

According to a BMO Financial Group study conducted by Ipsos Reid, three in four pre-retirees in Ontario (73 per cent) expect to work in retirement. In addition, 91 per cent of Ontario boomers stated that they are willing to continue to work if they’re not able to save enough to fund their retirement.

Although the baby boomer brain drain may not be as dire as some predictions, this still challenges organizations to engage and retain this valuable talent through attractive work arrangements and favorable benefits.