In the welter of reports last week about how Canadian retirees plan on working into their retirement years, a key fact might have been missed more often than not. It’s not just about the money.

The reports were based on a July survey by Leger Marketing for CIBC that revealed that more than half of Canadians who are now in their 50s plan to keep on working after retiring. In Ontario, 55 percent of the respondents said they’d work post-retirement (and Ontario retirement age is pegged at roughly 63 by the survey).

The reports pointed out that nearly half of 50-somethings have less than $100,000 saved for retirement (in Ontario it’s 46 percent), and suggested that post-retirement employment income would make up the gap.

But the survey also noted that “only one-third (33 per cent) said they would work just for the money. Two-thirds (67 per cent) see working as a way to either stay socially active, or find work enjoyable and want to stay involved in the workforce in some capacity.”

If your retirement living plan includes staying active and working, here are some financial tips we covered a few months back.

Of course, moving to a small-town Ontario retirement community such as Meaford Haven is a great way to reduce your costs and your stress.