A retirement expert shares a troubling vision of the future in his two

thought-provoking books



Don Pollock CPA


What is Retirement Hell and who are the most Vulnerable?

Retirement Hell

Retirement hell occurs when we are touched by certain horrific circumstances in our final years. There are five levels of retirement hell:

  • Insufficient money to pay for the necessaries of life
  • Sad and lonely existence
  • Subjected to elder abuse
  • Living in a substandard retirement home
  • Painful end of life experience

If government pensions are your primary source of income, it will be a challenge to enjoy retirement while living in poverty. As baby boomers move into retirement homes, we will lack the necessary beds, while our health care system will struggle to care for the flood of elderly patients.

Vulnerability – The three groups most likely to be impacted by some aspect of retirement hell are:

  • women, who are not financially independent, especially those who are  divorced or live alone
  • the children of baby boomers who are not members of a pension
  • families that live from pay cheque to pay cheque and have minimal savings

Don has written two thought-provoking books on potential issues we may face as we attempt to save for retirement:

  • Retirement Hell – Byproduct of a Middle Class under Siege

  • Avoiding Retirement Hell – Using Old School Strategies

Retirement has changed. The number of families that are members of a pension continues to decline. Employment in the manufacturing sector has shrunk and jobs have moved overseas. The number of men between the age of twenty-five and fifty-five having full-time employment is at record lows while the number of seniors in the workforce is at an all-time high. Cradle to grave employment is becoming rare. Artificial intelligence and robotics will play havoc with our jobs.

Baby boomers that are enjoying a phenomenal retirement are concerned their children may not share their financial success. Even those with great jobs face potential roadblocks on the path to retirement. This includes divorce, job loss and employer bankruptcy. Retirement has changed and so have the strategies to finance this final period of your life. Buying these books for your children may be one of the greatest gifts they will receive.


Note – Check out the latest retirement tips in the Retirement Tips section


If you would like the tips sent to your mailbox, forward your email address to don.retirementhell@gmail.com

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