Transcript: Retirement - Eye Truck EFP - Movies | Oct 12, 2001

(music plays)

A title appears inside the shape of a house: More to Life. Words spin against a red and orange background: Health, Family, Home, Money, Fitness, Life. Fast clips show images related to the previous concepts, such as a dollar bill, a wheat field, and strands of DNA.

In animation, the title appears inside the shape of a house: "More to life."

Then, Mary Ito sits in a studio with textured yellow walls and the logo of the show in the background, which reads "More to life."

Mary is in her late thirties, with short black hair and bangs. She's wearing a gray shirt.

Mary says HELLO. I'M MARY ITO. WOMEN COME TO "MORE TO LIFE." CRIME DOESN'T PAY BUT EARNS BIG BUCKS AT THE BOX OFFICE. WE'LL HEAR THOSE DETAILS LATER IN THE SHOW WITH OUR OWN MOVIE REVIEWER THOM ERNST. FIRST, SHOULD WE RETIRE THE WORD "RETIREMENT?" MANY SENIORS IN ONTARIO ARE WORKING PAST THE AGE OF 65. RIKKI IS ONE. SHE'S A DERMATOLOGIST WHO WORKS IN DOWNTOWN TORONTO. SHE'S A PERFECT EXAMPLE, AT AGE 82, OF SOMEONE WHO IS STILL GOING STRONG.

A clip plays on screen. In the clip, a woman with curly white hair and glasses in a white lab coat fetches a report from a shelf.

She says says GOOD MORNING.

She sits in a room for an interview.

A caption appears on screen. It reads "Doctor Ricky Schachter."

Ricky says I'VE BEEN WORKING AS A DERMATOLOGIST SINCE 1945. I BECAME INTERESTED IN DERMATOLOGY BECAUSE I HAD ACNE. AND EVERYTHING KEPT TELLING ME THAT I WAS GOING TO OUTGROW IT. BUT I WASN'T PREPARED TO WAIT.

Tending to a patient, as she writes a prescription, she says USE THE 30. ON SPECIFIC AREAS...

At the interview she continues
I BELIEVE IN HOLISTIC MEDICINE IN THE CRUDE SENSE THAT IT ISN'T JUST A SPOT OR AN ULCER OR A SCAB. IT'S PART OF YOU. AND YOU AS A PERSON, HAVE MANY FACETS. AND THAT'S WHY I BELIEVE IT'S IMPORTANT TO GET TO KNOW YOUR PATIENT.

As she examines a female patient's swollen hand, she says FEEL THAT LITTLE SPOT?

The patient says YES.

Ricky says IT'S THAT KIND OF THING WE'RE TREATING. WHAT WE'RE USING IS LIQUID NITROGEN.

At the interview, she continues
I DON'T RETIRE BECAUSE I REALLY ENJOY WHAT I'M DOING. AND I LIKE PEOPLE. ANY TIME YOU'RE PAST A SIGNIFICANT AGE FOR PHYSICIANS OR SURGEONS THERE IS SOMEONE WHO COMES TO CHECK YOU. YOUR OFFICE AND YOUR CHARTS. THEY WANT TO KNOW WHETHER YOU KEEP DECENT HISTORIES, WHETHER YOU STILL CAN... WHETHER YOU'RE STILL FUNCTIONING. I READ MY JOURNALS IN THE EVENING. GUY TO AS MANY MEETINGS AS I CAN. IN THE YEARS THAT MY HUSBAND HAS BEEN ILL IN THE LAST FEW YEARS I HAVE FRIDAY OFF.

Fast clips show her leaving the house and getting into a car.

Ricky continues I MIGHT JUST TAKE A LEISURELY BATH AND READ AND MAYBE HAVE A SNOOZE AND GO TO SERVICES TWICE A DAY SINCE MY HUSBAND DIED. AND THEY TAKE SOME TIME. BUT THEY ARE VERY PLEASURABLE BECAUSE, IN MANY WAYS, IT'S LIKE HAVING THE SUPPORT. THE BEREAVEMENT SUPPORT.

A clip shows her sitting at a dinner table. A young woman pronounces a prayer in Hebrew.

Ricky continues
FRIDAY NIGHT MY SON AND HIS WIFE, TONA, AND THEIR CHILDREN, MY DAUGHTER, AND HER HUSBAND, PETER, AND THEIR TWO CHILDREN GATHER TO WELCOME THE SABBATH. IT'S FUN TO GATHER. WE HEAR ABOUT EVERYBODY'S WEEKS AND THE EXCITEMENT OF WHAT THEY'RE DOING AND, OF COURSE, IT CHANGES OVER THE YEARS. DO I THINK THAT 65 IS A GOOD YEAR TO RETIRE? I THINK IT'S A GOOD YEAR FOR MANY PEOPLE. I THINK THAT MANY PEOPLE DON'T HAVE THE OPPORTUNITY THAT I HAVE HAD, WHICH IS THE OPPORTUNITY OF REMAINING IN A WORK AREA THAT YOU LIKE AND HAVE THE OPPORTUNITY OF SEEING THAT JOB CHANGE, SEEING THAT YOUR CHOICES GROW AND HAVING THE OPPORTUNITY TO BE PART OF THAT GROWTH. MOST PEOPLE GET TIRED AND GET FED UP. THEY'RE PICKED UPON BY THEIR BOSS. NOW, WE HAVE BOSSES WHEN WE'RE AT THE UNIVERSITY. I WAS THE FIRST WOMAN WHO HAD A TEACHING SERVICE IN MEDICINE IN CANADA...

A black and white picture appears showing Ricky in her youth, with full hair.

Ricky continues BUT YOU DO THAT FOR SO MANY YEARS AND THEN YOU RETIRE FROM THAT BECAUSE THERE WAS A RETIREMENT AGE.

At her office, as she injects a patient, she says THIS IS JUST A LITTLE... YOU KNOW, IT FEELS A LITTLE BURNING.

At her interview, she continues
CERTAINLY, EVERYBODY NEEDS TO HAVE ENOUGH TO LIVE ON. I COULD NOT LIVE ON MY PENSION. AND THAT'S WHY I'M STILL FIGHTING THE BATTLE OF TRYING TO GET THE UNIVERSITY OF UPPING THE PENSION FOR THOSE OF US WHO RETIRED AT 65. I'VE FOUGHT MANY BATTLES. I'VE WON SOME, LOST SOME. I'VE FOUGHT FOR MANY YEARS TO HAVE WOMEN GET TIME OFF TO GET A BABY. AND IN MY TIME I'VE HAD THREE WEEKS. NOW THEY HAVE A YEAR. I'M STILL FIGHTING THE BATTLE SO THAT PEOPLE COULD WORK PAST 65. I THINK THAT WHEN MY BRAIN STOPS WORKING AND I CAN'T MAKE A CONTRIBUTION, THAT'S THE TIME TO STOP.

The clip ends.

Back in the studio, Mary says SO WHY ARE MORE SENIORS CHOOSING TO LEAVE THE WORK FORCE ARE CHOOSING TO STAY IN THE LABOR FORCE, I SHOULD SAY? LET'S ASK OUR GUEST, MONICA TOWNSON. SHE'S AN ECONOMIST WITH AN AREA OF EXPERTISE IN PENSIONS. SHE'S HERE TO ANSWER MY QUESTIONS AND ALSO YOURS.

Monica is in her sixties, with short blond hair. She's wearing a gray blazer and a patterned brown blouse.

Mary continues IF YOU WANT TO KNOW ANYTHING ABOUT RETIREMENT, HOW TO PLAN A SUCCESSFUL ONE HOW TO MAKE SURE YOU HAVE ENOUGH MONEY WHEN THE TIME COMES GIVE US A CALL. 416-484-2727 IS THE NUMBER IN TORONTO. CAN YOU DIAL LONG DISTANCE TOLL-FREE AT 1-888-411-1234. AND WE'LL ALSO TAKE YOUR E-MAIL QUESTIONS AT AT MORETOLIFE@TVO.ORG.

A caption reads "416-484-2727. 1-888-411-1234."
Then, it changes to "moretolife@tvo.org"

Mary continues HELLO Monica, THANKS FOR COMING IN.

Monica says HELLO.

Mary says I THINK PEOPLE THINK THAT 65 IS THE TIME OF RETIREMENT. HOW PASSE IS THIS?

The caption changes to "Monica Townson. Economist."

Monica says WELL, I THINK IT'S VERY PASSE. I THINK WE SHOULD RETIRE THE WORD "RETIREMENT." PEOPLE THINK OF IT AS NO LONGER VALID. PEOPLE USED TO WORK FULL-TIME FOR MOST OF THEIR LIVES. AT 65 THEY WOULD THINK THEY WOULD RETIRE, THEN NEVER WORK AGAIN. YOU WOULD CHANGE YOUR WORK PATTERNS, GO FROM FULL-TIME WORK TO PART-TIME WORK, GO FROM BEING AN EMPLOYEE TO BEING SELF-EMPLOYED. YOU MAY CHANGE THE TYPE OF BUSINESS THAT YOU'RE IN, YOU MAY WANT TO START A BUSINESS AS YOU GROW OLDER. THERE'S ALL KINDS OF OPTIONS THAT PEOPLE HAVE. WE MOVE THROUGH THIS TRANSITION AS THEY GROW OLDER. I THINK AS THE DOCTOR SAID IN THE CLIP THAT WE JUST SAW SHE FEELS ENERGETIC, FEEL AS LIVE. SHE WANTS TO CONTINUE WORKING. I THINK MANY PEOPLE DO. JUST BECAUSE YOU'VE REACHED A CHRONOLOGICAL AGE DOESN'T MEAN YOU'RE NOT CAPABLE OF CONTINUING TO WORK IF YOU DON'T WANT TO.

Mary says HOW DID WE PUT A NUMBER ON THAT? HOW DID 65 HAPPEN?

Monica says THAT'S AN INTERESTING QUESTION. IT HAPPENED ACCORDING TO MOST BOOKS THAT BISMARCK THE CHANCELLOR OF GERMANY AT THE END OF OF THE 19th CENTURY DECIDED THAT 65 WAS THE AGE AT WHICH PEOPLE SHOULD RETIRE. AT THOSE... IN THOSE DAYS PEOPLE DIDN'T LIVE VERY LONG. YOU RETIRED AT 65, ONE, TWO YEARS YOU WERE GONE. YOU DIDN'T NEED A PENSION FOR A LONG PERIOD OF TIME. LIFE EXPECTANCY HAS INCREASED FOR WOMEN, MEN.

Mary says WE'RE UP TO 80 FOR BOTH.

The phone numbers and email reappear briefly.

Monica says IF YOU LOOK AT WHO GETS TO 65. HOW MUCH LONGER CAN YOU EXPECT TO LIVE AT THAT POINT? BECAUSE SOME PEOPLE DIE WHEN THEY'RE YOUNGER, OF COURSE. A WOMAN WHO RETIRES AT 65 CAN LIVE FOR ANOTHER 20 YEARS. A MAN FOR 16 YEARS OR SO. THAT'S AVERAGE, OF COURSE. SO YOU STILL HAVE A LONG PERIOD OF YOUR LIFE AFTER AGE 65 WHEN YOU CAN EXPECT TO LIVE A LONG TIME. YOU DON'T WANT TO NECESSARILY STOP WORKING OR DOING THE KIND OF THINGS YOU ARE DOING AT 65.

Mary says SO THE FACT IN REAL TERMS AS FAR AS PEOPLE THEY WANT TO WORK. THEY CAN WORK. RETIREMENT IS PASSE IN THAT SENSE. WHAT ABOUT THE ECONOMICS OF IT? OF HAVING AN AGE OF RETIREMENT?

Mary says WELL, SOME PENSION PLANS DO REQUIRE PEOPLE TO RETIRE AT 65. THEY PUT IN PLACE A WHILE AGO. THEY CALCULATE IT THAT THEY STOP PAYING OUT PENSIONS AT 65. AND WHILE SOME FEEL THAT THEY WON'T HAVE ENOUGH PENSION SO THEY WANT TO CONTINUE WORKING TO PAY FOR THEIR RETIREMENT. THE INTERESTING THING IS THAT, IN SPITE OF THE STORIES THAT WE HEAR ABOUT PEOPLE WORKING LONGER THE AGE OF RETIREMENT HAS BEEN GOING DOWN. FOR MEN, THE AVERAGE AGE IS NOW 61. FOR WOMEN IT'S 58. SO...

Mary says WHY IS THAT?

Monica says AND PEOPLE ARE RETIRING EARLIER.

Mary says WHY IS THAT?

Monica says THE RULES CHANGED A WHILE AGO. YOU DON'T HAVE TO WAIT AND WHEN THAT WAS INTRODUCED MANY, MANY PEOPLE TOOK ADVANTAGE OF IT. MANY MORE PEOPLE THAN THE GOVERNMENT ANTICIPATED THAT. IS ONE REASON WHY SOME PEOPLE HER RETIRING EARLY. BUT THE OTHER THING THAT'S BEEN HAPPENING IS THOSE PEOPLE WHO RETIRED EARLY HAVE NOW BEEN GOING BACK TO WORK AFTERWARDS AND STATISTICS DONE A FEW YEARS AGO THAT SHOWED MA A HIGH PERCENTAGE OF PEOPLE WHO RETIRED PRIOR TO 65 AND CONTINUES TO PAID EMPLOYMENT AFTERWARDS. AND THE MOST IMPORTANT THING FOR NOT FINANCIAL REASONS a quarter WERE GOING BACK TO WORK BECAUSE THEY NEED IT OR HAVE PERSONAL REASONS FOR WANTING TO BE IN THE PAID WORK FORCE AGAIN.

Mary says I WONDERED HOW MUCH MONEY HAD TO DO WITH IT OR LOVE OF THE JOB? OR PERSONAL IDENTITY.

Monica says I THINK THE IDENTITY IS VERY IMPORTANT. THAT'S MY FEELING. AND PEOPLE GET A LOT OF STATUS. YOU MEET COLLEAGUES. YOU MEET THE GENERAL PUBLIC DEPENDING ON THE WORK THAT YOU DO. HAVE YOU SOME KIND OF STATUS. THE MINUTE YOU STOP DOING THAT YOU NO LONGER HAVE THAT SOCIAL NETWORK YOU USED TO HAVE WHEN YOU WERE WORKING. THE SOCIAL IDENTITY IS AN IMPORTANT THING. I THINK PEOPLE ARE REALIZING THAT THEY'LL LIVE MUCH LONGER THAN THEY USED TO. IF YOU RETIRE AT 55, FOR EXAMPLE, YOU'VE STILL GOT a third OF YOUR LIFE AHEAD OF YOU. AFTER A FEW YEARS YOU MAY DECIDE I'M BORED OF THIS. SOMETHING TO DO. IF HAVE YOU A DECENT PENSION BECAUSE MANY PEOPLE DON'T.

Mary says I KNOW YOU'RE AN ECONOMIST AND NOT A PSYCHOLOGIST, BUT I'LL ASK YOU THIS ANYWAY. ISN'T THERE A SENSE SOMETIMES, THOUGH THAT, PEOPLE DEVOTE SO MUCH TO THEIR WORK THAT IT'S THEIR WHOLE LIFE LET'S SAY THEY DO LOSE THEIR JOBS AND, PERHAPS, THEY CAN'T FIND A JOB RIGHT AWAY BECAUSE THEY DON'T HAVE ANYTHING ELSE IT'S TERRIBLE FOR THEM MENTALLY, EMOTIONALLY. THEY DON'T HAVE HOBBIES OR PASTIMES OR OTHER INTERESTS.

Monica says I THINK THAT'S A VERY GOOD POINT. WHEN YOU'RE THINKING ABOUT RETIRE WILL, LET'S SAY, YOU'RE IN YOUR 40s OR YOUR 50s YOU'VE GOT TO THINK NOT ONLY ABOUT THE KIND OF MONEY YOU MIGHT HAVE WHEN YOU WANT TO RETIRE, QUOTE, UNQUOTE, BUT ALSO WHAT ARE YOU GOING TO DO WITH YOUR TIME? HAVE YOU TO START THINKING ABOUT YOUR LIFESTYLE AS WELL. SO LET'S SAY, FOR EXAMPLE, YOU'VE DEVELOPED A HOBBY. IT'LL MIGHT BE ABLE TO BE CHANGED INTO A MONEY-MAKING HOBBY. SO YOU MAY BE KIND OF FED UP WITH YOUR CURRENT JOB OR GET LAID OFF, SOMETHING LIKE THAT. YOU MAY HAVE SOME KIND OF HOBBY THAT COULD BE TURNED INTO AN ACTIVITY THAT WILL BRING YOU IN A LITTLE BIT OF EXTRA MONEY TO SUPPLEMENT ANY EXTRA PENSION YOU'VE GOT.

Mary says LET ME RECAP FOR OUR VIEWERS. WE'RE TALKING TODAY ABOUT RETIREMENT, PLANNING FOR RETIREMENT. MAYBE HAVE YOU QUESTIONS, ARE RETIRED, YOU'D LIKE TO DO THINGS DIFFERENTLY. PLEASE GIVE US A CALL. 416-484-2727. LONG DISTANCE TOLL-FREE AT 1-888-411-1234. CAN YOU ALSO E-MAIL US YOUR QUESTIONS AT IF MORETOLIFE@TVO.ORG.

The phone numbers and email reappear briefly.

Mary continues WE HAVE A CALLER ON THE LINE. ROBERT FROM MT. HOPE. HELLO, ROBERT.

The Caller says HELLO.

Mary says HI.
GO AHEAD.

The Caller says I THINK THE MAIN REASON THEY BROUGHT IN RETIREMENT AT DAY FIVE WAS TO GIVE THE YOUNG PEOPLE A CHANCE AND 75, ETC., ETC.

Monica says I'M GLAD YOU WRAPPED THAT UP. THAT'S A VERY INTERESTING QUESTION. AND PEOPLE ARE IN THEIR 50s GETTING CLOSE TO RETIREMENT. THE GENERATION THAT IS FOLLOWING THEM IS MUCH SMALLER. AND HOW CAN WE PERSUADE PEOPLE TO WORK LONGER. THERE WILL NOT BE ENOUGH YOUNGER PEOPLE COMING UP BEHIND THE YOUNGER GENERATIONS TO FILL ALL OF THE JOBS LEFT AS THEY RETIRE. AND PERSUADING PEOPLE TO WORK LONGER. THEY'VE AGED THE... THEY'VE RAISED THE AGE OF RETIREMENT FOR SOCIAL SECURITY FROM 65 TO 67. THAT'S PART OF THE POLICY TO ENCOURAGE PEOPLE TO WORK LONGER.

Mary says THAT'S ACTUALLY GREAT THEN FOR THOSE PEOPLE WHO DO WANT TO WORK.

Monica says IT IS IN A WAY. I THINK THAT WE SHOULD REMEMBER THAT SOME PEOPLE ARE NOT ABLE TO CONTINUE FOR HEALTH REASONS. AS YOU GET OLDER YOU MAY DEVELOP HEALTH REASONS THAT MAY PREVENT YOU FROM WORKING AND TO RETIREMENT AGE THERE'S DEBATE ABOUT THIS. THE FEELING IN SOME QUARTERS ARE IF YOU RAISE THE RETIREMENT AGE, PEOPLE MAY BE FORCED TO CONTINUE WORKING WHEN PHYSICALLY THEY'RE NOT ABLE TO. SO YOU HAVE TO KEEP THAT IN MIND AS WELL, I THINK.

Mary says AND LET'S GET DOWN TO THE THE MONEY OF IT. CAN THE AVERAGE CANADIAN AFFORD TO RETIRE AT AGE 65, LET'S SAY?

Monica says THAT DEPENDS VERY MUCH ON WHAT KIND OF PENSION THAT THEY HAVE. WE SHOULD KEEP IN MIND THERE'S A VERY GOOD PUBLIC PENSION SYSTEM. EVERYBODY WHO REACHES 65 IS ENTITLED TO OLD AGE SECURITY. AND IF THEY'RE IN THE WORK FORCE, THEY'D BE ENTITLED TO A PENSION PLAN. THE MOST CAN YOU GET FROM THOSE TWO PROGRAMS TOGETHER IS ROUGHLY 14,000 dollars A YEAR AT THE MOMENT. BOTH OF THOSE, 14,000 dollars IS NOT AN AWFUL LOT. THE IDEA IS THAT, WHILE YOU'RE WORKING, BEFORE YOU GET TO RETIREMENT, YOU'LL SAVE FOR YOURSELF OR MIGHT BELONG TO A PENSION PLAN, SO ON. UNFORTUNATELY, MOST PEOPLE DO NOT HAVE A PENSION PLAN AT WORK. 41 percent OF CANADIAN HAVE'S A WORKPLACE PENSION PLAN FOR THEIR COMPANY OR EMPLOYER. MANY WILL HAVE TO SUN LAB MEANT WHAT THEY GET FROM THE PUBLIC BY SAVING AND AND UNFORTUNATELY, MANY ARE NOT TAKING ADVANTAGE OF THAT OPTION.

Mary says WHY IS THAT? THEY'VE BEEN AROUND FOR SO LONG NOW.

Monica says THEY HAVE. FOR PEOPLE AT THE LOWER END OF THE INCOME SCALE I'M SAYING UP TO 20,000 dollars A YEAR THE ISSUE IS THAT THEY DON'T HAVE ENOUGH CASH TO CONTRIBUTE. THEY HAVE OTHER OPTIONS. YOUNGER PEOPLE, OF COURSE, HAVE OTHER PRIORITIES. BECAUSE THEY HAVE A HOUSE OR ARE PAYING FOR A CHILDREN'S PEDESTRIAN INDICATION. AND SPECULATING WHY THEY WEREN'T TAKING ADVANTAGE. AND WHAT THEY ARE PRESSURED TO ENCOURAGE TO DO. IN 1999, FOR EXAMPLE EARTHQUAKE THE MOST RECENT YEAR WE HAD PEOPLE USED UP... CANADIANS ON THE WHOLE USED UP ONLY 10 percent OF THE TOTAL R.S.P. ROOM THAT WAS AVAILABLE TO THEM.

Mary says BUT I THOUGHT... OK, MAYBE THIS WAS A MYTH. I THOUGHT WE WERE SAVERS. WHERE ARE THOSE SAVINGS GOING TO?

Monica says THE STATISTICS SHOW THAT THAT HIGHER INCOME THE MORE YOU ARE TO SAVE REGARDLESS OF YOUR AGE. SO IT DEPENDS ON NOT GETTING CLOSER TO RETIREMENT AND DECIDING TO SAVE, IT DEPENDS ON YOUR INCOME. THE STATISTICS SHOW THE PEOPLE IN THE 75,000 TO 80,000 dollars A YEAR OR MORE MANY ARE SAVING. THEY'RE NOT SAVING REGULARLY. THEY MAY CONTRIBUTE TO AN R.S.P. ONE YEAR. THE NEXT YEAR SOMETHING ELSE COMES UP SO THEY DON'T MAKE THE CONTRIBUTION. TO THE FUNDS DON'T ACCUMULATED PATIENT WAY THAT THEY WERE CONTRIBUTING EVERY YEAR. THEN, OF COURSE, THE OTHER THINGS THAT HAPPEN IS PEOPLE CASH IN THE R.S.P. IF SOMETHING HAPPENS SO. MANY PEOPLE WHO, PERHAPS, LOSE THEIR JOB OR WOMEN SOMETIMES WHO TAKE MATERNITY LEAVE OR WHATEVER WILL USE THE MONEY IN THE R.S.P. TO PAY FOR THAT. THEN IT'S VERY DIFFICULT AND YOU'VE LOT THE POTENTIAL TO EARN INTEREST ON THAT MONEY, WHICH YOU HAVE TO BUILD UP AGAIN BEFORE YOU CAN MAKE UP FOR WHAT YOU'VE TAKEN AWAY.

The phone numbers and email reappear briefly.

Mary says I WAS TELLING YOU EARLIER I WAS QUITE DEPRESSED WHEN I HEARD ABOUT IT. HI WENT HOME TO MY HUSBAND AND SAID, WELL, WE MISSED THE BOAT ON THIS ONE. YOU WERE SAYING THAT IF YOU SAVED 100 dollars A MONTH AT AGE 20 TO 25, RIGHT? YOU DID IT FOR FIVE YEARS. WOULD YOU HAVE MORE MONEY THAN IF YOU STARTED THAT PATTERN AT AGE 30 AND DID IT UNTIL YOU WERE 65.

Monica says YES.

Mary says I FIND THAT SO HARD TO BELIEVE.

Monica says MANY PEOPLE DO. THE REASON WHY THAT IS SO IS WHAT FINANCIAL ADVICE IS CALLED AN INTEREST. IF YOU LEAVE IT THERE THE KEY IS THAT YOU DON'T TOUCH IT. BUT IT CONTINUES TO EARN INTEREST. THEN YOU CONTINUE TO EARN INTEREST ON THE INTEREST. THAT COMPOUNDS UNTIL YOU ARE 65. WHEREAS IF YOU DON'T START UNTIL MUCH LATER, FIVE, 10 YEARS LATER THEN YOU'VE MISSED PATIENT OPPORTUNITY ON INTEREST DURING THAT PERIOD OF TIME.

Mary says I ALMOST DON'T WANT TO ASK YOU THIS BUT, POTENTIALLY, HOW MUCH WOULD THAT 20-YEAR-OLD THEN HAVE AT AGE 65? DO YOU KNOW?

Monica says I HAVEN'T GOT THAT NUMBER HERE IN FRONT OF ME.

Mary says IT'S GOT TO BE A BE DECENT AMOUNT, THEN.

Monica says YES, IT IS. DY CALCULATIONS ON WHAT AMOUNT OF MONEY. PEOPLE SAY HOW MUCH I DO NEED TO SAVE? THAT DEPENDS ON HOW MUCH MONEY YOU THINK YOU NEED TO LIVE ON IN RETIREMENT. BUT MANY PEOPLE ARE CONCERNED ABOUT THE OLD AGE SECURITY BEING TAKEN AWAY IF THEY HAVE TOO MUCH INCOME FROM OTHER SOURCES. THERE'S WHAT WE HAVE A A CLAUSEBACK. IF HAVE YOU A PENSION THAT MEANS YOU'LL GET LESS FROM OLD AGE SECURITY. I FIGURED OUT THAT YOU COULD HAVE THE MAXIMUM OLD AGE SECURITY, THE MAXIMUM CANADA PENSION AND ABOUT 40,000 dollars A YEAR FROM OTHER SOURCES BEFORE YOU WOULD BE SUBJECTED TO THAT AND IF YOU WANTED TO PROVIDE YOURSELF WITH 40,000 dollars A YEAR IN RETIREMENT WOULD YOU NEED A LUMP SUM OF SOMETHING LIKE HALF A MILLION.

Mary says IT'S A SHAME, ISN'T IT? NOT TOO MANY 20-YEAR-OLDS I KNOW ARE THINKING ABOUT RETIREMENT.

Monica says NO, THEY AREN'T. CAN YOU MAKE UP FOR IT, EVEN IF YOU DON'T SAVE UNTIL YOUR 30s. PEOPLE UP UNTIL THEIR 30s, LATE 30s THEY MAY BE PAYING FOR A HOME OR PAYING FOR EDUCATION, WHATEVER.

Mary says RIGHT.

Monica says ONCE YOU STOP DOING THAT, LET'S SAY YOU'VE PAID OFF YOUR MORTGAGE. THE MONEY GOING TO YOUR MORTGAGE COULD GO INTO YOUR R.S.P. INSTEAD. SO YOU CAN REDIRECT SOME OF YOUR MONEY AT THAT POINT IN YOUR LIFE. IF YOU GET SERIOUS ABOUT IT, CAN YOU MAKE IT UP.

Mary says THE IDEA IS NOT DOING IT AS YOUNG AS YOU CAN BUT REGULAR LAYERY, RIGHT?

Monica says YES, IT IS. DO IT REGULARLY AND TRY TO MAX UP THE AMOUNT TO AN R.S.P.

Mary says WHAT ABOUT BORROWING? IS THAT POSSIBLE TO PUT INTO YOUR R.S.P.?

Monica says YOU CAN DO THAT. MANY SUGGEST IF YOU DO THAT YOU SHOULD PAY IT OFF AS QUICKLY AS YOU CAN. LET'S SAY YOU'RE ENTITLED TO PUT 20,000 dollars IN YOUR R.S.P. THIS YEAR AND YOU DON'T HAVE THAT KIND OF MONEY LYING AROUND. IF YOU WERE IN A 40 percent TAX BRACKET BUT COULD GET A TAX REFUND OF ABOUT 8,000 dollars BY PUTTING 20,000 dollars IN. I KNOW THIS SOUNDS COMPLICATED. THE IDEA IS, IF YOU BORROWED THE MONEY, THEN YOU USE YOUR TAX REFUND TO PAY OFF THE LOAN OR PARTIALLY PAY OFF THE LOAN SO, THAT WAY, YOU'RE AHEAD OF THE GAME.

Mary says OK. WE'RE TALKING ABOUT BEING AHEAD OF THE GAME IN RETIREMENT TODAY. IF YOU HAVE ANY QUESTIONS AT ALL ABOUT PLANNING YOUR RETIREMENT OR IF YOU ARE IN RETIREMENT, HOW TO MAKE IT EASE YEAR PLEASE GIVE US A CALL. 486-2727. 1-888-481-1234 TOLL-FREE AND E-MAIL YOUR QUESTIONS TO US AT MORETOLIFE@TVO.ORG. AND WE VM RUTH ON THE LINE FROM TORONTO. HI, RUTH.

The phone numbers and email reappear briefly.

The Caller says HELLO.

Mary says HELLO. GO AHEAD.

The Caller says I HAVE A QUESTION REGARDING THE WIDOW'S PENSION. IS THAT TAKEN BACK AT AGE 65?

Monica says I'M NOT QUITE SURE WHAT YOU MEAN. IF YOUR SPOUSE HAS DIED THEN THERE'S A WIDOW IF THAT'S THE CASE BECAUSE WOMEN TEND TO MARRY MEN WHO ARE OLDER YOU WOULD BE ENTITLED TO A SURVIVING SPOUSE PENSION WHEN YOUR HUSBAND DIES WHICH IS ROUGHLY 60 percent WHAT HE WAS GETTING DEPENDING ON YOUR AGE. AND THERE ARE DIFFERENT RULES UNDER 65 WHEN THE SPOUSE DIES. IT'S QUITE COMPLICATED. BUT IT WON'T BE TAKEN AWAY FROM YOU.

Mary says DOES THAT ANSWER YOUR QUESTION?

The Caller says IT HELPS SOMEWHAT. I'M 62 and a half. I'VE BEEN ON SICK LEAVE. THEN I DEVELOPED A VISION AND I'M HOPING THAT POSSIBLY THEY CAN ADJUST MY VISION THAT I HAVE NOW. AND I HOPE CAN I GET BACK TO WORK. BECAUSE I'M LITERALLY STRANDED.

Monica says ARE YOU GETTING A SURVIVING SPOUSE PENSION?

The Caller says YES, I DO, BUT THAT COMBINED WITH SMALL... MY FIRST PACHONETTE 60 IS UNDER 500 dollars A MONTH. I CANE MAKE IT ON THAT.

Monica says NO. IF YOU'RE NOT CLEAR WHAT YOU ARE ENTITLED TO FROM THE PUBLIC PENSION PLAN THE BEST WAY TO FIND OUT IS TO CONTACT THE LOCAL INCOME SECURITY OFFICE. THEY'LL BE ABLE TO TELL YOU EXACTLY THE INFORMING THAT YOU NEED FOR YOUR PARTICULAR SITUATION.

Mary says OK. GOOD LUCK FOR THAT, RUTH.
AFTER MY DISMAY ABOUT NOT CONTRIBUTING AT AGE 20 I DID FEEL BETTER, THOUGH, WHEN I FOUND OUT ABOUT... I GUESS YOU COULD CALL IT A MYTH... THAT THERE ARE SO MANY PEOPLE THAT WILL BE WITHDRAWING FROM THE PENSION FUND, THE PUBLIC PENSION FUND THAT. THERE'S THE IDEA THAT WE'RE GOING TO RUN OUT OF MONEY.

Monica says THAT WAS A VERY PREVALENT MYTH, HAS BEEN FOR SOME YEARS. AS YOU MAY KNOW, THERE WERE CHANGES MADE TO THE CANADA PENSION PLAN THAT CAME INTO EFFECT ON JANUARY THE 1st, 1998. LEADING UP TO THAT THERE WAS A BIG DEBATE ABOUT THE CANADA PENSION PLAN. WE SAW A LOT OF STUFF IN THE MEDIA ABOUT THE PLAN RUNNING OUT OF MONEY, SO ON. NONE OF THAT WAS TRUE. I THINK THAT MYTH ORIGINATED BECAUSE PEOPLE DIDN'T UNDERSTAND HOW THE PLAN WAS FINANCED. MANY PEOPLE THOUGHT THERE WAS A BIG PART OF MONEY IN THE PENSION AND IT WAS PAID OUT OF THIS POT OF MONEY. AS MORE AND MORE PEOPLE TAKE MONEY OUT OF THE POT THERE WON'T BE ANYTHING LEFT. THAT'S NOT HOW IT WORKS. IT'S A PAY AS YOU GO PLAN. THAT MEANS THAT PEOPLE WHO ARE IN THE WORK FORCE CONTRIBUTE TO THE PLAN. AND THE MONEY COMING IN FROM THOSE PEOPLE GOES TO PAY THE PENGS OF THOSE WHO ARE RETIRED. WHAT HAPPENS, OF COURSE, AS MORE AND MORE PEOPLE RETIRE, BECAUSE OF THIS BABY BOOM GENERATION, WILL NEED TO TAKE IN MORE AND MORE MONEY FROM CONTRIBUTIONS TO PAY THEIR BENEFITS. IT BECAME AN ISSUE. HOW HIGH WILL THE CONTRIBUTION RATE HAVE TO GO TO PAY THE PENSIONS OF THIS PEOPLE WHO ARE RETIRED? IT WAS CALCULATED THAT, IN ABOUT 35 YEARS FROM NOW, WHEN THE PEAK OF THIS BABY BOOM GENERATION WAS RETIRING WE MIGHT HAVE TO BE CONTRIBUTING ABOUT 7 percent TO THE PLAN INSTEAD OF ABOUT 3 percent OR 4 percent AS IT WAS AT THAT TIME. 7 percent YOU FROM. 7 percent FROM YOUR EMPLOYER. SO THE FEDERAL PROVINCIAL FINANCE MINISTERS MET AND SAID THAT WOULD BE TOO HIGH. WE WOULD LIKE TO CAP IT AT AROUND 10 PER PERCENT, HALF PAID BY THE EMPLOYER. AT ABOUT 10 percent. HALF PAID BY THE EMPLOYER. HALF PAID BY THE EMPLOYEE. AND MUCH MORE THAN WE NEEDED SO THERE WOULD BE EXTRA CASH LEFT OVER, WHICH THEY THEN PUT IN TO AN INVESTMENT FUND. THAT INVESTMENT FUND IS NOW BEING INVESTED IN THE STOCK MARKET AND THE MONEY THAT SERBED... EARNED ON THAT FUND WILL BE COMING IN FROM THE REVENUES TO PAY THE PENSION. IN EFFECT WHAT THEY'VE DONE IS WHAT IS TECHNICALLY CALLED A PARCEL FUND. IT ISN'T THE TOTAL FUND THAT WILL PAY THE BEING PENSIONS BUT IT WILL HELP SUN LAN MEANT WHAT IS COMING IN FROM CONTRIBUTIONS. BUT IT WILL HELP SUPPLEMENT WHAT IS COMING IN FROM CONTRIBUTIONS.

Mary says WE'RE SAFE, IN OTHER WORDS.

Monica says WE'RE ALWAYS SAFE. IT IS IMPORTANT THAT PEOPLE ARE AWARE OF THAT. THE QUESTION IS NOT THAT IT WAS RUNNING OUT OF MONEY, BUT HOW HIGH COULD WE PUT UP THE CONTRIBUTION RATES BEFORE PEOPLE STARTED PROTESTING?

Mary says RIGHT. SO THE QUESTION WAS HOW WELL PEOPLE DO IN THE STOCK MARKET, IS THAT RIGHT?

Monica says THERE WAS PUBLICITY IN THE PAPER A WHILE AGO THAT THE FUND HAS LOST MONEY BECAUSE IT HAD INVESTED IN THE STOCK MARKET. AS EVERYBODY KNOWS THE STOCK MARKET HAS NOT BEEN DOING VERY WELL. BUT THE POINT BEING MADE THERE, IT'S NOT THE WHOLE FUND BEING INVESTED IN EQUITY. A GOOD PORTION IS INVESTED IN BONDS. ONLY A SMALL PERCENTAGE IS INVESTED IN EQUITY. OVER ALL THE FUND HAS BEEN DOING QUITE WELL. AND THE OTHER THING TO REMEMBER IS, REGARDLESS OF HOW WELL THE FUND DOES THE EARNINGS WILL PAY FOR 20 percent WILL PAY FOR THE BENEFITS. THE REST IS FROM PEOPLE IN THE WORK FORCE.

Mary says THAT'S REASSURING.

Mary says LET'S GO TO ANOTHER CALL. WE HAVE ED FROM TORONTO. HOW ARE YOU DOING?

The Caller says HI.

Mary says GO AHEAD.

The Caller says I LISTEN TO YOUR PROGRAM. I WANT TO SAY SOMETHING. I'M RETIRED. I RETIRED WHEN I WAS 62. THEY ACCOMPANIED ME HIM THEY GAVE ME A PACKAGE OF EARLY RETIREMENT AND...

Mary says I THINK WE JUST LOST ED. SORRY, ED. ARE YOU STILL THERE. ED? HELLO? ED. OH, I'M SORRY. WE'LL TRY TO GET YOU BACK, ED. SORRY ABOUT THAT. ACTUALLY, I WANTED TO ASK YOU SOMETHING ABOUT THAT WHOLE CAMPAIGN, ADVERTISING CAMPAIGN CALLED FREEDOM 55. HOW POPULAR IS THAT CONCEPT AMONG PEOPLE? DO WE FIND IT'S LOOKED IN TO VERY MUCH?

Monica says WELL, I LOOKED INTO THAT. THERE'S ONE INSURANCE COMPANY THAT DOES THAT AND YOU ALREADY GET FREEDOM 55 QUOTE, UNQUOTE IF YOU START AT 25.

Mary says OH, NOT THAT AGAIN.

Monica says AND AT 55 YOU PROBABLY HAVE ANOTHER 30, 35 MORE YEARS TO LIVE. AND DO YOU WANT TO BE LAYING AROUND AND YOU WANT TO SPEND THE NEXT 30, 35 YEARS OF YOUR LIFE DOING THAT? BUT THE STATISTICS THAT I MENTIONED EARLIER SHOW THAT, FOR PEOPLE WHO RETIRE PRIOR TO AGE 55 OR AROUND 55, 38 percent OF THEM WENT BACK TO WORK. THAT'S QUITE A HIGH PERCENTAGE. AND MOST OF THEM WENT BACK TO WORK BECAUSE THEY WANT SOMETHING TO OCCUPY THEIR TIME.

Mary says RIGHT, RIGHT.

Monica says YOU MAY THINK THAT YOU WOULD LIKE TO NOT WORK AT AGE 55. FOR MOST IT'S UNREALISTIC BECAUSE THEY DON'T START EARLY ENOUGH TO SAVE ENOUGH MONEY TO LIVE ON. EVEN THOSE WHO DO WILL LIKELY FIND THAT THEY ARE GOING TO ARE BORED. THAT'S WHEY TALKED ABOUT AT THE BEGINNING, IS THAT TRANSITION. IF WE THINK ABOUT THIS AS A TRANSITION AS YOU GROW OLDER RATHER THAN RETIREMENT YOU STOP WORKING, YOU NEVER WORK AGAIN, THEN I THINK WE'LL COME UP WITH MUCH MORE CREATIVE OPTIONS FOR CHANGING OUR LIFESTYLES AS WE GET OLDER.

Mary says MM-HMM.

Monica says WE MAY WANT TO CHANGE THE THING THAT WE'RE DOING. MAYBE WORK PART-TIME. DO SOME TYPE OF ACTIVITY. I THINK IT MAY BE REWARDING FOR MANY PEOPLE.

Mary says I THINK WE HAVE ED ON THE LINE.

The Caller says CAN YOU HEAR ME?

Mary says YES.

The Caller says I WORKED 25 YEARS IN ONE COMPANY. AND I RETIRED EARLY AT 62 BECAUSE THE COMPANY GAVE US AN EARLY RETIREMENT PACKAGE. WHICH I HAD TO PUT INTO R.S.P. WHEY WANT TO SAY FOR THE PENSION FOR 35 YEARS IF YOU KNOW HOW TO BUDGET, YOU CAN LIVE ON IT. WE YOU'RE NOT GOING TO SAVE MONEY, BUT YOU CAN LIVE ON IT. AND 89 PEOPLE RETIRED THE SAME DAY TO GIVE THE OPPORTUNITY TO THE YOUNG PEOPLE, WHICH THEY NEED MORE LIKE WE DO BECAUSE WE WERE STARTING THEIR LIFE. THEY NEED HOUSES, THEY NEED CARS. THEY ARE STARTING A WHOLE NEW LIFE. WE OLD PEOPLE ARE GETTING OLDER. WE DON'T NEED SO MUCH ANYMORE.

Mary says ED BRINGS UP AN INTERESTING POINT. WE HAVEN'T EXACTLY TALKED ABOUT MANAGEMENT HERE. THAT HAS A BIG ROLE TO PLAY IN ALL OF THIS AS WELL.
NOT JUST THE FACT THAT YOU HAVE A PENSION AND SET DOLLARS, BUT HOW YOU MANAGE THAT.

Monica says YES. MONEY MANAGEMENT CAN APPLY, OF COURSE, BEFORE YOU GET TO RETIREMENT AND EFFECTIVE PLANNING FOR RETIREMENT OR FOR YOUR OLDER AGE, WHAT YOU ARE GOING TO DO THEN. BUT IT CAN APPLY AND TRYING TO IMAGINE MANAGE ON MUCH LESS INCOME THAN BEFORE. MANY SENIORS DO HAVE TO CUT BACK. THERE ARE THINGS THAT YOU DON'T HAVE TO SPEND MONEY ON 4 ONCE YOU RETIRE. YOU MAY NOT HAVE TO TRAVEL TO WORK ANYMORE. YOU MAY NOT NEED THE TYPE OF CLOTHES THAT YOU NEEDED OR WHEN YOU HAD TO WEAR A PARTICULAR TYPE OF CLOTHING OR WHATEVER IT WAS. PEOPLE MAY WANT TO RETIRE OR VISIT FAMILIES OR TRAVEL OVERSEAS OR WHATEVER. I THINK WHAT THIS POINTS OUT IS THAT WHEN PEOPLE ARE THINKING ABOUT OLDER AGE THEY WANT TO THINK ABOUT THE LIFESTYLE THAT THEY WOULD LIKE TO HAVE. IF YOU ARE PLANNING IT'S NO GOOD SAYING WHEN I RETIRE I'M GOING TO TRAVEL ALL OVER THE WORLD IF YOU ARE NOT SAVING TO DO THAT.

Mary says I THINK MY GENERATION, THE MINDSET OF MY GENERATION IS SO DIFFERENT THAN MY PARENTS. THEY DO WITH A LOT LESS. I KNOW I'LL PROBABLY BE MUCH MORE DEMANDING OF MY DOLLAR WHEN I'M OLDER THAN THEY WERE.

Monica says WHAT YOU FIND AND PEOPLE FIND THAT YOU DON'T HAVE AS MUCH AS YOU THOUGHT WOULD YOU HAVE. DO YOU HAVE TO CUT BACK IN CERTAIN AREAS. YOU KNOW, YOU MAY NOT BE ABLE TO GO TO THE STORE AND BUY BOOKS, MAGAZINES. AND ON THE OTHER HAND YOU CAN GO TO THE LIBRARY. THERE MAY BE LIFESTYLE ADJUSTMENTS THAT YOU MAKE BECAUSE YOU DON'T HAVE AS MUCH TO LIVE ON AS YOU THOUGHT YOU DID. OR YOU MAY DECIDE, WELL, I REALLY CAN'T MANAGE ON THIS MUCH MONEY. I'LL TRY AND FIND A PART-TILE... PART-TIME JOB OR SOME OTHER WAY TO SUPPLEMENT MY PENSION WHICH PEOPLE DO, I GUESS.

Mary says RIGHT. PEOPLE THINK THEY'RE GOING AFTER A YOUNGER MARKET. IT'S YOUNG, YOUNG, YOUNG ALL THE TIME THERE. ARE SOME SECTORS THAT TRY TO LURE IN OLDER PEOPLE.

Monica says YOU MEAN WITH PRODUCTS AND STUFF?

Mary says WELL, JOBS. YOU MENTIONED WAL-MART. I THINK THAT IS VERY INTERESTING.

Monica says THERE ARE TWO SIDES TO THAT. ONE IS THOSE COMPANIES THAT WANT TO EMPLOY SENIORS CAN GET AWAY WITH PAYING THEM LESS THAN THEY WOULD YOUNGER PEOPLE, BECAUSE THEY ASSUME THAT THESE SENIORS HAVE SOME KIND OF PENSION SO WE DON'T HAVE TO PAY THEM AS MUCH BUT, ON THE OTHER HAND, THE POSITIVE SIDE OF IT, I GUESS, IS THAT FOR THE SENIORS WHO ARE TAKING THOSE JOBS, IT GIVES THEM AN ACTIVITY, SOCIAL INTERACTION WITH OTHER PEOPLE. IT GIVES THEM SOMETHING THAT THEY MAY FIND QUITE REWARDING TO DAY.

Mary says THERE'S TWO SIDES TO EVERY CARD, FOR SURE. WE'VE GOT MARGE ON THE LINE FROM THUNDER BAY. HELLO, MARGE.

The Caller says HELLO.

Mary says YES? DO YOU HAVE A QUESTION?

The Caller says YES, I HAVE. FROM WHAT I UNDERSTAND I'LL BE RETIRING SOON. I HEAR THAT, WHEN I START TO TAKE OUT OF MY R.S.P. I WILL LOSE 30 percent RIGHT OFF OF THE BAT THEN AT THE END OF THE YEAR VERY TO PAY INCOME TAX ON IT WHEN I SPEND IT I HAVE TO PAY G.S.A., G.S.P. ALL OF THAT. IS IT WORTH IT TO TAKE IT? I KNOW DURING THE YEAR IT IS. BECAUSE AT THE END OF THE YEAR I GET MY REDUCTION. BUT AT THE END OF... WHEN I START TAKING IT OUT, I THINK THAT YOUNGER PEOPLE ARE BEGINNING TO THINK I HAVE TO LOSE 30 percent. WHY BOTHER?

Monica says WELL, YOU DON'T LOSE 30 percent. IF YOU ARE TALKING ABOUT TAKING MONEY OUT OF YOUR R.S.P. IN A LUMP SUM, THE FINANCIAL INSTITUTION THAT HOLDS YOUR PLAN IS REQUIRED TO WITHHOLD A CERTAIN AMOUNT BECAUSE WHAT YOU TAKE OUT OF YOUR R.S.P. IS TAXABLE. BUT IF YOU WANT YOUR R.S.P. TO PROVIDE AN INCOME FOR YOU YOU CAN CONVERT IT TO WHAT IS CALLED A REGISTERED RETIREMENT INCOME PLAN, WHICH WILL PAY YOU A REGULAR INCOME EVERY YEAR. THAT CAN BE YOUR PENG. YOU SHOULD ALSO KEEP IN MIND, OF COURSE, THAT THAT OF COURSE THAT INCOME IS TAXABLE. WHEN YOU PUT THE MONEY INTO YOUR PLAN YOU WERE ALLOWED TO DEDUCT THE WHOLE AMOUNT THAT YOU PUT IN, FOR TAXATION PURPOSES SO YOU GOT YOUR TAX REDUCTION THEN. THE DAY OF RECKONING IS WHEN YOU TAKE THE MONEY OUT. WHETHER YOU TAKE THAT OUT AS A LUMP SUM OR REGULAR INCOME.

Mary says I'M SORRY TO INTERRUPT, MONICA. WE'RE JUST OUT OF TIME. THANKS FOR THE INFORMATION.

Monica says MY PLEASURE.

Mary says MONICA TOWNSON IS AN ECONOMIST AND HAS AN EXPERTISE IN THE AREA OF PENSIONS AND SHOWCASES THAT IN HER BOOK... "INDEPENDENT MEANS: A CANADIAN WOMAN'S GUIDE TO PENSIONS AND A SECURE FINANCIAL FEATURE."

A picture of the book appears briefly on screen. The cover is purple.

Mary continues IT'S PUBLISHED BY MCMILLIAN CANADA. THOM ERNST IS COMING UP. FIRST, IT IS THE ULTIMATE HOUSECALL. FOR PEOPLE IN THE NORTH, SEEING A MEDICAL SPECIALIST MEANS SPENDING MONTHS ON A WAITING LIST AND, ALSO, HOURS ON THE ROAD. BUT THE CANADIAN NATIONAL INSTITUTE FOR THE BLIND HAS CHANGED ALL OF THAT. EVERY YEAR IT TRAVELS 6,000 KILOMETRES TO TAKE EYE DOCTORS TO THEIR PATIENTS. LAST YEAR STUDIO 2 CAUGHT up with the C.N.I.B. AND DID THEIR EYE MOBILE IN KIRKLAND LAKE. TAKE A LOOK.

A clip plays on screen with the caption "."
In the clip, a large white truck drives down a winding road flanked by piles of snow.

A song says
ROLLING, ROLLING ROLLING ROLLING ROLLING...

Inside the truck a woman with short blond hair drives. Another woman sits by her side.

A female voice says
THE SEEING EYE VAN IS ON THE ROAD BETWEEN THE MONTHS OF MARCH AND NOVEMBER. WE SEE PROBABLY OVER 5,000 PATIENTS EVERY YEAR.

A caption appears on screen. It reads "Kate Neil. Nurse, CNIB Eye Mobile."

Kate, the blond driver in her thirties, says
WE GO WHERE OPHTHALMOLOGY IS NOT AVAILABLE.

The caption changes to "Cristine Morrhouse. Nurse, CNIB Eye Mobile."

Cristine, in her thirties, with short brown hair says
ANYBODY WHO HAS EYE PROBLEMS, DISEASE, ANYTHING LIKE THAT CAN CONTACT THEIR FAMILY DOCTOR AND GET AN APPOINTMENT. WE WOULD THEN SEE THEM.

In a small city, the truck turns around a corner.

Kate says VISIT 307 COMMUNITIES ACROSS THE TERRITORIES. EVERY TOWN HAS THEIR OWN LITTLE TEAMS. WE HAVE SERVICE CLUBS, PREDOMINANTLY THE LIONS. THERE'S ROTARY AND REBECCA LODGE THAT LOOK AFTER ALL OF OUR ARRANGEMENTS. SO THEY FIGURE OUT WHERE WE'RE GOING TO PARK, THE ELECTRICAL HOOKUP, THE VOLUNTEER WHO'S PREREGISTER THEIR PATIENTS. THEY DO ALL OF THE TIESING IN ADVANCE. THERE THIS IS A HUGE AMOUNT OF WORK TO COORDINATE. WITHOUT ALL OF THESE PARTNERS WE WOULD NEVER BE ABLE TO GET ALL OF THIS WORK DONE.

Fast-motion clips show the staff setting up the parked truck, adding a ramp and a small staircase, and prepping ophthalmology equipment inside the truck.

Cristine says WE USUALLY SEE 40 PEOPLE IN A DAY. SO WE SEE ROUGHLY ABOUT 180 PEOPLE IN A WEEK.

Talking to a woman in her fifties, Kate says YOU NEVER HAD SURGERY ON YOUR EYE, DID YOU?

The woman says NO.

Kate says HAVE YOU HAD ANY SERIOUS HEALTH TROUBLES SINCE THEN?

The woman says YERK A STROKE.

Kate says WHEN DID YOU HAVE A STROKE?

The woman says LAST YEAR.

Kate says 2000?

The woman says YES.

In an interview, Kate says THE MAIN PURPOSE OF THE VISUAL SCREENING AREA IS TO GET SOMEONE'S BASIC EYES, VISION, WHAT THEY'RE SEEING AND GET A BASIC HEALTH HISTORY BEFORE THE DOCTOR SEES THEM.

As she tends to the woman, Kate says
AS YOU'RE LOOKING DOWN THROUGH YOUR BIFOCAL BOTTOM OF YOUR GLASSES.

A woman sits in an office.

A caption reads "Monique Pilkington. Manager, CNIB Eye Mobile."

Monique, in her thirties, with long wavy brown hair, says THE SEEING EYE BAND IS EQUIPPED WITH STATE OF THE ART VICTIM ON THE VAN. ANYTHING WOULD YOU FIND IN A DOCTOR'S OFFICE IN TORONTO OR OTTAWA YOU WOULD PROBABLY FIND HERE. IT'S A VERY COMPACT SPACE, BUT WE HAVE PRETTY MUCH EVERYTHING THAT THE DOCTORS WOULD NEED TO DIAGNOSIS AND TREAT. WE CAN EVEN PERFORM SOME SURGERY HERE. ALSO, ANY SMALL PROCEDURES THAT CAN BE PERFORMED UNDER a LOCAL anesthetic. WE CALL IT LUMPS AND BUMPS. THAT SORT OF THING.

The caption changes to "Doctor Martin Tenhove. Ophthalmologist."

Martin, in his thirties, clean-shaven, with short brown hair, says WHAT WE DO ON THE EYE VAN IS LOOK FOR DISEASES. WE SCREEN, IN PARTICULAR, FOR DISEASES WE CAN DO SOMETHING ABOUT. I REMEMBER QUITE A FEW PEOPLE THAT HAVE BEEN VERY, VERY THANKFUL THAT THEIR DIABETES WAS DETECTED AT AN EARLY AGE AND THEY WERE ABLE TO HANG ONTO THE VISION THAT THEY NOW STILL HAVE. AT THE TIME THEY CAME NOT SUSPECTING ANY PROBLEM AT ALL.

Speaking to the same woman seen before, he says
THE DIABETES, ALSO, IS CAUSING PROBLEMS WITH REGARDS TO YOUR READING VISION IN THE BACK OF THE EYE IT HASN'T CAUSED ANY PROBLEMS AT ALL.

The caption changes to "Ginette Pothier. Patient."

Ginette, the woman seen before, says THEY'RE FANTASTIC PEOPLE. THE NURSE HAS KNOW HOW TO GREET YOU, MAKE YOU AT EASE.

Monique says THERE'S ABOUT 20 DIFFERENT DOCTORS WHO CAME TO THE EYE VAN THE TWO NURSES WHO WE TRAINED TO BECOME TRUCK DRIVERS. THE FIRST THING WE DO. THEY TAKE THE UNIT FROM TOWN TO TOWN AND SET UP THE CLINIC.

A clip shows Kate checking the truck tires.

Then, she says WE CHECK THE AIR BRAKES, MAKE SURE THERE'S NOTHING IN THERE.

As she drives, she says BOTH OF US HAVE OUR LICENSES. WE SIGNED OUR CONTRACT. GET GOING. YOU'RE GOING OUT TO THE TRUCK YARD. SO IT'S KIND OF FUNNY. DIDN'T THINK IT WOULD BE THAT IMPRESSIVE.

A small disco ball dangles from the truck ceiling.

Cristine says WE BOUGHT THE DISCO BALL LAST YEAR. WE STOPPED IN FOR LUNCH. THIS GIVE IT IS A LITTLE BIT OF SPUNK, FUN. THERE'S FLASHING LIGHTS IN HERE. IT'S SOMETHING THAT MAKES THE TRUCK OURS.

Kate says WE LIKE TO SAY IT'S MORE ABOUT LIFE THAN JUST A JOB. WE SAW SCENERY OF ONTARIO NORTH, WHICH IS A GOAL OF MINE AND LEARNED SO MUCH.

Pictures of the two women posing in different places flash by quickly.

Cristine says SOMEBODY ALWAYS ASKS THAT WHEN YOU GET SOMEWHERE, WHERE IS YOUR FAVORITE? KATE AND I SAT DOWN LAST YEAR AND WENT I CAN'T PICK A FAVORITE. BECAUSE EACH ONE HAS ITS OWN UNIQUE QUALITY ABOUT IT, WLZ WE HAD GOOD WEATHER OR WE WENT FISHING OR HIKING.

Monique says IT'S NOT A JOB FOR EVERYBODY. IT'S REALLY A LIFESTYLE CHOICE AS WELL AS A JOB. BECAUSE YOU'RE MAKING SUCH A HUGE COMMITMENT.

Cristine says MY RELATIONSHIP IS PROBABLY COLLEAGUES, CO-WORKERS. IT COVERS SUCH A WIDE RANGE OF DESCRIPTIONS IT'S HARD TO GIVE IT ONE WORD. WE SPEND ALL OF OUR TIME TOGETHER, HAVE A GOOD TIME. WE'RE ALWAYS LAUGHING, HAVING A GREAT TIME.

Now in a room an elderly woman with curly white hair sits at a table and says RIGHT IN THE MIDDLE THERE, GEORGE. HI. HOW ARE YOU?

A caption appears on screen. It reads "Bertha Boisvert. CNIB Volunteer."

Bertha, in her eighties, says I'VE BEEN 57 HE YEARS. I'VE BEEN SO LONG THAT I PRETTY WELL KNOW HOW IT WORKS. THERE'S VERY FEW NEW FACES. THEY'VE BEEN COMING HERE FOR YEARS.

Monique says WE HAVE OVER 350 VOLUNTEERS ACROSS NORTHERN ONTARIO. THEY DO A VARIETY OF JOBS FOR US. THEY ARE ALL SO DEDICATED TO THE EYE VAN. WHAT'S REALLY NEAT ABOUT IT IS THAT, WHEN WE COME TO THEIR TOWNS, THE EYE VAN IS THEIRS FOR THE WEEK.

In a room with gauging equipment, Martin says MARY, PLEASE.
WHAT WE'RE GOING TO DO IS JUST TAKE A LOOK, FIRST OF ALL. STAND RIGHT UP ON THE PAPER STRIP WITH YOUR FOREHEAD TYING AGAINST THE PLASTIC BAR.

He examines an elderly woman's eyes.

A caption reads "Mary and Norm Melong."

Mary is in her eighties.

Norm, in his fifties, says SHE'S NOT COMPLAINING BECAUSE SHE COULD SEE. IF SHE HAD A CATARACT SHE COULD NOT SEE AT ALL. THEY WERE REMOVED AND THE SURGEON CAME UP AND DID ONE IN KIRKLAND LAKE. IN COMPARISON SHE CAN SEE WELL.

Mary says I'M QUITE HAPPY.

As he checks Mary, Martin says OK. IS SIT BACK FOR ME.

Monique says NORTHERN ONTARIO HAS TOO MANY SMALL COMMUNITIES TO BE ABLE TO SUPPORT FULL-TIME OPHTHALMOLOGISTS. WAITING LISTS ARE FAR TOO LONG. YOU WAIT SIX MONTHS OR A YEAR, SOME ARE EVEN LONGER TO GET IN TO SEE A SPECIALIST. IT'S MUCH MORE IMPORTANT THAT THE EYE VAN CONTINUES TO BRING THE ESSENTIAL EYE CARE SERVICES TO THE AREA OF ONTARIO.

Martin says LET'S GET YOU TO LOOK TOWARD THE DOOR.

Norm says WE WOULD HAVE TO TRAVEL BETWEEN NORTH BAY, QUEBEC. I THINK THAT'S GREAT.

Monique says THAT WOULD BE LIKE GOING TO YOUR DOCTOR, PUTTING 20 dollars ON YOUR DESK. THE SERVICE IS SO IMPORTANT TO THESE PEOPLE THAT THEY WANT TO MAKE SURE THAT THE SERVICE CONTINUES.

Cristine says ONCE YOU ARE FINISHED WITH THEM AND YOU TELL THEM THAT THEIR EYES ARE HEALTHY AND YOU'VE ARRANGED FOR THEM TO SEE SOMEBODY ELSE TO GET IT FIX YOU'RE LIKE THANK YOU VERY MUCH. I DON'T KNOW WHAT I WOULD HAVE DONE WITHOUT YOU. WHEN SOMEONE SAYS THANK YOU THEY MEANS THE BIGGEST THRILL BECAUSE I'VE DONE MY JOB.

The song plays that says
ROLLING, ROLLING ROLLING...

The clip ends.

Back in the studio, Mary says WELL, THERE IS A NEW CRIME CAPER OPENING AT MOVIE THEATERS TODAY. YES, RESIDENT MOVIE REVIEWER, THOM ERNST, GOT AYE A SNEAK PEEK OF "BE BANDITS" WITH BILLY BOB THORNTON, BRUCE WILLIS.

Thom is in his thirties, clean-shaven, with short wavy brown hair. He's wearing a red sweater.

Mary continues IF WE TAKE BILLY BOB, BRUCE WILLIS AND KATE BLAMPBLGET HOW DO WE LOSE?

The caption changes to "Thom Ernst. Movie Critic."

Thom says KATE BLANCHETT PRETTY MUCH STOLE MY HEART IN THE FILM. WE HAVE TWO MEN WHO ARE EX CONS AND THEY ESCAPE FROM PRISON. THEY ARE NOT VILLAINESS BANK ROBBERS.

Mary says THEY'RE LOVABLE?

Thom says THEY'RE LOVABLE BANK ROBBERS. WE'VE MET THEM BEFORE. THEY ARE NICKNAMED THE SLEEPOVER BANDITS. WHAT THEY DO IS THEY KIDNAP THE BANK MANAGER THE NIGHT BEFORE AT HIS HOME AN FOLLOW HIM TO WORK IN THE MORNING BEFORE EVERYBODY COMES, ROBS THE BANKS THEN. OF COURSE, THEY DON'T START OFF THAT WAY. THEY HAVE A SORT OF BUMPY START WHICH I THINK WE'LL SEE IN THEIR FIRST ATTEMPT. WHICH IS WHY THEY THOUGHT, OK, YOU KNOW WHAT? MAYBE WE HAVE TO COME UP WITH ANOTHER WAY OF DOING THAT.

Mary says OH, OK. WE'LL TAKE A LOOK. HERE'S A CLIP.

A clip plays on screen with the caption "Courtesy MGM Pictures."

In the clip, two men travelling in a red car stop suddenly.

The passenger, balding and wearing glasses, says JOE, LET'S DISCUSS THIS FOR A MINUTE. I KNOW MONEY IS ON THE LIST.

Joe, with long brown hair, says IT'S AT THE TOP OF THE LIST.

He grabs a magic marker from the glovebox and says BINGO.

The passenger says BINGO WHAT?

As Joe gets out of the car, the passenger says
YOU'RE GOING TO KNOCK OVER A BANK WITH W A MAGIC MARKER? WHAT ARE YOU GOING TO DO, WRITE ON THEM? DWONT HAVE A PLAN. HAVE YOU TO HAVE SOME TYPE OF A PLAN TO ROB A BANK.

He follows Joe over to the entrance of a bank.

He continues says WE'RE WEARING MATCHING UNIFORMS THAT SAY "INMATE" ON THEM. UNLESS THESE PEOPLE ARE BLIND, I DON'T THINK THIS IS GOING TO WORK. DO YOU UNDERSTAND?

They step into the bank.

Joe holds the magic marker against the back of the neck of the armed guard and says TAKE OUT YOUR GUN. HAND IT TO ME SLOWLY.

The guard hands over his gun.

Joe hands over the gun to his sidekick, then paces around the bank lobby and loudly says
HERE WE GO, HERE WE GO. LADIES AND GENTLEMEN, WE'LL BE OUT OF YOUR WAY. NO PHONE CALLS OR ALARMS. CASH DRAWER OPEN. TAKE A BAG, FILL IT WITH CASH. CASH, PLEASE. MA'AM, IS THERE ANY OTHER CASH IN THE BACK?

A female teller says NO.

Joe says ARE YOU SURE? ARE YOU TELLING ME THE TRUTH?

The teller says I'M TELLING YOU THE TRUTH.

Joe says YOU LOOK VERY HONEST.
QUICKLY, PLEASE.

His sidekick, while pointing the gun at the guard, says We MADE NO PLANS WHATSOEVER FOR THIS.

As the bank staff loads bags with money, Joe says THANK YOU. THANK YOU. I'LL TAKE THAT. THANK YOU VERY MUCH.

He takes the bags of money and stops to stare at an attractive young woman with wavy brown hair.

He touches her hand and says THERE'S NEVER ENOUGH TIME WHEN YOU'RE WORKING.

The clip ends.

Mary says BILLY BOB STRIKES ME AS BEING A JACK LEMONY TYPE OF GUY.

Thom says THAT'S A GOOD WAY OF PUTTING IT. HE'S A HYPO-CONNED RYE ACTION. HE'S A HYPOCHONDRIAC. THEY ARE BICKERING THROUGHOUT THE FILM. BRUCE WILLIS DOES THAT SORT OF CHARM THING ON EVERY WOMAN HE MEETS. I'M A LITTLE... I'M NOT CONVINCED THAT STEALING A WOMAN'S CAR SAYING THAT'S A LOVELY DRE THAT ALL OF A SUDDEN IT'S GOING TO BE OK TO TAKE HER CAR. THIS FILM WANTS US TO BELIEVE THAT THEY HAVE THAT TYPE OF CHARM T.CARRIES IT THROUGHOUT THE MOVIE. THE AUDIENCE THAT I SAW IT WITH LAUGHED QUITE A BIT. THERE ARE FUNNY CLIPS. DOES IT CARRY OUT THROUGHOUT THE FILM? I THINK NOT. WE'VE SEEN THIS MOVIE BEFORE. IT'S A TIRED FORMULA. THEY REALLY DON'T DO ANYTHING TO BREAK OUT OF THAT FORMULA. YOU WILL GET A STANDARD LAUGH.

Mary says HOW MANY WEEKS HAVE YOU BEEN COMING IN WITH ME NOW?

Thom says WE'LL FIND SOMETHING GOOD. EVEN THE MOVIES FOR OSCAR INFORMATION NOMINATION AREN'T OUT YET.

Mary says THAT'S THE PROBLEM. THERE HASN'T BEEN A LOT OF CHOICE OUT THERE.

Thom says THERE HASN'T BEEN A LOT OF CHOICE. THINGS HAVE GOTTEN PREEMPTED THIS. IS TRADITIONALLY A BAD TIME FOR MOVIES.

Mary says HOWEVER, THERE IS A NEW D.V.D. A CLASSIC. IT LOOKS AT CRIME FROM THE OTHER SIDE OF THE LAW, RIGHT?

Thom says YES. THIS CAME OUT A FEW WEEKS AGO. "THE FRENCH CONNECTION." WE TALK ABOUT ANYBODY LESS THAN CHARMING. NOBODY COULD BE LESS THAN CHARMING THAN GENE HACKMAN IS GREAT. AND POPEYE DOYLE IN THIS CASE BASED ON A TRUE STORY THIS. IS ABOUT A DRUG SMUGGLING THAT HAPPENED, I GUESS, IN NEW YORK CITY. THESE TWO STREET COPS I THINK 32 MILLION dollars.

He holds up a DVD case for the movie "The French connection."

Mary says OK. WE'VE GOT A GREAT SCENE FROM THE MOVIE SO LET'S TAKE A LOOK AT THIS.

In a clip, a train passes by. Then, we zig-zag down a street at high speed avoiding traffic.

[HORNS BEEPING]

A caption reads "Courtesy Fox Home Entertainment."

A young man drives an old car under a railroad bridge. He speeds to follow the train, then swerves to avoid hitting a truck coming in the opposite direction. As he continues chasing the train he angrily bangs on the steering wheel beeping the horn. He tears across a street narrowly avoiding several cars crossing from right to left, then avoids oncoming traffic. As he continues to speed, a woman crosses the street in front of him pushing a stroller. The man swerves and crashes into a pile of trash.

The clip ends.

Mary says DOES EXPRESSWAY COME TO MIND?

Thom says YOU DON'T WANT THEM THERE. THE BUST ITSELF HAPPENED IN 1963 WHICH IS WHEN POPEYE DOYLE, THE CHARACTER EXISTED. A DIFFERENT TYPE OF CRIME FILM THIS. WAS ONE OF THE FIRST DOCUMENTARY-STYLE FILMS DIRECTED BY WILLIAM FRIEKEN WENT ON TO "THE EXORCIST." HE WAS A DOCUMENTARY FILMMAKER BEFORE THIS FILM.

Mary says OK. THE GRANDDADDY OF CRIME FILMS "THE GODFATHER" ON D.V.D. WHAT IS SPECIAL ABOUT THIS?

Thom says WELL, OTHER THAN THE FACT THAT IT'S "THE GODFATHER." YEAH.

Mary says YEAH.

Thom says IT'S ALL THREE FILMS. WHAT IS SPECIAL ABOUT THIS. THIS IS AMAZING D.V.D. YOU HAVE WONDERFUL PICTURE QUALITY AND A COMMENTARY BY FRANCES FORD COPPOLA THROUGH ALL THREE FILMS, DOCUMENTARIES ON THE FILM AND HAVE A WHOLE LOT ON THE CORRONORALE FAMILY AND DELETED SCENES.

He holds up a black DVD box that reads "The Godfather."

Mary says OK. LET'S TAKE A LOOK. IS THIS ONE OF THEM?

Thom says YES FROM "THE GODFATHER."

Mary says ALL RIGHT. ONE OF THE DELETED ONES.

A clip plays on screen with the caption "Courtesy Paramount Pictures."
In the clip, in daytime, a young man walks an elderly man in a large backyard.

The young man faces the older man and says WHAT ABOUT IT, SONNY? WHAT ABOUT IT?

The older man speaks unintelligibly.

The young man says WON'T THEY TAKE THAT AS A SIGN OF WEAKNESS?

The older man says IT IS A SIGN OF WEAKNESS.

The young man says YOU GAVE YOUR WORD THAT YOU WOULDN'T BREAK THE PEACE. I DIDN'T GIVE MINE. MRUP DON'T HAVE TO HAVE ANY PART. I TAKE ALL RESPONSIBILITY.

The older man says IT'S THE WRONG TIME TO TALK ABOUT IT NOW.

The clip ends.

Mary says I NOTICE YOUR EYES WERE GLAZING OVER DURING THAT.

Thom says HOW COULD YOU CUT THAT SCENE OUT? FRANCES WILL TELL YOU WHY THEY CUT THAT OUT.

Mary says WHICH IS THE BEST?

Thom says OF ALL THREE?

Mary says YES.

Thom says I'LL SAY TWO. IT'S ONE LONG BEAUTIFUL POEM. IT'S A WONDERFUL FILM TO WATCH.

Mary says WHAT IS COMING UP SATURDAY NIGHT AT THE MOVIES?

Thom says "THE LONG GOOD-BYE" AND "MALTESE FALCON."

Mary says THANK YOU, THOM. YOU CAN READ THOM'S REVIEWS AT WWW.TVO.ORG/MORETOLIFE. THAT IS IT FOR TODAY'S SHOW. TOMORROW ON THE BEST OF MORE TO LIFE WHAT DOES TIGHTENING UP OUR immigration POLICIES MEAN FOR US HERE AND FOR THOSE TRYING TO GET IN? AND THEN A LOOK BEHIND THE SCENES AT THE PHENOMENON ON THE ANTIQUES ROADSHOW. THEN MONDAY YOU CAN FIND OUT WHAT WOMEN ARE MISSING IN THEIR DIET. IT SHOULD BE A GREAT SHOW. THANKS FOR WATCHING TODAY. HAVE A GREAT WEEKEND!

The end credits roll.

Host-Producer, Mary Ito.

Executive Producer, Patricia Ellington.

Senior Producer, Cathy Perry.

Director, Vivien Kingsland.

A production of TVOntario. Copyright 2001, The Ontario Educational Communications Authority.

A slate reads "The advice given in the preceding program is of a general nature only. Viewers should consult their own financial advisor for financial advice specific to their circumstances."

Watch: Retirement - Eye Truck EFP - Movies