Recently we found some interesting articles regarding saving for retirement and whether Canadians are preparing and will have enough savings to support them in their retirement. We at Vandermeer Wealth Management find it interesting that depending on who does the research the information provided could be quite different. Some suggest Canadians are on track, while others are more on the side that Canadians are headed for trouble as they prepare for retirement.
Please read the following 3 articles to gain some insight into which article might best describe your retirement:
- Millions of Canadians headed for ‘trouble’ in retirement: CIBC report
- Younger workers more likely to see less income in retirement
- Canadians reasonably well-prepared for retirement
and then read our latest article:
Keys to a Comfortable Retirement »
In this latest article we highlight sustainable withdrawal rates, the 4% “rule of thumb” and understanding what the actual rate of withdrawal will be when you retire.