Retirement investing just isn’t what it used to be.
Back in the day, Canadians could pay their bills, send their kids to school, take on a mortgage, and address all their financial obligations, and still have enough to build healthy emergency funds, invest for a comfortable retirement, and maybe even leave a legacy.
Today, daily expenses take a much larger bite out of people’s income. And as they contend with longer life expectancies, shrinking paychecks, and a growing debt burden, just to name some new headwinds, the need for investments to provide income in retirement is becoming ever clearer.