Topic RSS
This updated rule of retirement saving has you working longer, running out of money sooner
September 12, 2018
8:59 am
8:59 am
Top It Up
Member
Members (temp break)
Forum Posts: 1363
Member Since:
December 17, 2016
December 17, 2016
Offline
From Rob Carrick in the Globe and Mail -
This updated rule of retirement saving has you working longer, running out of money sooner
September 12, 2018
2:46 pm
2:46 pm
Loonie
Member
Members
Forum Posts: 9396
Member Since:
October 21, 2013
October 21, 2013
Offline
I think it would be unwise to count on a plan that requires you to die by age 90 - unless you already have a terminal illness.
I knew someone who had thought she would have enough but ran out of money at 92. Her father had died in his 40s and her mother in her early 80s.
Beware also of children who insist on putting you in a retirement home prematurely. Those things are very expensive and can drain assets.
Please write your comments in the forum.