Posthaste: Canada no longer among best countries for retirement in one of worst years ever to retire

Canada drops out of ranking of top 10 best places for retirement security

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The main reasons for the drop, Natixis IM said, are a decline in financial well-being and happiness, increased tax burdens, a rapidly aging population and environmental factors, such as a lack of biodiversity. Amid those challenges, retirees in Canada are making some big mistakes when it comes to their financial planning, leaving them vulnerable to affordability issues, Natixis IM said. For example, 65 per cent are underestimating their life expectancy, and 61 per cent haven’t considered how much inflation will impact their finances. To add to that, 60 per cent aren’t planning for additional health-care costs. Still others lack understanding over where their retirement income is coming from.

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fpinvesting /  🏆 43. in CA

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