ICYMI: Canada no longer among best countries for retirement in one of worst years ever to retire — via financialpost Canada Economy Retirement
Financial Post Top Stories
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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian NHL stars weigh in on a summer of Hockey Canada scandals: 'It's sad'HENDERSON, Nev. — Connor McDavid has answered the call to wear Canada’s red Maple Leaf throughout his career.
Read more »
What to watch on Netflix Canada this weekendIncluding the latest season of The Handmaid’s Tale
Read more »
Former bigwig in outlawed Palestinian terrorist group wins yet another chance to stay in CanadaIssam Al Yamani was a member of a designated terrorist group when he moved to Canada and his status as a threat has been legally challenged for 34 years
Read more »
Dozens of cyberespionage operations perpetrated against Canada since 2010: studyAnalysis identifies at least 75 foreign digital operations directed at Canada, from attempts to steal COVID-19-related research to the targeting of Uyghur human rights activists.
Read more »
What's open and closed across Canada on Sept. 19, the day of the Queen's funeralA variety of federal, provincial and other services across the country will be unavailable Monday as workers pay their respects to the late Queen Elizabeth II. CTVNews.ca has put together a list of closures.
Read more »
Navdeep Bains: Keeping up with the Bidens — Canada needs to up its climate change gamePresident Biden’s recent climate change actions are a game\u002Dchanger, and Canada needs to find a way to respond, writes Navdeep Bains. Read on
Read more »