Retirement age protests in France shed light on new retirement realities: Canadian experts
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“I think retirement as a general concept is changing a lot. The idea of leaving school when you’re 19 or 20 years old, you go work in a factory, you stay there for 30 years, they give you a gold watch and a pension, and then you sit on the front porch whittling for a few years until you die. That’s just not the norm,” Gormely told Global News., which is “a monthly, taxable benefit that replaces part of their income when one retires and receives it for the rest of their life.
“It’s not that much money. And if that’s the only money that you have, you’re going to have a hard time, so, if anything, that underscores how important it is for people to be preparing for their retirement outside of what they can expect from the government,” Gormely said.“Saving up your own money to take care of yourself in the future is going to be very important for those of us who don’t have company pensions.
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