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This updated rule of retirement saving has you working longer, running out of money sooner
September 12, 2018
8:59 am
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From Rob Carrick in the Globe and Mail -

This updated rule of retirement saving has you working longer, running out of money sooner

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-this-updated-rule-of-retirement-saving-has-you-working-longer-running/

September 12, 2018
2:46 pm
Loonie
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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.

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