Quote:
Originally Posted by Slava
That article also says that its about $22k-$27k per year to live in most Canadian cities. That seems like a huge stretch!
Thats not to suggest that its impossible, but its not quite what I have in mind for my retirement. I just think that there are a lot of baby boomers who will get a rude awakening as their retirement nears. If I had a nickel for every guy who "has his retirement in his house" and just plans to sell the house and downsize I could probably retire today!
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If you define living as "not dying" that's possible. In Calgary half of that is rent, (or property tax/utilities/insurance are close if you own a place). Even counting the borderline free senior transit passes as transportation, that doesn't leave much for anything other than food and basic necessities.
But I wouldn't call that the golden years by any stretch.