Quote:
Originally Posted by Slava
You're right, you don't NEED 135% but there is a disconnect that I probably didn't explain well enough. When people look towards retirement they think that 70% of their wage will be enough. That makes sense until they suddenly have an extra 8 hours a day to fill....for a lot of people that time is filled with spending money one way or another.
I do agree that some people can make due on $25k per year, but these are not people who saved their whole lives. These are people who relied on the forced savings of CPP, etc. and for one reason or another didn't or weren't able to save more.
|
I agree with this. People generally have big plans for their retirement. I don't think the requirements will always be 100% of pre-retirement income, but I think there will be periods of time that it will.