Quote:
Originally Posted by Slava
That's a pretty paltry retirement of basically $20k a year in todays dollars....
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Add in about $25,000 of today's dollars for OAS and CPP, and it's not bad at all. If you have no debt obligations you should be able to retire quite comfortably on $45,000 of today's dollars.
I think the big problem we're seeing now is that none of the boomers seem to have those debt obligations taken care of, so retirement becomes an impossibility.