Quote:
Originally Posted by V
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.
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Also factor in the home being paid for, which eliminates a good % of your expenses, and it would allow you to downsize or sell outright if needed for economic reasons.
Like like a king for the last 5 years of your life in a rental property!