Quote:
Originally Posted by CliffFletcher
Up until the last 20 years or so, most middle-class Canadians enjoyed secure and guaranteed pension plans, either from their private employers of government plans. And back in my grandparent's day, people didn't expect to live beyond 70 or so, which meant a pension was something to make the final 10 years or so of your life comfortable..
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Did they have company match on RRSP (401k), retirement plans like RESP (IRA) and other company retirement plans (other then pension) 20 years ago? If not, I think this is the new retirement plan; rather then pool resources and pay for the old gen, I guess the new plan is take care of yourself but give them assistance and motivation to save. There is certainly options for this generation to save for retiremen, its just the format of how its done is changed.