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Originally Posted by Slava
Well the thing is no one wants to read that advice. People don’t want to hear that in person, let alone read it in the newspaper.
Years ago though, that scenario might have worked....people would work until 65 and die at 70-75. They were content to spend that 5-10 years doing very little and maybe taking a trip or two. We demand more now though and want to retire earlier and do everything possible during that initial 10-15 years. It’s a different world!
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That’s all true. But I’m confident that the second scenario is a lot closer to typical for Canadians than the first. The retirement lifestyle we promote and treat as normal is unattainable for half of Canadians.