Quote:
Originally Posted by RichieRich
Financial Post has an ongoing series on personal finance. To be clear nobody knows how they choose their examples however it’s quite clear they usually get to review the finances of above average earning folks who typically receive pension(s). If nothing else they’re good examples of why well paying jobs and pensions are supreme to high retirement incomes. Also they only use a 3% annual return on investments.
https://financialpost.com/category/p...amily-finance/ |
I really dislike those profiles. They are almost always people who will end up with no problems retiring. Occasionally they’ll throw in one basket case who will never retire and probably die poor.
This is how most of them read to me:
“Lets meet a couple we’ll call John and Rebecca, they have a paid off house and a condo they currently rent out, John has a pension that will provide $80k per year in retirement, and Rebecca will continue to work until 68, and brings home $10k a month. They plan to sell the house and move into the condo, but they want to know if they can make retirement work without the extra rental income..”