[Slava]

Originally Posted by CaptainYooh

This 2022 Retirement Update Guide came up from JPMorgan Bank today, so I thought it was somewhat relevant to this thread. Even though it is aimed at the Americans, the points are relevant. In essence, people are expected to live longer and spending is expected to be quite a bit higher due to inflation, which means investing in only income stocks/bonds will not be enough. Also, an interesting observation about spending trend for people being highest in mid-fifties, then slowing down through 60s and 70s and then going sharply up in 80s, because of expensive health care and residence. This is believable. A family in their 80s we know, had to move to a retirement place here in Calgary and pay close to $10,000 per month in combined living costs. It is on a nicer side and they can afford it, but still, very expensive.

This must be more than a "retirement place" though. I've been dealing with this on the personal front (for a family member) and we're nowhere those costs.