Quote:
Originally Posted by bizaro86
One of the reasons for skepticism here is that there is an entire industry around retirement savings. An industry where professionals both provide advice AND have higher earnings when their clients save more. All those freedom 55 ads weren't because life insurance companies deeply care about people, they were because they want you to save more into their products so they earn more fees.
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Exactly. When you routinely see professional advice that you need $1 million to retire comfortably in Canada, you can only conclude that either A) Only a fraction of people in one of the richest countries in the world retire comfortably, or B) The person giving the advice has an interest in presenting a distorted picture of what’s normal.