How to Retire with Enough Money

Of course I’m ready and saved up to retire, it should only cost about $1400 to get new tires on my van, oh wait that’s not what retirement means, it’ll cost how much!?? This week we review “How to Retire with Enough Money: And How to Know What is Enough” by Teresa Ghilarducci Ph.D, an academic that can actually communicate with average people. Find out why the author thinks people need to take retirement seriously, whether its better to budget 70% or even 100% of your current expenses for retirement, how many times income you'll want to save and more. Plus we provide needed Canadian context and alternatives to help you make this all work in your own life.

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Useful Resources:

Nov 2023 Stats Can Retirement savings report: https://www.statcan.gc.ca/o1/en/plus/4868-canadians-retirement-savings-trend-upward-cost-living-continues-squeeze-budgets