Thirty years ago, people typically started work at a fairly young age (age 20), worked to 65 and then retired. Statistically they lived to age 72, so they had many years to earn and save, and just a few years to spend. Typical retirement age has been 65 for a long time. In developed countries like Canada, the US, and Australia, social retirement benefits only start to kick in at 65. But today, our statistical lifespan in these developed countries has increased to 78 years. Unfortunately,... [read more]

Make one or two mistakes in handling your retirement money, and you could be paying a stiff penalty later in your life. The stock market goes up and down, but you’ll survive if you stay clear of these common mistakes: Obsessing about market losses. Focus instead on long-term needs. Catastrophic events and long-term health care needs cause as much damage when you’re caught unaware as does a shaky stock market. Will your nest egg be able to handle long-term care? Forgetting... [read more]