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]