It’s the end of another work week and that means it’s time for our regular Friday Free-for-all!
This is our usual end of the week news roundup and open topic discussion thread for the weekend.
Here are a few recent links to kick off the chat:
–Balancing Retirement & mortgage
–27% don’t count mortgage as debt
–Vancouver closet for rent
–Longest interest rate pause
–Higher tax for empty houses?
–Millionaire visa for only 50 people?
–Dipping under a million on the coast
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
ING has released the results of a survey they did showing that 3 out of 10 retired Canadians ended up having to return to work to pay bills.
Many retirees simply hadn’t saved enough or underestimated the cost of living.
The surveys portray a notable disconnect between Canadians’ expectations of life after the workforce and the reality of the cost.
ING Direct said that respondents wished they had found more ways to save for retirement, that they had started saving earlier and hadn’t “spent money so mindlessly.”
“The reality of retirement for many Canadians is a sobering reminder that you can’t put your financial future on the back burner,” ING Direct president and CEO Peter Aceto said in a release.
“Among the many other financial priorities we face during our prime working years, we need to make sure that retirement planning doesn’t get overlooked.”
So how are your retirement plans dear reader? Are you betting it all on a house in Vancouver? Are you just starting out and saving and investing, or are you finding it difficult to put enough aside for your golden years?