In the News

Title

Longer lives and retirement planning

Document Type

Article

Publication Date

7-13-2017

Abstract

Life expectancy in Canada is going through the roof. According to the Society of Actuaries, we live in an era where many couples expect to retire around 60 and there’s an 18% chance of at least one member of that couple living to 95 or beyond.

It wasn’t that long ago when financial planners based projections on the premise that a couple’s money had to be capable of supporting a 30-year retirement.