Will you be poorer in retirement?
Chances are you'll have more than enough money to retire. The numbers in this infographic speak for themselves.
What you need to know about disability insurance
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Despite what you may have read, the vast majority of Canadians will not suffer from lack of money when they retire, says Fred Vettese, chief actuary at Morneau Shepell. Only about 7% of middle-income households will have less than 75% of their pre-retirement income, an amount the government says is need for living comfortably. In fact, 62.5% of retirees are on track to have higher disposable incomes in retirement than when they were working.
Source: The Real Retirement: Why you could be better off than you think, and how to make that happen, written by Fred Vettesse and Bill Morneau, Wiley & Sons, 2013
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