Where will your retirement income come from? A few facts: - Less than 1/2 of Canadian workers are covered by employer pension plans
- People are starting to save earlier for retirement
- You could be retired for a longer period of time than you actually worked
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Retirement money comes from:
| Your employment pension Your RRSP's Your savings, assets and investments | Government programs Canada Pension Plan Old Age Security |
A general rule of thumb: You will need 70% of your current pre-tax earnings to maintain your standard of living in retirement.
