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How Does a $1.7M Retirement Look for the Average Canadian?
BMO released their Annual Retirement Study in February, which revealed that respondents to their retirement survey believe that they will need about $1.7M to retire comfortably in Canada.
In this video, I walk through what a $1.7M retirement would look like for the average Canadian retiring couple.
We talk about the impact of CPP and OAS, how spending patterns change throughout retirement, and the importance of getting a plan tailored for your unique situation.