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There is no doubt that planning for retirement can seem like a complex process, and even thinking about it can be stressful.
Nowadays media, politicians, financial services, businesses – everyone has been talking about retirement. With so much information, it is easy to get overwhelmed. In this episode, Kris Dureau debunks eight popular myths about retirement that might be stressful to pre-retirees as they plan for their retirement.
Kris discusses:
- Where and how retirement myths originate, as well as how they affect retirees
- The importance of starting retirement planning at an early age.
- The reasons why many people procrastinate about saving for retirement
- Why retirement isn’t about having a specific amount, but about having an income that suits your lifestyle
- Why you should continue to contribute to your CPP pension and old-age security
- The difficulty retirees face in spending their money