Do you think you’ve saved enough for retirement? Do you think you'll ever retire? Research from such organizations as the Conference Board of Canada shows that Canadians approaching retirement are more worried than ever about their ability to fund their golden years. I’ve identified three key areas where the anxiety is the highest, and proposed some solutions.
1. Too Much Debt
Too many seniors are living beyond their means in ways previous generations were not. Too many retirees have too much debt because of dream homes, caring for their parents, and spending on adult children who don’t leave home.Watch for growing credit lines and live within your means, even if it means buying a slightly used car and taking vacations in the offseason, when kids are in school.
