By Craig Lord
Source: Global News Canada
A wave of Canadians gearing up for retirement will be forced to make “significant” cuts to live comfortably for the rest of their lives, an analysis from Deloitte Canada shows.
The report released Wednesday looked at the finances of 4,000 Canadians between 55 and 64 years old to gauge their “retirement readiness.”
Hwan Kim, a partner at Deloitte Canada, notes this group is particularly large right now with three million Canadians in the baby boomer generation primed to retire in the next decade.