Erring on the (wrong) side of caution Money Makeover
0 Comments | Winnipeg Free Press, Jul 24, 2010 | by Schlesinger, Joel
Single health-care worker’s investments called too conservative
If Alice had her way, she’d never retire. The 52-year-old health-care worker earns $35,400 before taxes a year, and she worries about living on a restricted budget in retirement.
And indeed, her finances may be tight once she retires. Alice will have a monthly pension payment from her work of at least $451 and she has about $46,000 combined in RRSPs and a locked-in retirement account
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