Financial Planning As We Age

The 2018 Omni Report Seniors and Money by Leger shows that the most common source of retirement income for 73% of Canadian retirees over 60 years old is “government” money like Canada Pension Plan (CPP), Old Age Security (OAS), and/or Guaranteed Income Supplement (GIS). 44% of today’s retirees aged 60 or more receive pension income and 35% use their investments savings, while four out of five are receiving multiple sources of income like government money and/or pension...