Wealthy Retirees Hit Harder

Advisor’s Edge Report, Bryan Borzykowski

Your wealthy clients might have more money now, but expect their income to decline significantly — at least compared to that of low-income earners — during their retirement years.

A new Statistics Canada report says that, on average, 75-year-old Canadians had “family disposable incomes” that were 80% of what they earned when they were 55.

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