Salvaging your savings
With the worst apparently behind us, now is a good time to regroup and choose investment vehicles that can rebuild your portfolio
The Globe and Mail, Chris Atchison
Before the disastrous economic events of the past 18 months unfolded, Arlene Jackson was on track to retire at 65. With a solid superannuated pension, relatively well-funded RRSP and a small investment nest egg approaching $100,000, the career provincial civil servant from Vancouver intended to draw a retirement income that roughly matched the salary of her last few years in the workplace.
But like so many Canadians, Ms. Jackson’s retirement plan was dealt a nasty blow by the recession, a painful reminder that market volatility can derail even seemingly solid savings strategies.