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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