Sentences with phrase «earnings during your working life»
As far as the financial services industry and virtually all the exhaustive research is concerned, meeting retirement needs means replacing a percentage — the most commonly cited figure is 70 % — of earnings during your working life.
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Our current retirement system pays Old Age Security and the income - tested Guaranteed Income Supplement to those who had low earnings during their work lives.
Not exact matches
In other words, we would be forcing those at the lower end of the earnings ladder to consume even less during their working lives in order to add more dollars to their already decently - funded retirement.
Whom it may benefit: This strategy works best for couples with normal to high life expectancies with similar earnings, who are planning to work until age 70 or have sufficient savings to provide any needed income during the deferral period.