But if you think you might have to draw more
heavily on your retirement savings to maintain the retirement lifestyle you envision — or you just want to have more of a cushion to absorb unexpected expenses — then a no - stocks investment strategy may not be as trouble free as seem to think.
Two big factors weigh
heavily on your retirement savings needs: how many years you're going to spend in retirement and how much you're going to need to withdraw each year.
Not exact matches
Teachers without Social Security coverage face substantial uncertainty and must rely more
heavily on their employer
retirement plans (state pensions) and personal
savings.
This model also relies
on building up
savings during your working life, but it relies more
heavily on investments doing well after
retirement.
The consequence of all this is that even middle - income Canadians will have to rely more
heavily on workplace and personal
retirement savings to pay for expenses once they leave the working world.