Canada has one of the youngest populations in the G7, even as it rapidly ages as more
people hit retirement age with fewer replacement workers available as a result of low birth rates.
Not exact matches
Part of that decline has been due to difficult economic conditions after the financial crisis of 2008, but part of it is also due to simple demographics: The baby boomers are
hitting retirement age, and young
people are more likely to go to college or graduate school, meaning that fewer
people will want to work.
The same tax shock probably
hit people who were adjusting their investment allocations to prepare for
retirement — selling stocks and buying bonds.
When hard economic times
hit — either in your personal economy or in the larger economy —
people are tempted to raid their
retirement savings without fully understanding the repercussions.
Pierce Brosnan (The World's End, The Matador) stars as Peter Devereaux, a former CIA agent who comes out of
retirement in Europe to fix a mess that
hits him close to home, only to find that the
person responsible, David Mason (Bracey, GI Joe: Retaliation), is the agent whom he took under his wing when he was in the game.
Colourful, digressive stories come and go, from the accidental
hit that Norman (Ronald Pickup) takes out on his girlfriend to Sonny charismatically bungling fiancee duties to Tamsin Grieg mysteriously rocking up as the only white
person below
retirement age.
Everyone starts working at age 28, and when they
hit retirement, each
person earns $ 50,000 a year.
As an advisor who focuses on helping
people plan for and manage their
retirement you've
hit the major issues very well.
Since 2008, we have gone through The Great Recession, we have seen the unemployment rate
hit 10 %, and we have seen the market go through convulsions which ravaged
peoples 401 (k) s and
retirement planning as a whole.
The black holes are
people who happen to
hit retirement age at the start of a downturn, such as in 1929, 1946 and 1973.
Some
people have to take the
hit of the penalty for withdrawing early from
retirement savings just to stay financially afloat.
Usually there's space between when you've
hit your company's match and when you've maxed out, so for
people that can't max out both it can be a good opportunity to hedge against future tax uncertainty by having a portion of your
retirement savings already have taxes paid.
Most
people have term insurance until they
hit retirement age and all of their debt has been paid off.
In a world in which technology is uprooting entire career fields before our eyes, the average
person will have had several careers — and likely a couple of layoff war stories — by the time they
hit retirement age.