In general, overall retirement spending decreases through much of retirement but with a notable upturn at the end that can create a U-shaped retirement spending pattern.17 So planning for health care expenses throughout your retirement — however long it may be — is vital to your overall
retirement income planning efforts because health care utilization tends to increase as we age.
Not exact matches
A private letter from Oliver to the chairman of the China Insurance Regulatory Commission reaffirmed what's been going on behind the scenes: «The introduction of Target Benefit Pension
Plans will be an important innovation in Canada and will complement recent
efforts by the government to further strengthen Canada's
retirement income system.»
It's worth the
effort: with proper
planning, your pension can become the cornerstone of your
retirement plan, providing you with steady
income that will last a lifetime.
The upside is that you can stash a lot of cash in these, so if you're fairly close to
retirement, earning a high
income that you know you'll maintain and that allows you to save a significant amount per year — we're talking $ 50,000 to $ 80,000 or more — you might consider using this
plan to supercharge your savings
efforts.