I was doubly privileged to have been asked back to appear on The National with Peter Mansbridge as a member of their economic panel. This time we discussed the concerns over retirement planning. Are Canadians complacent about it? (Yes.)
The other panelists were the same as last time: Amanda Lang (CBC’s Senior Business Correspondent), Patricia Croft (former Chief Economist at Royal Bank of Canada Global Asset Management) and Jim Stanford (economist with the Canadian Auto Workers union).
There are two parts to the segment. Part I lasts about 15 minutes, and Part II lasts about 3 minutes.
Hi Preet,
I saw this and said “hey, I know that name!” and low and behold here you are posting about this today. I recognized your name from my RSS Reader.
I really liked your advice on The National. It is very smart for them to include a 30 something as many of us are in a place, like yourself, where we need some advice and guidance in a time most advice/guidance regarding retirement is geared to (what appears to be) a greatly unprepared boomer group.
You were dead one – start now. If you are 35 you can have 25 years to work on getting your nest egg set up. Yes, as you mentioned it is hard as many of us are now starting families, paying of student debt, and buying homes – but it is still possible to follow Chilton’s rule: pay yourself 10% first – you’ll hardly miss it.
Thanks for the kind words Sust PF!
That’s awesome Preet! Congratulations! I’ll check out the videos later today.
Thanks Ram – hope you are well. I’m hoping to get back into the blogosphere in February… :)
Great advice as usual Preet.
Thanks H.
If these guys want to really help people, they need to give you the chance to say your 3-point plan at every opportunity.
Couldn’t agree more. I think the fundamentals account for 80% of the results. MERs, fees, etc. are still important, but not as important in the grand scheme of things.