Read in the Winnipeg Free Press the other day that 65% of working canadians have nothing put away towards retirement.
Kinda curious as to who's doing what. GIC's seem to have fallen by the way-side, and the return on RRSP's is so low that admin fees eat up any gains.
I turn 55 next month. Got a bit of a break at work with Triovest taking over the old Redcliff operation. Up-shot is we get a crack at Blackstone Path, with the company matching our contributions up to 5% of our income.
I took the Blackstone Path that matures in mid 2020, at 4% of my income.Triovest will match that 4%. I should be seeing 20 large at maturation- if all goes well. Blackstone Path 2020 is considered a moderate risk investment. Word on the street is this sort of thing is much better than doing nothing at all....
I think that's about all I can handle for now. Should a big increase in income come along, I may end up doing a little more.
I'm still a bit worried about that post-work future...
Anyone else doing anything? Giving it serious thought?
Regards,
Doc Sharptail