Image by Freepik Many Canadian employers see DB plans, where retirees receive a guaranteed payout every month (sometimes indexed to inflation), as too expensive. And while the average time spent working for the same employer has actually risen over the last five decades, according to Statistics Canada data , spending a lifetime at one job—and collecting decades of pensionable earnings in the process—is a rarity these days.
“My dad worked for a bank for 35 years. That was the only job he ever had,” says Kenneth Doll , a fee-only Certified Financial Planner based in Calgary. “Those days are gone.”
Many […]
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