Retirement Income and the Order of Asset Withdrawal
By Frank Di Pietro
Canada’s population is aging quickly. According to Investor Economics, there will be more than 10 million Canadians over the age of 65 within 20 years, representing nearly one-quarter of the total population. Since the average retirement age is 63 and Canadians are living longer, the average retirement could last 25 to 30 years or more in some cases, using current mortality tables.