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Best Advice: Start Saving Early

The best advice for the average Canadian is to start a retirement saving program early while time is on your side, says Paul Owens, deputy superintendent of pensions for Alberta. In the article ‘Retiring On Gov’t Retirement Programs?’ in the June 2013 edition of AlternativChronicle, he says that it is also important to encourage and educate Canadians to take advantage of tools such as RRSPs and TFSAs to supplement their retirement incomes. The article examines whether Canadians can retire comfortably on the benefits from C/QPP, OAS, and GIS. With few exceptions, he says, the answer is clearly ‘No.’ The article is at www.AlternativChronicle.com

Courtesy of Benefits and Pensions Monitor website News Alerts

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