Ep 29 - Can You Really Retire on $1M
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Ep 29 - Can You Really Retire on $1M
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Summary
It used to be that if you had one million dollars, you were rich.
But things are different today. In a world where seemingly everybody is in the seven-figure club and $1M doesn't even buy a nice house in Toronto or Vancouver anymore, is it really enough to retire on? Or do Canadians need to save more?
Bob and Nelson tackle these questions on the pod this week, taking a math-based approach to the whole situation. We argue that you may not need as much as you first think, and there are additional variables to consider. There's no easy solution to the question, which is what makes it so much fun.
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