Surprising Retirement Facts

Most of us are thinking that the Government benefits are enough for retirement, but will wonder, by going through the following facts :-

79% Canadians say that RRSP, CPP & OAS are not enough for retirement.
45% Canadians believe that accessing home equity in their homes should be part of retirement income.
28% Canadians would consider using their home equity to fund retirement.
78% says that they have been pressurised to sell their home for retirement finances.
Maximum CPP (after contributing for 40 years) = $1200/-
Maximum OAS (on basis of 40 years) = $620/-
Average GIS (not all get that, it depends on annual income) = $360/-

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