Do you know how long you’re going to live? One of the big mistakes I often see during my financial literacy talks is people trying to create income plans to live into their 70’s. We know that the average life expectancy is in the 80’s with a high probability that you could live into your 90’s.
Your life expectancy will determine many important decisions like when is the optimal time to start your CPP. Don’t fall into the trap of planning until your 70 because that will make your 80’s and 90’s tougher.
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