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Stock impact report

Retiring? $1 Million Isn't Enough Anymore [Yahoo! Finance Canada]

Brookfield Infrastructure Partners LP Limited Partnership Units (BIP) 
Last brookfield infrastructure partners lp limited partnership units earnings: 2/10 06:44 am Check Earnings Report
US:NYSE Investor Relations: bip.brookfield.com/en
There was a time when reaching a $1 million nest egg felt like crossing the finish line. For decades, it symbolized financial security, freedom, and a comfortable retirement. Today, however, that once-magic number no longer carries the same weight. Rising costs, longer lifespans, and inflation have quietly changed the math. For many Canadians, $1 million may no longer be enough to support the retirement they envision. Inflation and longevity are silently eroding wealth Inflation is one of the most underestimated risks in retirement planning. The Bank of Canada targets a long-term inflation rate of 1% to 3%, and even at the upper end of that range, the impact is substantial. At a 3% annual rate, the cost of living more than doubles every 24 years. What feels like a comfortable income at age 65 can feel restrictive by age 75. Compounding that issue is longer life expectancy. According to Statistics Canada , as of 2023, Canadian men live to an average of 79.5 years, while wome Show less Read more
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