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Stock impact report

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

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
Many Canadians are increasingly worried that their savings won't be enough to get them through their golden years in good shape. There was a time when Canadians could count on generous employer-sponsored pensions to pay for their retirements. These days, such pensions no longer exist outside of government. The Canada Pension Plan (CPP) pays next to nothing unless you wait until you are 70 to claim it. Between the decline of defined-benefit (DB) pensions and paltry CPP/Old Age Security payments, most people don't have much pension income anymore. This leaves savings to pay for the overwhelming majority of their retirements. Unfortunately, most Canadians simply don't have enough saved to retire comfortably. StatCan data shows that by the age of 60, most Canadians have between $350,000 and $370,000 in private pensions (i.e., Registered Retirement Savings Plans and Tax-Free Savings Accounts). At the same time, data collected by financial advisers shows that it actually takes more tha Show less Read more
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