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Pattie Lovett-Reid: Here's a tip to stave off retirement-savings crisis

Author: External Author | | Categories: Life Insurance Agent , Travel Insurance

Are we headed towards a retirement crisis? Maybe.

Over the years, the practice of companies mailing out monthly cheques to retired employees has been on the decline while at the same time the pension funds that remain face challenges, particularly in this low interest rate environment. It comes as no surprise the once coveted defined benefit plan has been widely replaced, if at all, by a defined contribution plan. Gone is the guarantee of retirement income for life and replaced with a do-it-yourself type of retirement planning.

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Original Article Source Credits:   BNNBloomberg ,

Article Written By:  Pattie Lovett-Reid

Original Article Posted on:   Jun 17, 2021

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