Boomers worry about retirement income

Baby boomers concerned as to how to plan their retirement income.

As Canadian baby boomers enter retirement, there is a great deal of concern, anxiety and confusion as to how to plan their retirement income.

When it comes to effective retirement income planning, Canadians need to accept that hard decisions have to be made and that some concessions will be necessary.

There is always a trade off between risk and return, and in order to ensure a predictable income stream, one may have to give up some return to achieve more stability. In achieving predictability, however, one may also have to sacrifice some control and flexibility.

In deciding on their personal retirement income strategy, some Canadians must recognize that they cannot have their cake and eat it too.

They should make an honest assessment of what they need and value most and what they are prepared to give up.

News Canada

Just Posted

Pirates have a chance to win pennant

Mid Island Pirates sweep Langley Blaze, four midweek games remain

Nanaimo tubber sets all-time record at bathtub race

Justin Lofstrom completes course in fastest-ever time

Junior A Timbermen even up playoff series with defending champs

Nanaimo doubles up Coquitlam 10-5 in Game 4 of best-of-seven BCJALL semifinal

Eight displaced after fire in Nanaimo’s south end

Nanaimo Fire Rescue responds to fires on Strickland Street and old Jolly Miner pub

LETTER TO THE EDITOR: Fact-check pipe dream

We deserve more transparency now that Trans Mountain is in public hands, says letter writer

Nanaimo tubber sets all-time record at bathtub race

Justin Lofstrom completes course in fastest-ever time

Vancouver Island teens missing after vehicle found ablaze near Dease Lake, BC

RCMP say a body discovered nearby not one of the missing teens

Nanaimo-Opoly will let board game players deal Harbour City properties

Victoria’s Outset Media and Walmart Canada partner on local edition of popular game

Tribal Journeys go through Snaw-Naw-As, Snuneymuxw, Stz’uminus territory

Paddlers now in Ladysmith en route to final stop in Lummi, Wash.

LETTER TO THE EDITOR: Housing and opioid crises the real threats

Letter writer shocked that someone could blame vulnerable citizens for Nanaimo’s tarnished image

B.C. VIEWS: NDP pushes ahead with Crown forest redistribution

This isn’t the time for a radical Indigenous rights agenda

A year later, ceremony commemorates victims of the Danforth shooting

It’s the one-year anniversary of when a man opened fire along the bustling street before shooting and killing himself

Recall: Certain Pacific oysters may pose threat of paralytic shellfish poisoning

Consumers urged to either return affected packages or throw them out

Most Read