DIY Wealth Canada Podcast

← DIY Wealth Canada Podcast20 apr · 43 min

Ep 29 - Can You Really Retire on $1M

Ep 29 - Can You Really Retire on $1M20 apr43 min

<p>It used to be that if you had one million dollars, you were rich.</p><p>But things are different today. In a world where seemingly everybody is in the seven-figure club and $1M doesn&#39;t even buy a nice house in Toronto or Vancouver anymore, is it really enough to retire on? Or do Canadians need to save more?</p><p>Bob and Nelson tackle these questions on the pod this week, taking a math-based approach to the whole situation. We argue that you may not need as much as you first think, and there are additional variables to consider. There&#39;s no easy solution to the question, which is what makes it so much fun. </p>