Gordon Pape's latest book Retirement's Harsh New Realities does not mince words. In it, the personal finance expert explains why he is so concerned about Canadians' ability to retire comfortably. (Read an excerpt from his book here.)
In this interview with the Globe's Rob Carrick, Mr. Pape explained how people with insufficient savings are leaving themselves vulnerable to rising interest rates and might be forced to compromise their standard of living once they have stopped working.
His advice? Start saving seriously right now - and make sure you use registered retirement savings plans and the tax-free savings accounts. "I think people should be taking maximum advantage of those," he said.
Mr. Pape answered your retirement questions earlier.
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