tonight, after a great day of talking wedding talk with my mom we started chatting about retirement income. I'm really not sure how we got on the subject, but at 26 years old - i'm far too concerned about my life 30 years from now. I get very stressed out thinking about our income in the future, when Jordan and I are both retired.
One, I worry because Jordan's job does not provide RRSP/Pension matching - and we're currently not really able to contribute to personal RRSPs more than we do now. I know that will change, and heck, 30 years is a long time - but really, how long is it?
Do any of you worry about things so far in the future that you can't really plan for them?
I mean, how am I supposed to know how much income we'll need in retirement? Who knows what our incomes will look like, what our savings will be and what kind of debt load will have. Further to that, CPP and OAS are bound to change. I think they will still exist - but to what extent?
le sigh.
thoughts on retirement
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I am contributing 4 per cent. My employer puts in 2. (I think the same is happening for T but he hasn't had any actual paycheck slips so can't tell).
ReplyDeleteIt's not enough is it? It's never enough. But it's going to have to do, because living right now is important too.