If you plan for retirement now, you’ll have less of a shock waiting for you in future.
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It may seem like a long time away but having an idea of how much income you’ll need to survive on in future is crucial.
Shoppers browse at a Sears Canada store in Toronto in October after the company began liquidation sales. Its retirement funds are short $308 million, forcing a 19 per cent cut to employee pensions.
(THE CANADIAN PRESS/Nathan Denette)
Sears Canada’s bankruptcy should alert employees and regulators alike to rethink defined-benefit pensions.
Why aren’t people entitled to benefits claiming them?
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Means-tested benefits are designed to ensure a minimum standard of living for Britain’s poorest families.
United Mine Workers members rally in September on Capitol Hill for benefits for retired miners that are at risk.
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Coal miners are often romanticized in our society and held up as examples of hard-working Americans who deserve our respect. In reality, many retired miners could get the shaft this Friday.