Canadians now need $1.7m in order to retire. This is up 20% from 2019 and is an understatement. It’s a retirement nightmare. These pension funds are also invested in all kinds of risky products. The Ontario teacher’s pension plan for instance is invested in subprime mortgage insurance.
You won’t hear any news like this on any of the mainstream media organizations like City News, CTV News, CBC News, and Global News.
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0:00 – Pension funds vaporized
0:40 – 20% decrease in value
1:20 – Young people
2:20 – Inflation and CP-LIE
3:15 – Retirement crisis
4:15 – Millennials and GenZ
5:45 – Change is coming…(read more)
LEARN MORE ABOUT: Retirement Pension Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Write an article about Retirement Nightmare: Pension Funds Plummeting at Record Speeds! in English
Yes, bless Mr Trudeau! None of us seniors wanted to retire anyway. We are much happier spending our golden years as wage slaves. Thank-you Mr Trudeau from the bottom of our hearts!
ok this goes in cycles it's scary but back in the 80's didn't interest rates go up past 15% l paid 9.8% in 1977 in texas and l was in the military which is a low paid job we managed, although houses weren't overpriced like they are in canada today
I am 27 now, but had my first thought of retirement when I was signing my enlistment paperwork for the army at 16, which included pension information. Even then, seeing how things were in 2012, I had my doubts that my money would even be there and wondered how it would be possible to retire when I was hearing my parents describe the issues they saw in their own future. My grandmother comes from a different era (obviously) and when I explain to her now that a pension just isnt what it used to be, she just cant understand how I would have no faith in our system. I see how much money is deducted from my paychecks every 2 weeks and while most of it is a waste (EI I have never and will never use ect), when I see the CCP contribution I just want to scream. Sometimes I am having almost $1000 a check taken off JUST ON THAT DEDUCTION. Its disgusting to me and almost kills your drive to work entirely. The amount of things I could do with that money… But no, the government will steal it from me and throw it into the dumpster fire that is our current "system". Im fed up.
Keep your savings in silver, gold and platinum my friends. It is dirt cheap today. Wont be for long.
Solution: Retire to south east Asia
If Tyrant Trudy gets his way, we'll sign up for MAiD and not dip into the pension money.
No worries, euthanasia to the rescue
“AND the budget will balance itself”- Blackface trudope
Could see the money transfer to globalists and elites many years ago …Opinion…deliberate attack by wef swine via financial, social and medical…all treasonous swine ..May their downfall be EPIC for crimes against humanity and treason against their country..DO NOT BELIEVE ONE WORD OUT OF ANY OF THEIR FORKED TONGUED MOUTHS
Thanks to Canadian pension funds , India has developed the most modern road network…..10 times better than Canada.
I love how sites tell you to buy gold…because every Joe blow has the cash in his/her wallet to just go out and buy gold…at basically 4x the market value because as a Joe blow…we can really only afford a small amount and people that actually have gold in possession, are charging an incredible increase in profit because they can.
Stop telling people to buy gold. It's a dumb phucking solution because it's not a possible solution for almost everyone that watches these kinds of shows. Come up with a solution that doesn't sound like I've heard it from other people already.
The silver haired population , aka boomers, have paid into the system for years and are ready to retire , 33% of workforce in the next 7 years – deservedly so. The govs actions pose an issue, the CPP money was never theirs to tap into. Potential and realities of a mass exodus from the workforce , a fizzling out of trades and skilled labour who should be quite privy to the next phase of life they have earned are seemingly causing a boon on the system WE PAID FOR> (sry for caps) . Many have their homes paid off for several years, have taken equity out against that to help their kids buy a home. As we well know; wages have not been commensurate with inflation. Was this by design? There will be a massive transfer of wealth in the coming years , up to the trillions as the boomers pass and leave their wealth to their children. The powers that be know this, and are acting accordingly as how dare you think for a second you can undermine me, i have never worked a day in my life, you earn me my money and are a slave to the institution. > Is this not what is happening and has happened ? There seems to be annotations that say; even though you have saved , have your pension in line, we will find a way to demean and destabilize you to force you back to work- a slave until you are no longer of use to us. smh.
Harper made it possible to store and vault physical gold and silver bullion in RRSPs and TFSAs.
I hold my bullion out side of a registered plan, but I'd consider holding some in a registered plan depending on the state of play.
Just saying, it is an option.
1.7m in savings to retire? This is stupid. Let’s say you retire at 65, and average age of death is 85. It’s only 20 years. Do retired people spend 85k a year? Have you asked your grandparents? If they own their home, it’s just food. 2k per month is good enough excluding housing cost.
Unless this current generation start having a lot of kids there won’t be enough of them to sustain the pensions.
1.7mil to retire in Canada…..
But in Asia or South America: 2k per couple per month, 1k pp per month, that's 12k a year times…..30…..40 years left to live from 60-70 years old…….
There! 500k CAD pp you're done !
Problem solved Mr. Luke !
And yes, you diversify that money in stocks, gold and the rest or you buy some appartments that you can rent.
BUT ! main thing, you need 1.7mil here, 0.5mil in 80% of the countries on this planet.
Up 20% in just 3 years ! Can you imagine ! 20 cents per dollar. Hardcore financial events unfolding at the moment across North America and beyond. Plus people like myself got sucker punched by the Bank of Canada Interest Rates Hike.Dragon's DRT Theory best at this Point In Time.
Gold and silver have been very poor investment for last 40 years or so . In early 1980 , Gold was around US$ 900 and silver about $50 and now Gold is around $1800 and Silver $25 . During same period Dow Jones index was under 1000 and now 33000 . You are simply wrong in your assessment and it is very dangerous to make long term decision based on short term data . You are only hoping . Gold and stock market is correlated and move in the same direction , beta may be different . If there is inflation then stock market will also move up .
Thank you Mr Trudeau.
Benefits canada published a list of the top 100 pension plans in Canada in 2022. They totalled 1.7 TRILLION dollars not counting CPP and QPP. Most of that is Public Service pension plan guaranteed by the government.
Seen this many times. Just diversify your investments, mostly outside of Canada.
I prefer equities.
Markets go up more than markets go down.
Great job. I like the fact that you are Canadian centirc. Lots of data and commentary on the US but not enough on Canada. You are helping to fill a gap in the the market.
Hopefully the next conservative government can stop the train wreck!!
I withdrew everything including my rrsp last year. This is crazy
As the BRICS nations lead the entire world in dismissing the USA dollar inflation is going parabolic. You are 100% correct to trade fiat for gold, while we can. There is no fancy mutual fund or even government pension fund that will keep pace with inflation. There is a point in every financial collapse where a wheelbarrow full of cash won’t even buy a loaf of bread and everyone selling food and essential goods will only accept gold or silver. It’s just a fact. For all you gold and silver deniers out there,…..you’ll find out the hard way and quickly become a gold and silver fan overnight….mark my words.