Planning for Retirement on a Low Income
Author: John Stapleton
Topic: Asset building and saving
Publisher: Open Policy Ontario
Location: Canada
Format: Report
Content Type: Research
Publication Date: December 31, 2012
Low-income people need savings and retirement strategies that won’t leave them worse off in their senior years. The purpose of this paper is to educate people who help low-income adults plan for their financial future. Our aim is to put GIS planning at the centre of the pre-retirement discussion for these singles and couples. Far too many low-income people have failed to get good advice about filing their taxes and applying for a program to which they are entitled. The effect of this is to take millions of retirement dollars off the table for Canada’s most vulnerable seniors.
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