My parents sacrificed a lot to build our Canadian dream. What do I owe them in their golden years?

    https://ici.radio-canada.ca/rci/en/news/2180118/first-person-supporting-parents-in-their-retirement

    Posted by ubcstaffer123

    2 Comments

    1. thetrueelohell on

      My plan is currently having them index heavily into equity. They got 5-15 years to see some gains as their public pensions will be a joke.

      GIS should top them up to 52k annually combined and with a nest egg of 250K by the time of retirement , that should cover their mortgage payments

    2. The business has no value? And Isn’t Canada a progressive paradise with free healthcare and a strong social safety net? It appears Canada has a daily robust social security type system

      Did they not plan? Was the future not discussed?

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