Leaders who view contingency planning as a living discipline regularly reassess risk, adjust strategies, and ask the critical question: “What happens if this assumption changes?”
Leaders who view contingency planning as a living discipline regularly reassess risk, adjust strategies, and ask the critical question: “What happens if this assumption changes?”
Don’t think that 50 percent pension splitting is enough to fully split retirement income for you and your spouse. Is your employment and future retirement income expected to be significantly higher than your spouse’s? Or vice-versa? That’s when contributions to a Spousal RRSP could be a good idea.
Whether whispered in kitchen conversations, splashed across social media, or cited by worried friends, this “magic number” has become something of a myth.