Sun Life’s biannual report on workplace savings plans highlights importance of expecting the unexpected

For most people, retirement means living on a fixed income, but the surge in the cost of living has highlighted how even the most prudent financial planning can fall short.

The sudden surge in inflation and interest rates, coupled with the geopolitics that sparked this, and the uncertainty of recession and other economic matters, could not have been foreseen, but for millions of Canadians it’s also hard to see what’s to come.

One third of retirees participating in a new survey from Sun Life say that the cost of living is higher than they expected.

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