Canadian HRReporter just put out an article that sums up the Canadian retirement landscape wonderfully. Lack of personal preparedness, lack of a plan – personal or corporate, unrealistic retirement expectations, and mis-aligned corporate support for employees and employee goals and needs.
Here’s the problem at hand: you have an expensive mortgage that needs to be paid and you have a retirement fund that needs to be funded. So two money-related goals that are quite important. Certainly neither of them can be ignored. So what do most Canadians do?