Your Group Registered Retirement Savings Plan

There are two approaches that you could take to computing how much you should save for your retirement: (1) Aim for a target replacement rate of preretirement income, and (2) aim for maining the same level of consumption spending before and after retirement. We will examine both approaches next. 5.1.1 Approach 1: Target Replacement Rate of Preretirement Income Many experts recommend that in ... ................
................