Spending cuts of about 15%-17% will be required if John and Susan intend to have their financial assets last until they’re 95
Fiscal stimulus program remains basically unchanged
Growth without stagnation or recession will be needed to balance the federal government’s books (IE:TV)
“You have to be careful which corporate bonds you pick,” says Franklin Templeton president and CEO Don Reed
Selling the house and putting investment income toward rent could be an alternative, but all angles must be considered
Advisors’ recommendations include downsizing or selling the house, reducing debt and increasing RRSP contributions
But several factors exist that may result in declines to the prices of key commodities
For Canadians, a major question is whether high resources prices will keep pushing the loonie upward vs other currencies
But global money managers are unsure of what will happen in the year ahead
Investors seek healthy balance sheets