Silver Tsunami



Ever heard of the Silver Tsunami? Well, it’s coming.


We’re not the only country this is happening to, but in Canada we have an ageing population.


Last I heard, we are rapidly approaching the point where we will actually have more people over the age of 65 than under the age of 15.


At first glance, that’s just a fun fact. But unfortunately, it’s a fact that carries some pretty heavy implications.


Perhaps the biggest concern is the dramatic increase in the cost of both old age security and healthcare.


These are two of the biggest expenses our taxes pay for each year. And as we have less people paying income tax, because they’re retiring, that means we’ll have less and less money to pay for something that’ll keep costing more and more.


Key point: make sure you build a solid nest egg. You’re probably going to need it.

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Disclaimer:

This article is for educational purposes only and is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice. Opinions expressed are those of the owners and writers only. Every effort has been made to compile this material from reliable sources, however, no warranty can be made as to its accuracy or completeness. It may also include forward looking statements concerning anticipated results, circumstances, and expectations regarding future events. Forward-looking statements require assumptions to be made and are, therefore, subject to inherent risks and uncertainties. There is significant risk that predictions and other forward looking statements will not prove to be accurate. Please consult an appropriate professional regarding your particular circumstances. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or the fund facts before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc., sponsoring mutual fund dealer. Other Products and Services are offered through Rhys Martell/Well-Built Plans Financial.


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RHYS MARTELL  |  financial advisor