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Saving $1M for retirement might be possible, but is it enough?
Becoming a millionaire in time for retirement is a more attainable goal than most young Canadians think, according to a major Canadian bank. But then again, $1 million isn't what it used to be.
TD Canada Trust on Wednesday released survey results showing three-quarters of respondents ages 18 to 34 said it is unlikely they'll be worth $1 million or more by the time they retire.
In fact, one-third said their best bet for becoming a millionaire is winning the lottery, while just one in 10 could see themselves getting there by saving money.
Read the full article here.
Becoming a millionaire in time for retirement is a more attainable goal than most young Canadians think, according to a major Canadian bank. But then again, $1 million isn't what it used to be.
TD Canada Trust on Wednesday released survey results showing three-quarters of respondents ages 18 to 34 said it is unlikely they'll be worth $1 million or more by the time they retire.
In fact, one-third said their best bet for becoming a millionaire is winning the lottery, while just one in 10 could see themselves getting there by saving money.
Read the full article here.