This Think Smart with TMFG episode, hosted by Mike Connon and John Iaconetti, Financial Advisors of The McClelland Financial Group at Assante Capital Management, explores why retirement feels more challenging today and how inflation is affecting Canadians’ long-term financial plans.

Inflation is making retirement more expensive, and many retirees are having to adjust their plans because everyday costs continue to rise.

People now believe they need to save much more, close to $1 million, to feel comfortable in retirement.

Government benefits help, but don’t keep up, which means planning, the right investment mix, and smart withdrawal strategies are more important than ever.

In today’s economy, rising costs are a constant reality, not a temporary hurdle. The key to a successful retirement is preparing for the uncertainties of inflation and ensuring your plan can adapt as life changes.