WINNIPEG — Lots of candles were needed at a Winnipeg retirement home on Tuesday as three of their residents celebrated their 100th birthdays.
It was a big milestone for the residents, and one that Canadians will likely start celebrating more often.
In 2011 there were just over 5,800 Canadians 100 years or older. Statistics Canada says that’s around 2,000 more than a decade earlier. If you add that all up, it means many Canadians need to start saving more, and earlier on. One financial adviser stresses the importance of putting a little bit of money aside every paycheck.
“Just put it on your accounts receivable, pay yourself first,” Glen Melnyk said.
Melnyk said a financial plan will look different for every individual, depending on what they want out of their retirement. But taking responsibility is a good first step.
“It’s not up to the government, it’s not up to your employer, it’s up to you,” Melnyk said.
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