Who Else Wants To Rely On Their Pension?
This statement caught my eye whilst reading The Globe and Mail on Friday May 8th. Under the headline “Ottawa to GM: Cut Costs Or Be Cut Off” it was reported that:
“GM Canada’s pension plans had a shortfall of $4.5-billion as of the most recent public information in November, 2007, but that has almost certainly ballooned to $6-billion or more based on declines in stock markets last year.”
Now would you rather invest in an income property or rely on your pension??