Vettese is an actuary and partner at Morneau Shepell. He is the
co-author of The Real Retirement and author of Retirement Income
for Life. As an actuary, he has looked at the most common shockers
that we prepare for in retirement. His conclusion is that some
Canadians are over-saving for retirement because they fear events
that will probably never happen. And he's got some math to
prove it.
BY THE NUMBERS
If the unexpected is truly unexpected, who knows what to expect?
Well, the Society of Actuaries is a good group to ask. In 2015,
they set out to identify the type of rainy day situations that
retired Americans actually encounter and how they cope with them.
We can assume that Canadians might expect similar situations.
"When I looked at the list," says Vettese, "the
shocks seemed to fall into two major categories: "supply
shocks" and "demand shocks".
