Are you worried about your parents’ finances?
I had lunch with a friend a couple of weeks ago — a young professional with a growing family and a wife who looks after their kids full time. He was telling me about his father-in-law, who recently retired after taking some heavy losses on his RRSP during the financial crisis. He’s got no company pension plan, no life insurance and reduced CPP and OAS because he’s always been self-employed.
