Osman Aziz. September 9, 2019<\/strong><\/p>\n Much of the conversation on financial media platforms focuses on retirement. These discussions often centre around the amount of retirement savings needed to live comfortably, and caution against accumulating debt in your retirement years. What this commentary fails to consider are the curve balls that life can sometimes throw at you: family emergencies, unexpected deaths, injuries, job turnovers, and poor investments, just to name a few. Each of these events can have a severe impact on your financial well-being, and could cause you to dip into resources you had intended to use later in life.<\/p>\n If this is the case for you, you’re not alone—many others are in a similar predicament. A recent report from RBC stated that the average boomer is $275,000 short of the amount they want to have saved for retirement. The findings were based on a sample size of 900 people, all aged 50 or over, with $100,000 or more in investible assets.1<\/sup><\/p>\n The expected income shortfalls from the survey differed based on province:<\/p>\n