Should we should save for retirement?
tweety asked:
My husband and I are in our later thirties. We are planning to settle in Australia or Canada. Both of us do not have any good guidance from any experienced elders regarding anything in life. So far we have not saved a penny for our retirement. Experienced people please guide me on the follwing: 1) If we do not save will the governments of these two places help us in futureafter retirement? 2) Is setting up a parallel income recommemded? 3) What the conditions of old people who have not saved all thier life (will they be provided medical help)? 4) Is it prudent to save monthly, yearly? 5) Do children take care of poor parents? (My husband is currently well off. And we give the best to our parents and children. Will we too be taken care of similarly)? 6) Many parents who are financilally dependent on their children in their later years are insecure and encourage disharmony in thier children’s married life. Why?
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My husband and I are in our later thirties. We are planning to settle in Australia or Canada. Both of us do not have any good guidance from any experienced elders regarding anything in life. So far we have not saved a penny for our retirement. Experienced people please guide me on the follwing: 1) If we do not save will the governments of these two places help us in futureafter retirement? 2) Is setting up a parallel income recommemded? 3) What the conditions of old people who have not saved all thier life (will they be provided medical help)? 4) Is it prudent to save monthly, yearly? 5) Do children take care of poor parents? (My husband is currently well off. And we give the best to our parents and children. Will we too be taken care of similarly)? 6) Many parents who are financilally dependent on their children in their later years are insecure and encourage disharmony in thier children’s married life. Why?
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