Pandemic and Retirement do not go hand in hand. In fact, the pandemic does not go hand in hand at any stage in life.
So many people’s retirement plans has been derailed by the pandemic. 68% of Canadian seniors have had to dip into their emergency funds or savings to cover unexpected expenses. But what’s more, fewer than half were able to cover the full amount! Using the equity in your home would allow you to pay for these unexpected expenses and live with a positive and comfortable cash flow.