Are We Idolizing Retirement Life?
<p>And while they have accumulated assets, they are cash-poor.</p>
<p>Because they have rental income from their assets, they get peanuts from the government pension.</p>
<p>And while their rental income seemed promising, the phantom costs of holding their principal home and other properties are shocking.</p>
<p>Property tax alone costs over 5 figures per year.</p>
<p>Not to mention the management fees every month for their condos, repair and maintenance, rental price increase restrictions, the climbing interest rates, and high-income tax in Canada.</p>
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