Answers to

Practical Questions

Let’s do the math (groan):

If you are 25 years old, you likely have another 40 years of work ahead of you, and you will likely live much longer than that.

If you were to save JUST $1 per hour of your $2.60 per hour wage increase until you turned 65, and invested it all in an equity portfolio that earned an average of 8% per year in your TFSA, you would have a staggering $539,000 when you turned 65!