The Globe and Mail does a weekly column called "Financial Facelift", which by and large is people who disclose their personal financial status and get advice on their retirement plans.
Check out this one from late March:
Can Lucas and Shelby afford to give $100,000 to each of their kids for a first house?
For those who don't want to give the G&M any clicks, I'll summarize:
- Lucas and Shelby are teachers who are going to retire next year at the ages of 55 and 54 respectively.
- Their pensions will pay them a combined $125k per year.
- The present value of their combined pensions is $2.6M.
Read that last point again... $2.6M present value.
Lucas and Shelby are extremely wealthy by any reasonable standard.