We’re often told to do everything we can to retire debt-free - that hanging onto a mortgage or car loan in retirement is a recipe for disaster. But like most blanket financial advice, context matters. And for many Canadians heading into retirement, especially those with defined benefit pensions and guaranteed government income, carrying a modest amount of strategic debt can actually make a lot of sense. Let’s reframe the discussion and explore why being pension-rich but savings-poor might...
