This article has lots of different topics that each could warrant a separate article.

My anecdotal evidence of Canada's pension plan is that wealthier Canadians do still get a pension check. But because their investments are still generating other revenue, the pension is actually "clawed back" at the taxpayer's marginal tax rate.

My plan is to work another 6-7 years. Then retire. My family's mortgage will be paid off (reducing cash outflows). According the last time I looked at my CPP stats, I should be getting about $2000 a month.

Having said that, I am seeing a lot of hocus-pocus with how this $2000 is calculated. If I live 10 years after I retire, I will pull out a lot more money out of CPP that I had (and my employers) had put into my CPP account.

CPP has been investing in companies in China lately as a means to justify its hocus-pocus calculations. These investments are not safe.

And an inflation rate of 5% is expected. If we have 10 years of that rate, my $2000 a month is no longer an income I can pay the bills. Because of a long-term illness, I do not have other investments.

I think 50% of Canadians are in this situation.