Elon Musk Says You Won’t Need to Save for Retirement. Is He Right?

On this week’s episode of More Than Money, Leanna Wachniak and Rob Gerrie break down a recent Globe and Mail article, “Here’s Exactly How to Retire a Millionaire on a Typical Worker’s Salary,” and ask the big question: is $1 million actually enough to retire?

Next, wealth management professional Preet Banerjee joins the show to weigh in on Elon Musk’s claim that in 10–20 years, saving for retirement won’t matter because AI and robots will create so much abundance that everyone will be wealthy and why betting your future on that idea could be a dangerous assumption.

Then, Leanna and Rob tackle one of the most common tension points in relationships: money… and share how couples can have healthier, more productive financial conversations before small issues turn into bigger problems.

To close out the show, they zoom out and answer some of the most common retirement questions they hear from Canadians as they get closer to making the leap.

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