Robert McLister·Reverse Mortgages·November 6, 2007After You Pay Off Your Mortgage How much of your working income will you need after you’re retired and your mortgage is paid off? It seems the pro’s can’t agree. According to the National Post, the experts suggest you save enough to replace the following proportions of your income: 50%, according to actuary Malcomn Hamilton 70% is the financial planning standard 80-85% is what Fidelity Investments recommends 105% says pension consultants Watson Wyatt The average is 77%, but the typical Canadian is on track to replace just 50%. It’s no wonder that reverse mortgages are growing in popularity. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.