u/anon987654321liftoff

My mom and dad both 63. Both immigrated to Canada 23 years ago. My dad started working and contributing for 23 years in Canada and my mom only worked for last 10. My dad has been contributing to group RRSP plan with his employer.

Here is their situation:
- live in Waterloo Ontario
- house paid off, valued at $700k
- Dad’s RRSP $200k
- No other debt
- past year my mom took home $40k
- past year my dad took home $100k

Are they okay to retire?

One of the questions they have been asking was about medical expenses, specifically prescriptions they both take to manage their health. Do retirees have some sort of benefits or government plans for pharmaceuticals?

Thanks to all in advance