Nearly one-third of boomers don’t know what percentage of pre-retirement income they’ll need
Retirees responsible for increase in the number of Canadians classified as not in the work force, RBC economist says
Financial literacy remains a life-long pursuit, BMO report reveals
Advisors should review every income option for clients to make sure they retire at the best time
Caregiving for others a hidden factor
Planning for clients who will be retired parents of dependent children
High youth unemployment a burden for boomer parents that help out
Middle-aged investors facing multigenerational family responsibilities
Tom Deans, author of "Every Family's Business," discusses the grim facts that only one third of family businesses will transition to the second generation and only ten percent to the third generation, data that impacts retiring boomers. Deans suggests advisors should start a conversation with clients about the future of their businesses and how to protect their wealth. Deans spoke at the RCC in Toronto.
Goshka Folda, senior managing director, Investor Economics, outlines the major demographic trends that will influence investment decisions. She says advisors must encourage clients to overcome their fears and stick with their financial goals. She spoke with Jade Hemeon, Investment Executive senior reporter, at the 2012 IFIC Annual Industry Conference in Toronto.