More than half of Canadian parents are supporting their adult children financially
The numbers show a clear preference among younger workers for TFSAs
The results underscore the need for spending less and saving more every day, for emergencies and for retirement
Help your clients avoid these common misconceptions and missteps that can put their retirement at risk
The growing level of concern stems from the growth of DC pension plans that don’t provide guaranteed payments to retirees
Income inequality helped push Canada down to the 11th spot in Natixis' annual ranking of developed nations
Seniors and younger millennials feel particularly positive about being financially comfortable during retirement
But 50% of Canadians surveyed for a Natixis report believe an inheritance is an important part of retirement income and 45% expect to receive one
A staggering percentage of Canadians would even dip into their savings or take on debt to complete these renovations
Peter Bowen, vice president, tax and retirement research, Fidelity Investments Canada, discusses research from the 2017 Fidelity retirement survey about the impact of financial plans on clients’ lives.