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.
There has been a significant shift in the sources contributing to total income over the past 60 years
Only 29% of working-age Canadians believe they’ll be financially comfortable when they retire, new HSBC report finds
Those with a higher level of education are estimated to have higher savings rates in tax-preferred retirement accounts such as RRSPs
Just 22% of those who are financially unwell say they retain an advisor, meaning there’s an advice gap that needs to be filled, new Manulife report suggests
Longevity and unexpected health-care costs could derail many clients’ plans
Nearly half of Canadians are concerned about outliving their retirement assets or having to make major sacrifices in retirement
There may be less clarity about when to access pension plans or how much is needed upon retirement among many recent and pre-retirees, Vanguard study suggests
As RRSP season winds down, this should remind clients that retirement planning requires more than making an annual RRSP contribution, CIBC suggests