Your client's preferences should drive spending plans
Ensuring that Canadians are adequately prepared for retirement will require a number of reforms
Many clients nearing retirement have no plan to meet unexpected circumstances
Advisors can help pre-retirees’ expectations fall more in line with retired boomers’ experience as RBC study finds a wide gap between them
Pre-budget submission recommends higher RRSP contribution limits and the elimination or RRIF withdrawal minimums
CLHIA counters IE editorial supporting expansion of public pensions
Employed Canadians and small business owners favour RRSPs and TFSAs over mandatory CPP increases
The report outlines 10 principles for an ideal retirement system
Canadian retirees spend an average of $2,400 a month on expenses
“Err on the side that a client may live longer”