Quote:
Originally Posted by Flamenspiel
Appreciate the advice but i am doing fine, not only that but my kid won't have to complain about it being so hard to pay for an education, so that should take care of your generation Y complaints as well!
|
Your personal anecdote is not statistically significant.
Nearly half (45%) of Canadians aged 50-59 have less than $100,000 saved for retirement, and most plan to work past the traditional retirement age of 65 to make up for their failure to save appropriately.
Source:
http://www.newswire.ca/en/story/1023...d-keep-working
Quote:
A new CIBC poll of Canadians in the heart of the baby boom (aged 50-59) shows that while retirement is just around the corner for many, they have come up short on their savings goals and plan to supplement their income by working in retirement. The poll, conducted by Leger Marketing, focused exclusively on Canadians aged 50-59, providing a unique perspective on Canada's largest demographic as they approach retirement.
Key findings of the poll include:
On average, Canadians in their 50s plan to retire at age 63, but 53 per cent say they'll keep working in retirement, with most planning to work part-time
61 per cent say they have fallen short of the savings they expected to have in their 50s
45 per cent say they have less than $100,000 put away to fund their retirement
Only about half (49 per cent) of Canadians in their 50s have met with an advisor in the last year - but those that did were feeling more positive about their finances
|