A recent survey commissioned by Oaken Financial suggests that Canadian workers face a potential retirement funding shortfall with nearly half of respondents reporting that they either started late, or have not yet started saving for their retirement. Fifty per cent of workers aged 35 – 54 (generation X) fell into this category while 54 per […]
retirement
70% of Canadians Think They Won’t Save Enough for Retirement
A recent Scotiabank Retirement Survey revealed that while 68% of Canadians are currently saving for retirement, 70% are worried that they are not saving enough. According to the findings, the average Canadian expects to need $697,000 in retirement savings, less than the average amount of $753,000 expected back in 2017. Findings from the 2019 Scotiabank […]
Seniors want to age at own home, study shows 58% must renovate their home
Retiring in Canada is comfortable, but you might have to invest in some home renovations. Most Canadian seniors want to retire in the family home as they age, but often 58% contribute to home renos and retrofit areas of the home as part of the aging process. Let’s checks out the facts of the study. […]