Contrary to popular belief, 83% of Canadians are prepared to maintain their standard of living in retirement, reports benefitscanada.com.
“These are enviable numbers, but they still leave 17% of households at risk of having to lower their standard of living when they stop working,” says the McKinsey report.
The households at most risk? Middle- to high-income earners.
Here are some additional articles to help clients prepare.
Almost half of boomers don’t retire when planned