Retiring business owners between the ages of 50 and 69 are better at financial planning and more active in preparing for retirement than the average Canadian, according to the 22nd Annual RBC RRSP Poll.
Uncertainty continues to be the only certainty in the financial markets these days, and that volatility is causing concern for Canadians, particularly those in the ‘sandwich generation’—baby boomers who are simultaneously caring for children and aging parents.
Canadian parents who also provide support to their own parents are in better physical, psychological and financial health than the average Canadian, but the sandwich generation is also concerned about the impact that eldercare is having on their own lives.
Boomers started 2011 with good intentions to put more away for retirement. However as the warm weather signals the mid-point of the year, many don’t feel they are delivering on their 2011 goals when it comes to building their savings. In a recent CIBC poll conducted by Harris-Decima, 30% of respondents aged 45-64 felt they […]
Caught in the financial crunch of caring for children and parents, many baby boomers could be struggling to find a balance between dreams and duty when they retire.
Small and medium-sized business owners can make great clients. Their net worth is usually higher than average and their complex needs allow the advisor to demonstrate their expertise in tax and estate planning. If there is one area that needs special attention, however, it is succession planning. Nearly half of Canadian family business owners have […]
As the New Year euphoria dies down, the veil lifts on a reality that’s not so bright and breezy. The year 2011 brings with it the burden of baby boomers, the oldest of whom, turning 65 this year, will trigger a wave of retirement. While many of them have some kind of financial plan, savings […]
As the clock keeps on ticking, Canadian baby boomers are beginning to fret more and more.
Generation X and their baby-boomer parents are on the same wavelength when it comes to retirement and saving for it, according to new research by Investors Group. Results of a new poll probing the retirement mindset of Gen Xers found that 58% have a clear vision of their life during retirement and how they will […]