Contrary to what the current debt-to-income ratio suggests, Canadians have the right mindset when it comes to dealing with their mortgage debt. Eager to leave their mortgages behind, almost three-quarters (72%) of Canadians are taking at least one step to becoming mortgage-free quicker, finds a recent Scotiabank poll. Read: Canadians rely on property to fund […]
Forget Caribbean cruises or golfing vacations in Dubai, most Canadians saving for retirement are aiming for a comfortable life when they do get there. However, many are not confident they will save enough to achieve this, finds a BMO Retirement Institute report. Titled Home Sweet Home or Retirement Nest Egg, the study also reveals one-third […]
Banks have faced more rigid capital and liquidity policies due to the recession, and now insurers are struggling with the same challenge.
A third of Boomers plan on selling their real estate investments for financial support during their retirement years.
Most men and women have different approaches to finances and investing. And it seems the same is true whern it comes to managing household debt.
TD asked what retirement meant to you, and thousands answered. It’s not just about withdrawing from your occupations. It means freedom, financial security and the ability to travel, say Canadians. Read: 5 risks to retirement income “It’s important to take the time to define what retirement means for you: it helps you get started on […]
Portfolios may still be bruised, but the rising tide of boomers means it’s time to talk retirement.
One-third of Canadian employees are willing to sacrifice a portion of their compensation in exchange for retirement security, finds Towers Watson. Meanwhile, one-in-four would give up a bonus for additional retirement benefits. Read: Help a client choose whether to commute his pension “[There’s] concern among Canadian workers about whether they will outlive their retirement savings,” […]
The scale of longevity risk is too vast for insurers alone without the development of a capital market, says new Swiss Re report. Titled A Mature Market: Building a Capital Market for Longevity Risk, the report says a liquid capital market in longevity risk can ensure long-term funding of people’s longer lives. Read: CPP and […]
Over half of baby boomers (57%) would rather work longer so they can maintain their current lifestyles as they enter retirement, finds a CIBC poll. Further, 24% plan to carry debt into retirement. Of those, 80% will carry debt throughout their entire retirement. This suggests they have no immediate plans to pay it off, and […]