Thinking about retirement? Think again

Yet another poll indicates that many Canadians are unready for retirement.

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The bad retirement news just keeps coming. Last week, BMO released the results of a survey indicating that older Canadians are unprepared for retirement. Today, an Ipsos Reid survey conducted for the Canadian Institute of Actuaries reports exactly the same thing.

42% of Canadians older than 45 consider themselves unprepared for retirement, says the poll, and almost the same number hadn’t sought any financial advice — not even in a book.

And while many Canadians are working to retire early, one in five poll respondents expects that they’ll never be able to retire fully.

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