Thinking about retirement? Think again - MoneySense

Thinking about retirement? Think again

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


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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