May 16 roundup
On mortgages in retirement, excessive spending in kids sports and record booze sales in Ontario.
On mortgages in retirement, excessive spending in kids sports and record booze sales in Ontario.
•More than half of Canadians expect to carry a mortgage in retirement, according to a new poll by BMO. B.C. residents were the most likely to expect being indebted in their Golden Years at 59%, followed by Quebecers at 58%. Not your idea of “freedom 55?” Boomer and Echo has tips to help you pay off your mortgage faster.
•Do kids really need high-tech gear to play recreational sports? MoneySense contributor Preet Banerjee writes about excessive spending in sport and how it’s creating a class divide.
•Younger workers are more attracted to the idea of taking at least a portion of a retirement account as guaranteed income than older workers, a new U.S. study has found. This risk-averse attitude of young professionals worries financial planner Roger Wohlner. Here’s why.
•Ontario’s liquor board reported another year of record sales. The LCBO cleared $4.7 billion in net booze sales for 2011-12, up nearly 5% over the year before.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email