A wave of Canadians gearing up for retirement will be forced to make “significant” cuts to live comfortably for the rest of their lives, an analysis from Deloitte Canada shows. The report released Wednesday looked at the finances of 4,000 Canadians between 55 and 64 years old to gauge their “retirement readiness.” Rad full story here: Most nearing retirement will need to make ‘significant’ lifestyle cuts: report | Global News
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Majority Of Baby Boomers Would Opt For Semi-Retirement If Employers Only Allowed: Poll | CBC News
The majority of working baby boomers would stay on the job longer if employers allowed them to shift into semi-retirement — but most workplaces don’t provide that option, a new survey suggests. With unemployment in Canada at record lows and a labour shortage poised to hit critical levels when boomers hang up their hats, semi-retirement could be one way to help manage that crisis. Since working longer puts more money in people’s wallets when they do retire, that increased spending power would benefit the economy as well. Read full story here: Majority Of Baby Boomers Would Opt…
Read More8 Key Things About TFSAs And How Canadians Use Them | MoneySense
TFSAs have been with us now for almost 10 years, and Canadians are cheering the much-anticipated annual contribution rise to $6,000 for 2019. In fact, the saving vehicle has become as much loved as hockey, poutine, and Tim Horton’s coffee. So this year’s BMO annual TFSA report, conducted by Pollara, offers some key insights into Canadians and their TFSA behaviour. Read full story here: 8 Key Things About TFSAs And How Canadians Use Them | MoneySense
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