Economic Uncertainty Undermines Retirement Expectations
More than 54 per cent of respondents age 45-plus have concerns about the economic uncertainty and how it may affect their retirement savings, says a poll by Sun Life Financial with its new partner CARP, a 350,000-member organization supporting a new vision of aging for Canada. When it comes to retirement planning, the survey also found more than 33 per cent worried about losing money due to market downturns and more than 30 per cent fear unexpected events that create extra expenses. “These poll results reflect some concerns that we are hearing from our clients in the 45-plus age bracket about the economic challenges,” says Kevin Dougherty, president of Sun Life Financial Canada. “Now more than ever, it is critical to ensure you have the right plan to save enough for your retirement.” Both CARP and Sun Life Financial have initiatives underway to help Canadians start planning sooner for their retirement.
Courtesy of Benefits and Pensions Monitor website News Alerts
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