This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Canadians Cut Their Retirement Savings Goal By More Than $200,000: RBC Poll

Longevity: Canada's aging population is a reality. According to Statistics Canada, Canadians aged 65 in 2012 can expect to spend more than 20 years in retirement. The average male retirement expectancy is 18 or more years; for women it is 21 plus years. Retirement is not a single phase of your life but a series of stages and living longer does not necessarily mean living the same. How will your time horizon impact your retirement savings?

Health: Your personal health can affect your enjoyment of your retirement years as well as your income. Almost one third (30 per cent) of retirees say the cost of healthcare is among the top concerns in retirement. Do you have health concerns? Have you planned to ensure healthy aging? Have you considered the costs associated with potential or real health concerns?

Inflation: One-third of retired Canadians (32 per cent) state that inflation and the effect it might have on their retirement finances is among top concerns. What measures have you taken to manage inflation? How will you maintain a sustainable level of income in retirement amidst unforeseeable circumstances?

Work: Among the Canadian working population, 42.4 per cent are between the ages of 45 and 64, a record high proportion, according to Census Canada 2011. Canadians are increasingly choosing to continue to work or return to work after retirement. The RBC Poll found 27 per cent of Canadians say they will never retire and 23 per cent plan to open a business in retirement. Have you considered whether you would choose to fully retire or return to work during retirement?

"Planning for retirement is so much more than just a magic number and this is where financial advice can ensure all aspects of retirement are explored to ensure you have the retirement you want," added Round.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs