Despite recession, most will retire on schedule
Good news, Dad. According to a new survey from Scotiabank and TNS Canadian Facts, almost three quarters of Canadian investors plan to retire on time. That shows that Canadians stayed focused amidst all the economic uncertainty, said Beverly Moir, senior wealth adviser at ScotiaMcLeod: “It’s encouraging to see that the majority of Canadian investors have not changed their retirement plans, which indicates that they remained invested during 2009 and stuck to their long-term plans.” Moir added: “Those who remained focused on the long-term likely benefited from the strong market rebound that occurred during the latter half of 2009.” Of the 22 per cent who will push back their retirement, more than half are nearing retirement age (45-64).