Depressing data on retirement saving
Here is a depressing news related to my previous post on retirement saving. An RBC survey found that only 35% of Canadians will contribute to RRSP in 2009. Worse, 45% of those above 55 are not doing any retirement planning whatsoever. Worse yet, 32% of Canadians have not even started saving for retirement yet. It’s the realm of Federal (or at least Provincial) government but I am a big fan of some forced savings in this case (CPP and Old Age won’t cut it). ...
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