Retirement Challenges
Boomers, like no other generation, are challenging conventional retirement thinking. We want to protect our assets, but at the same time we want them to grow. What challenges stand in our way that could prevent us from having the retirement we want?
Canadians’ Biggest Retirement Concerns:
Outliving retirement savings
Canadians are living longer than ever before. The challenge we face is that we may now need to fund our retirement for at least 25 to 30 years.
Inflation
Inflation can erode the value of your savings affecting your ability to fund your retirement plans.
The demise of guaranteed pension plans
The cost of operating a defined benefit pension plan has forced many companies to phase them out. Now the onus, and risk, of funding your retirement is being shifted on to you.
Market Volatility
Markets are unpredictable and at time extremely volatile. Declines in the stock market can dramatically reduce your ability to fund your retirement.