Dream Retirement Out Of Reach

Three-quarters of Canadians think that the retirement of their dreams is out of reach, says an RBC poll. It does show, however, that nine out of 10 say they will have enough retirement income to cover their basic needs. The survey also found that 75 per cent of retired Canadians did not know how much they spent in their first year of retirement. Those who did know said they spent about $35,000, down from $51,000 in the 2008 survey. Almost half of Canadians who have not yet retired were worried about having enough savings, while 29 per cent of retirees had the same concern.

For more information, please click the following link to read the Selectpath article: "Group RRSP Advantage". http://www.selectpath.ca/Employers/articles.php?action=display_article&article_id=8