Many Canadians believe they will run out of money 10 years into retirement, poll finds

Half of Canadians aged 50 and older believe they will run out of retirement savings within the first 10 years after leaving work, according to a new study.

As the March 1 RRSP deadline looms, the poll for the Investor Education Fund revealed that 19% of respondents have no idea how much they have saved for retirement. One quarter, (24%), do not know how much they will need to draw from their savings and investments every year after retirement.

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