CALGARY – A new survey suggests Albertans lead the country in feeling comfortable that they are on track to achieve their retirement goals.
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Tag Archives: RRSP
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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Albertans contributing to their retirement
CALGARY — More Albertans than Canadians say they will invest in their retirement this year, according to a new poll released Monday by CIBC.
The poll said 65 per cent of Albertans say they will contribute to an RRSP, TFSA or both in 2013 compared with 60 per cent of Canadians.
Of these Albertans: 37 per cent said they will contribute to both; 18 per cent said they will contribute only to an RRSP; and nine per cent said they would contribute only to a TFSA.
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Unused RRSP contribution amount could hit $1 trillion by 2018
CALGARY — The total unused RRSP contribution amount in Canada stood at about $500 billion as of 2011 and is estimated to exceed $1 trillion by 2018, says the BMO Financial Group.
In a report released today, the bank’s third annual national Registered Retirement Savings Plan study indicated that an increasing number of Canadians have an RRSP. In Alberta, 69 per cent of people have a plan, just higher than the national average of 67 per cent.
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