Canadians appear to have experienced a negative affect on their retirement because of COVID 19. So says a comprehensive study from the Canadian Institute of Actuaries (CIA).
The survey finds that nearly a quarter of non-retired Canadians report that the pandemic has negatively impacted theirs or their spouse’s timeline to retire.
The CIA reports that the pandemic ‘has fundamentally changed how Canadians are thinking about and preparing for retirement”.
It also finds that more than half of Canadians do not have a financial plan for retirement.
If you find yourself in the ‘ready-to-plan cohort’ I’d be pleased to show you how the Keep Your Wealth Plan does exactly that: helps you create your own successful plan for retirement.
Source* Canadian Institute of Actuaries