retirement planning – Benefits Canada.com

75% of older Canadians worrying about financial security: survey

lbailey — Fri, 05 Nov 2021 13:00:56 +0000

Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]

The post 75% of older Canadians worrying about financial security: survey appeared first on Benefits Canada.com.

Canadian near-retirees expect to outlive savings, postpone retirement, finds survey

lbailey — Thu, 26 Aug 2021 19:00:33 +0000

A fifth (21 per cent) of Canadians who are nearing retirement with more than $100,000 in investable assets said they expect to outlast their savings by 10 years, compared to 16 per cent in 2010, according to a retirement readiness survey by the Royal Bank of Canada. Indeed, the coronavirus pandemic has caused some Canadians […]

The post Canadian near-retirees expect to outlive savings, postpone retirement, finds survey appeared first on Benefits Canada.com.

More plan sponsors meeting members’ retirement goals in 2021: survey

bwolfe — Thu, 29 Jul 2021 13:00:50 +0000

A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent in 2020, according to a new survey by Fidelity Investments Inc. While 68 per cent said their employees are saving enough for retirement — up from 59 per cent in […]

The post More plan sponsors meeting members’ retirement goals in 2021: survey appeared first on Benefits Canada.com.

U.S. employees lacking access to financial wellness programs: survey

bwolfe — Tue, 27 Jul 2021 19:00:19 +0000

A majority (63 per cent) of U.S. employees said their employer doesn’t offer a financial wellness program, according to a new survey by the Defined Contribution Institutional Investment Association. It found only 18 per cent of respondents have access to financial wellness resources through their employer and, of these respondents, just eight per cent have […]

The post U.S. employees lacking access to financial wellness programs: survey appeared first on Benefits Canada.com.

Is dynamic risk management the key to decumulation?

mschmit — Tue, 15 Dec 2020 05:07:54 +0000

Many defined contribution pension plans contain a built-in contradiction. During accumulation, they offer an array of investment choices — sometimes too many. In decumulation, by contrast, the choices are very limited — perhaps to a conservative balanced fund and an annuity. Many plan sponsors don’t pay enough attention to decumulation because they’re focused on removing […]

The post Is dynamic risk management the key to decumulation? appeared first on Benefits Canada.com.