Ever notice how many of life’s biggest goals have some financial component? Have you tried to master a foreign language or run a marathon without making a significant financial commitment? Try buying a home, starting a family or helping your kids go to university. Same goes for retiring early or leaving a legacy. Without disciplined planning and saving, these goals can just slip away.
Clients often ask me if they are on track for retirement - in other words, how they may compare with other Canadians who are either living in retirement or who are preparing for retirement. This spring, Fidelity Canada released their 14th annual Retirement Survey, which reveals good insights on how Canadians are approaching that next stage in their lives. I will summarize four main areas where the report provides insights that may help you with your retirement planning.