Has your retirement plan taken a hit from the pandemic? How have Canadians’ retirement portfolios performed during the pandemic and how many are checking to see if it is still on track?
One in four working Canadians reported that the pandemic has impacted their retirement timeline, according to The Canadian Institute of Actuaries1. Recently, a survey from Equifax showed that 61% of Canadians are worried about retiring comfortably2.
If you’re not certain about where you stand, it’s important to run the numbers, especially coming out of COVID, to make sure you’re still on track. If you’re not on track, find out what do you need to do to get back on track.
This topic came up on a recent Sunday Money Show on Newstalk1010 radio in Toronto, which features Allan every other Sunday at 2:00 pm. Allan joins with Newstalk1010 host Iain Grant to discuss the latest news impacting investors and to respond to investor calls and texts. A typical show covers seven or eight different topics, such as this discussion about finding out if the pandemic has thrown Canadian’s retirement plans off track, and what to do about it:
Do you have an investment question? Feel free to call or email me at 416 332 3863, firstname.lastname@example.org. I am happy to answer your questions on air on my next show.
Listen and Subscribe to the Podcast:
- Many Canadians concerned about their financial future are confused about credit system, Equifax, OCT 26 2021
- Living well in retirement is the goal of all Canadians, but how prepared are we?, Canadian Institute of Actuaries, SEP 28 2021