TORONTO, Feb. 5 /CNW/ -
WHAT: Atlantic Canadians are a hopeful lot. According to a previous
BMO Financial Group/Ipsos Reid retirement study, one in every
four Atlantic Canadian boomers said that when it comes to
retirement planning, they're "hoping for the best"(*).
In fact, more than one-third said they do not have RSPs (39%) and
almost half of those who do have them consider their RSPs to be
their financial plan (49%). In addition, one-third of all boomers
admit to not seeking financial advice.
Pre-retirees from the eastern provinces - much like their peers
in central Canada - are more inclined to spend their time
planning other activities. In fact, more than half (57%) of
Atlantic boomers spend more time planning their home renovations
(vs. 46% of Canadian boomers) than planning their retirement and
fifty-two per cent prefer to plan their diet (vs. 47%).
WHO: BMO Financial Group has local experts who can provide tips to
help Atlantic Canadians build their retirement plans. They can
- What it takes to build a retirement plan and tips for getting
- How to determine how much you'll need in retirement and what
you'll need to do now to reach your goals
- Retirement planning tips for Gen Y and Gen X - it's never too
early to start saving for your future
(*) Based on an online survey conducted by Ipsos Reid for BMO Financial
Group between November 30-December 3, 2006 among a randomly
selected sample of 1,411 respondents aged 45-60. The survey
included 103 respondents in Atlantic Canada. A survey of this size
would be produce a margin of error of approximately 9.7%, 19 times
out of 20.
For further information:
For further information: or to arrange an interview, contact: Lucie
Gosselin, Montreal, email@example.com, (514) 877-1101; JoAnne Hayes,
Toronto, firstname.lastname@example.org, (416) 867-3996, Internet: