Media Advisory for National Financial Planning Week

Making Other Plans – 2016 Edition

TORONTO, Nov. 21, 2016 /CNW/ -

Financial tips & facts from RBC Financial Planning

WHICH… financial goals are top of mind for Canadians?*

1. Saving for retirement – 54%
2. Saving for a rainy day – 46%
3. Reducing or eliminating debt – 42%

WHO… can financial planning help?*

1. 75% of Canadians who worry about saving now vs. saving for the future
2. 34% of Canadians whose financial plan is "in their heads"
3. 31% of Canadians who haven't yet started saving for retirement

* All Canadians aged 18 and over – from RBC 2016 Financial Independence Poll

WHAT… are the 3 top tips RBC Financial Planning has for Canadians to help them manage their finances?

1. Have a formal financial plan you review regularly as your life changes, to help you stay on track to reach your goals.
2. Prioritize your debt payments by reducing your high interest debts as much and as quickly as you can.
3. Pay yourself first – a simple but very effective approach to saving, particularly when you set up automatic savings.

WHO… can media talk to about financial planning advice for Canadians?

• Stuart Gray, Director, Financial Planning Support, RBC

WHERE…can media find more information?

• Please contact Kathy Bevan, RBC Communications, 416-974-8820

SOURCE RBC Royal Bank

For further information: Kathy Bevan, RBC Communications, 416-974-8820, [e-mail]