Friday, April 25, 2014
Do You Really Think You Are Ready To Retire? Are You Even Close?
1)How often do you see a financial advisor?
2)When was the last time you had a financial review done?
3)How important is financial security to you?
4)Are you on track to retire comfortably or would you have to work longer than you anticipated?
5)What do you expect will be your primary source of income in retirement?
There are many more questions to be asked, but alot of the wrong answers. This is why I've committed myself to helping people in these areas. Look at this information I gathered below.
Do you know that Nearly one-quarter of Canadians plan to tap their home as a primary source of income after they leave the workforce? This is according to the 2014 Sun Life Canadian Unretirement Index. The survey also found that more than half (56%) plan to work past the traditional retirement age of 65, most out of necessity. Canadians on average expect approximately 10% of their retirement income to come from home equity, with another 30% to come from government plans, 27% from personal savings, 23% from employer pension plans, 5% from an inheritance and 6% from other sources.
Kevin Dougherty (president of Sun Life Financial Canada) made a good point : he said "With people living longer and more Canadians expecting to retire sooner, it’s important to look at what savings you will need to be fully prepared and how having a financial plan can help protect against risks that can be magnified in retirement such as market shocks and health events."
Check This Out
What do you all think about this? Looking at your situation, how do you feel about this? Message me. I would really love the feedback.
Remember this... Showing an interest in what you would like to accomplish is not the same as making a commitment. - Ken Blanchard
Have a great day everyone.
Be Blessed.
Labels:
banking,
financial,
information,
money,
news,
performance,
retire,
retirement,
success,
wealth
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