Home Retirement Savings

Keyword: Retirement Savings

17 results found

Despite the coronavirus pandemic’s impact on the U.S. not-for-profit sector in 2020, employees participated in 403(b) retirement plans at the highest level since tracking began in 2008, according to a new survey by the Plan Sponsor Council of America. The survey, which polled roughly 400 not-for-profit retirement plan sponsors, found overall retirement plan participation rose to […]

  • By: Staff
  • October 20, 2021 October 19, 2021
  • 09:00

The old adage “good things come to those who wait” is especially true of Canada and Quebec Pension Plan benefits. A $1,000 monthly CPP/QPP benefit in today’s dollars at age 60 increases to $1,112.50 if the individual delays until age 61 and to $2,218.75 if they wait until age 70, equivalent to more than $100,000 […]

Canadians reported slightly higher levels of financial well-being in the summer of 2021, with many focusing on saving for retirement, according to a new survey by LifeWorks Inc. The survey, conducted among 3,000 respondents, found a financial well-being index score of negative 1.6 compared to the pre-coronavirus pandemic benchmark, up slightly from negative 2.8 in […]

  • By: Staff
  • October 5, 2021 October 5, 2021
  • 09:00
Copyright_Sergey Tinyakov _123RF

Nearly a quarter (23 per cent) of working Canadians say the coronavirus pandemic has delayed their — or their spouse’s — timeline to retirement, according to a new survey by Ipsos on behalf the Canadian Institute of Actuaries. The survey, which polled more than 1,500 Canadians aged 18 and up, found the top reason for the […]

  • By: Staff
  • September 30, 2021 September 30, 2021
  • 15:00
Canadians taking CPP at 60 losing $100,000+ in retirement income: study

About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]

  • By: Staff
  • September 28, 2021 September 27, 2021
  • 09:00

Like many other countries around the world, Poland’s aging population is increasingly highlighting the topic of retirement savings. “Each year, the number of pensioners increase while the fertility rate decreases,” says Sebastian Ludwin, a Poland-based pension projects leader and business development manager at Aon. “On top of that, the public pension replacement rate also decreases […]

  • By: Blake Wolfe
  • September 17, 2021 September 16, 2021
  • 08:53
Canadians taking CPP at 60 losing $100,000+ in retirement income: study

A fifth (21 per cent) of Canadians who are nearing retirement with more than $100,000 in investable assets said they expect to outlast their savings by 10 years, compared to 16 per cent in 2010, according to a retirement readiness survey by the Royal Bank of Canada. Indeed, the coronavirus pandemic has caused some Canadians […]

  • By: Staff
  • August 26, 2021 August 26, 2021
  • 15:00
Copyright_andreypopov_123RF

A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent in 2020, according to a new survey by Fidelity Investments Inc. While 68 per cent said their employees are saving enough for retirement — up from 59 per cent in […]

  • By: Staff
  • July 29, 2021 July 29, 2021
  • 09:00

Almost half (40 per cent) of American workers said the coronavirus pandemic’s made them more concerned about planning for retirement, according to a survey by the Indexed Annuity Readiness Council. The survey, which polled more than 2,000 adults in the U.S., also found 30 per cent of American workers said their plans to retire at […]

  • By: Staff
  • July 2, 2021 July 2, 2021
  • 15:00

A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data. The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build […]