With Canada’s long-cherished retirement safety net seeming less sturdy all the time, a study suggests 56% of Canadians have doubts about their ability to afford the life they want during retirement.
Poland's President Andrzej Duda says he is asking the country's lawmakers to lower the retirement age, in a move that reverses a recent reform by the government.
Despite having higher investable assets and considerably higher contribution rates than Americans, a survey finds Australians have notably lower confidence in their ability to meet retirement goals than their American counterparts.
Retirement is on employers’ minds. Employers are revisiting how they view their retirement programs and how they view their role when active employees become retirees, said Nigel Branker, partner and leader of Morneau Shepell’s DC pension consulting practice in Ontario, at the firm’s Trends in Human Resources event in Toronto.
Working women in the United States will need to save more—and at a much faster pace—to satisfy the average cost of retirement, a report finds.
In both developed and developing economies, the risk of poverty in old age falls disproportionately on women, the Financial Times reports.
Canadians are continuing to live paycheque to paycheque and are not saving enough, causing many to delay their retirement for several years, a survey finds.
Adult children who continue to rely financially on their parents are putting a drain on the nest eggs of parents who are feeling the impact of these extra costs.
Shortly after the federal government announced it would increase the annual contribution limit for tax-free savings accounts (TFSAs) to $10,000, Liberal leader Justin Trudeau and NDP leader Thomas Mulcair both said they’d reverse the decision if elected this fall. Why? The increase will only benefit the rich, they argue.
Pre-retirees in the United States report a high level of confidence when their savings are on auto-pilot, a survey finds.