Source: Talbot Boggs, The Canadian Press, February 6, 2019
While February is a month when many Canadians finally get down to thinking and doing something about their yearly Registered Retirement Savings Plan (RRSP) contributions, it also can be a good time to revisit your overall financial situation and make some resolutions to get more financially fit during the new year.
A recent poll by CIBC shows that Canadians need to improve their level of financial fitness.
In the poll, Canadians estimate they will need $756,000 in retirement savings to achieve the lifestyle they want in retirement but 90 per cent don’t have a plan in place to get there.
Image Source: THE CANADIAN PRESS/Adrian Wyld