Retirement Planning: Survey Says Canadians in Trouble

By on Apr 26, 2011 in Lifestyle, World Comments

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Retirement planning, according to an online survey of more than 1,000 Canadians, has presented problems with the payment of debts, monthly bills and credit cards of Canadians. This is according to  the business section of news sites, April 25, 2011.

Retirees will also receive only less than 10,000 pounds a year.  Even in the UK, many future retirees would have an income below poverty.

The retirement planning for Canadians is seen to be problematic as 4 out of 10 Canadians were not able to save anything.  Even the US, has bleak future regarding retirement benefits.

Experts agree that an early plan of saving at least 10% of your pay would prevent such future misfortunes. Fox Business recommends paying your bills on time, and taking advantage of a target-date mutual fund are good considerations in retirement planning.

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