Parents are eager to provide financial assistance to their children — but at what cost?
RBC finds boomers have a savings shortfall, while ATB finds female investors in Alberta lack confidence
Fidelity Investments also found that almost half of Canadians expect to carry debt into retirement
Survey finds only 28% of those polled are familiar with tax credits associated with caring for dependent parents
Many families unfamiliar with tax credits, grants and other financial assistance programs associated with post-secondary education
Employer plans, OAS and GIS were the least understood topics
But advisors aren’t as popular with Gen X investors
Franklin Templeton study finds boomers who work with advisors are confident about their savings
A growing body of research demonstrates that clients leave the workforce earlier than they planned
The majority of millennial respondents would choose a human advisor over a robo