In part four, Peter Drake, former vice president, retirement and economic research, Fidelity Investments, Canada, gives tips on tackling the perennial question of how much should your clients save — and how to keep them on track for retirement.
In part two of a four-part series, Peter Drake, the former vice president, retirement and economic research, Fidelity Investments, Canada, outlines four reasons why clients put off saving for retirement and how advisors can help them overcome these common blocks.
Franklin Templeton survey finds that pre-retirees who work with financial advisors are more likely to make retirement planning a priority
On average, Canadian retirees are living on 62% of the income they had prior to retirement
Some conventionally held beliefs can harm your clients
The federal government’s steps to improve the retirement funding system may have a positive impact in the years ahead
Debt, taxes and potential long-term care expenses must be managed
Help your clients avoid these common pitfalls
Darren Coleman, senior vice president and portfolio manager at Coleman Wealth/ Raymond James, the challenges of investing in retirement and the need for clients to hold stocks.