Tina Di Vito, head of the BMO Retirement Institute and author of “52 ways to Wreck Your Retirement... and how to rescue it” discusses the de-accumulation challenge advisors will be facing as boomers retire in record numbers. With over 10 million Canadians reaching the age of 65 within two decades, Di Vito outlines strategies for this client demographic. She spoke with Investment Executive reporter Megan Harman at the TMX Broadcast Centre in Toronto.
More than half of boomers say they had a plan written down, compared with just over one-quarter of younger Canadians
The gap between retirement and end of life is growing, and many clients want products that will ensure they never run out of money
Finance minister believes the Canadian economy will continue to grow modestly in 2012
Advisors can help clients choose the most appropriate pension investment options
Concerns about having a realistic financial plan and reducing debt in retirement have increased
PM pledges to change elements of the system that are not funded to ensure sustainability
Bankers and others under federal jurisdiction no longer have to retire at 65
Poll reveals a divide between Canadians who are planning for retirement, and those who aren’t
Top financial priorities include home ownership and retirement savings