The Woo Group Review RBC Wealth Management Hong Kong USA - 0 views
started by rjanet61 on 26 Mar 15
started by rjanet61 on 26 Mar 15
started by rjanet61 on 26 Mar 15
started by rjanet61 on 26 Mar 15
Santa's checking his list, but how's
his retirement plan? Some considerations for Mr. Claus from RBC Financial
Planning
TORONTO, December 19, 2014
- Santa Claus is someone who knows the
importance of making a list and checking it twice. To help ensure he's placing
the same importance on making his financial plan and checking that at least
once a year, RBC Financial Planning has some
advice for Santa to consider once he's finished his deliveries for the year.
If Santa has a financial plan
but hasn't written it down yet, he can put his list-making skills to good use
during his hiatus. Approximately 43 per cent of Canadians have financial plans,
but of those, 33 per cent say their plans are "in my head", which means these
plans can't be shared with family or financial advisors to track progress and
update as needed.
Even if Santa's not ready to
retire yet, he should still be planning for the day when he hangs up his red
suit for the final time. Santa may be interested to know that many Canadians
(74 per cent) feel good and even "great" about their retirement planning,
knowing they have a financial plan in place - all the more true (77 per cent)
for Santa's age group (55+).
A busy man like Santa also
might appreciate that one-in-three Canadians (36 per cent) works with a
financial advisor - almost half (46 per cent) of Santa's peers (55+) do so.
Also, if Santa has an RRSP, he's among the
majority of Canadians who are now RRSP-holders (55 per cent).Finally, when
Santa next updates his retirement planning list and checks it twice, he'll find
a bag- full of online resources to help him at RBC Financial Planning and on
RBC's Senior Life website.