On National Post of last weekend, I found something interesting about secure future for Canadian.
When comes to comfortable retirement, Canadians want to know that is a goal within their reach. The interesting thing is that people are looking to retire with total savings of between $1-millian and $2-millian, however at the same time, many people will just contribute less than $5,000 a year toward their retirement plan. That’s a huge gap. The biggest problem is that people treat savings as something that should be done after all of the necessities are paid. Unfortunately with this kind of backwards thinking there is hardly enough money left over to save for comfortable retirement.
To have a secure future, here are something you need to do right away:
1. Create an automatic saving plan: visit and talk to your bank, they can link checking and saving accounts together and establish automated transfers between accounts at a regular interval that you select.
2. Improve your knowledge and skills of investing and wealth management: read books, take financial training or seminars, join local investing group, watch financial channel, etc.
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Lillian & Benjamin, we help families achieve financial success
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