We analysed a survey of 1,500 retired Canadians to find out if they were happy with their retirement decisions. Here is what we found out...
00:00 - Introduction to Retirement Expectations vs. Reality
01:17 - Reasons for Retirement: Survey Findings
02:31 - Expectations vs. Reality in Retirement Activities
03:43 - The Impact of Different Retirement Phases
04:59 - Standard of Living and Financial Changes in Retirement
06:13 - The Role of Income, Portfolio Size, and Pension Plans
07:29 - Retirement Expenses: Expectations vs. Reality
08:12 - Conclusion: The Importance of Dynamic Retirement Planning
KEY TAKEAWAYS
- The reasons for retirement vary greatly, with a majority of surveyed retirees citing age, desire to enjoy life, wanting to travel, and health reasons as motives for retirement.
- The standard of living during retirement varies, with those having lower income and smaller portfolios reporting a worse standard of living, while those with employer pension plans and who have been in retirement for 20 years or more report better standards of living.
- Expenses during retirement are reportedly higher or about the same as expected for most retirees, highlighting the importance of budget planning before retirement.
Clinton and Kevin are with Becker Orr Wealth Management and are both Portfolio Managers with Canaccord Genuity Wealth Management. Combined, they have over 40 years of experience.
Have a question or want to review your financial plan? Chat with us! Visit:
www.beckerorr.com/chat-with-us
"DISCLAIMER” ⚠️ Kevin Becker and Clinton Orr make content available as a service to its customers and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. If any owners would like me to remove the video, I have no problem with that; just send us a letter: corr@cgf.com
27 июл 2024
