Sunday, February 9, 2014

Do You Have A Retirement Financial Plan Ready?

A survey of Atlantic Canadians approaching retirement age shows more than half of them are going to work past age 65. The Harris-Decima survey for Scotiabank shows 4 of 10 plan to work out of financial need. In a CKBW and HANK-FM News interview, Scotiabank senior financial planner Islay McGlynn says going into retirement blinded is not a good idea! She says we all need to sit down with a financial planner and prepare.

McGlynn tells us planning ahead will make life a lot easier once you do decide to retire.

According to the survey, only 14 percent of Atlantic Canadians have a written financial plan already in place.
Thats 13 percent lower than the national figure of 27 percent.