Archive for September, 2011
Longer Lives Need Financial Plans To Match
Congratulations – if you’re a senior or close to it, you’re likely to enjoy a longer and healthier life than any generation before you.
According to 2006 Census data from Statistics Canada, people are living longer, with the second fastest growing portion of the population age 80 and over. Between 2001 and 2006, their number jumped to about 1,167,310 from 932,000 – marking the first time the number of octogenarians topped one million.
“Planning for retirement has never been more important,” said Investors Group tax and financial planning expert Jack Courtney. “As more Canadians live longer, they’ll also need their savings to last.”
Tags: canadian news