Are you really ready to retire? Why many Canadians are struggling with retirement planning Mar 24th

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Despite best intentions, many Canadians are not financially prepared for retirement. This reality is driven by a combination of factors: rising costs of living, growing debt levels, insufficient personal savings, and a lack of proper planning. Unexpected life events such as health challenges, job loss, or forced early retirement, can further derail even the most optimistic plans.

Taken together, the data points to a clear retirement readiness gap. Many Canadians hope to retire at a certain age, but the financial reality required to do so comfortably often falls short of expectations.

Related reading: Canadians fear a tougher road to retirement

Why aren’t many Canadians retirement ready?

There are a variety of factors that contribute to this issue:

Not knowing where to start. Questions like “When should I begin planning?” or “Is it really urgent?” often lead to delay. Unfortunately, procrastination can be costly, even when it feels harmless in the moment…

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