Manulife Survey
- Already retired-22% are between 50-59 years old
- 70% are between 60-70 years old
- 17% expect to retire in the next 5years
- 13% expect to retire in the next 5-10 years
- 7% expect to retire in the next 10-15years
- 3% will work more than 15years
- 1% will never retire
- 49% will maintain their lifestyle
- 47% will have tight cashflow
- 56% in the workforce will return to work if financially necessary
- 63% expect cashflow to be tighter
- 50% don’t know how they’ll curb spending
- 68% had a plan for generating retirement income
- 24% expect any healthcare benefits from current employers
- Trend to consolidate savings with single financial solution
- 36% have done so
- 18% have consolidated with one advisor
- 37% have investments spread
- 49% don’t want undue risk
- 45% want investments to grow
- 44% are conservative investors who want little risk
- 13% will maximize risk in exchange for higher returns
- 31% are balanced investors between those extremes
National Post September 2006