Boomers Play While Retirement Looms

1/2 of Canadian Boomers are spending more time planning their travel, exercise, diet, home renovations than their retirement

1/2 don’t have a written financial plan, 22% describe their strategy as ”hoping for the best“

30% of Boomers don’t have an RRSP; 48% of those who do consider the RRSP to be their financial plan

49% of Boomers spend more time planning exercise than theirretirement. The figure was 47% for planning their diet, 46% for renovations, 43% for travel, 33% for car maintenance

33% of Boomers expect to spend less than a decade in retirement, while only 18% believe they will be retired for 20 years or more