Planning for retirement is never easy. Thankfully, the good people at the Globe And Mail did this handy piece on 4 ways to make retirement easier.
If there’s one thing to know about planning your retirement savings this year it’s this: it’s not getting any easier.
Apparently that’s what a growing majority of Canadians think. New surveys from both the Bank of Nova Scotia and Bank of Montreal show that a dwindling percentage of people plan to put anything at all this year into their Registered Retirement Savings Plans.
With RRSP investment season now under way and the March 3 deadline looming for 2013 tax filing and to get potential refunds, the Scotiabank survey finds that just 31 per cent of Canadians plan to contribute this year, compared with 39 per cent last year. BMO’s survey found that 43 per cent plan to contribute, but this, too, is down from 50 per cent in 2013.