BMO Annual Valentine's Day Study: For Couples, Love Is In The Air...But Not Talk Of Retirement
Canadian couples not discussing key retirement planning details - More than half of Canadian couples have not discussed their desired retirement lifestyle, when or where to retire or the amount of money they'll need - Almost one-third do not have detailed insight into how much their partner has saved for retirement - For Canadian couples retirement planning is more stressful than Valentine's Day
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/10/12 -- With Valentine's Day just days away, BMO Financial Group released its Second Annual Valentine's Day Retirement Study which focuses on communication between couples on retirement planning.
According to the study, conducted by Leger Marketing, 69 per cent of Canadian couples state they have had a discussion with their partner about retirement plans. However, when examined more closely, fewer than half have discussed the essentials, including:
Almost one-third (30 per cent) of Canadian couples do not have detailed insight into how much their partner has saved for retirement, including how much they have in their Registered Retirement Savings Plan (RRSP).
"We hear that communication is essential in a relationship-but that should include talking about finances and plans for retirement too," said Tina Di Vito, Head, BMO Retirement Institute. "The sooner couples have a detailed retirement 'talk', the easier it will be for them to develop and implement a financial plan that will help them realize their ideal retirement lifestyle."
The survey also found that fewer than one-third (27 per cent) of Canadian couples take advantage of spousal RRSPs, with one-quarter (26 per cent) not even knowing what they are. According to Ms. Di Vito, spousal RRSPs offer a tax-effective way to split your taxable income with your spouse at retirement.
With Valentine's Day and RRSP season on their minds, survey respondents were also asked what causes them more stress - Valentine's Day or planning for retirement:
The online survey was conducted by Leger Marketing from January 30 - February 2, 2012, with a sample of 926 Canadian adults who are not currently single. A probability sample of the same size would yield a margin of error of +/-3.2 per cent, 19 times out of 20.
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Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Datum: 10.02.2012 - 11:00 Uhr
Sprache: Deutsch
News-ID 113270
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TORONTO, ONTARIO
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Commercial & Investment Banking
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