BMO Study: Financial Plans Are Critical in Helping Face Life's Major Milestones
- Eighty-five per cent of Canadians are confident that their financial plan will help them achieve financial goals such as buying a home, having children and saving for retirement - Two-thirds have a financial plan; 44 per cent review their plans a few times a year - BMO's Financial Planning website offers a variety of online calculators, worksheets and checklists to help Canadians feel more confident about reaching their goals
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/16/12 -- With the start of Financial Planning Week days away, BMO Financial Group today released a study which found that Canadians understand the value of a financial plan - especially for tackling life's major milestones.
According to the study, 85 per cent of Canadians with a financial plan are confident that their plan will help them achieve their financial goals; most believe it is essential for being prepared for major milestones. The report shows that:
"The key to achieving your financial goals tomorrow is creating a plan that starts today," said Marlena Pospiech, Senior Manager of Enterprise Wealth Planning, BMO Financial Group. "Whether you are saving for a house, a family or a well-earned retirement, a personalized financial plan will help you achieve your short and long-term goals."
How often should Canadians review their financial plan?
The study also found that 44 per cent of those with a plan review it a few times a year, while more than one-quarter (28 per cent) go over it monthly. Nineteen per cent conduct an annual review.
"It's critical to review your financial plan on a regular basis - once a year or when a major life event occurs," added Ms. Pospiech. "A financial professional can help you understand your options, offer checkpoints to follow your progress, adjust your plan as your circumstances change, and work with you to ensure you stay on track for success."
BMO Financial Planning Website offers a variety of tools and resources
To help Canadians, BMO launched a new financial planning website at bmo.com/confidence. This interactive site allows Canadians to understand better how financial planning sets them on the right path to achieving their goals. It features a full range of online tools to help Canadians get started:
BMO offers the following tips on how to get started with financial planning:
For more information on BMO Financial Planning: .
Get the latest BMO press releases via Twitter by following (at)BMOmedia.
The online survey was conducted by Pollara with a random sample of 1,000 Canadians 18 years of age and over, between September 6-10, 2012.
Contacts:
Media contacts:
Amanda Robinson, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Datum: 16.11.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 204524
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TORONTO, ONTARIO
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Commercial & Investment Banking
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