BMO Study: Half of Canadians Report Needing Help With Their Retirement Portfolios
- Fifty-six per cent need assistance with deciding which investments best suit their needs - More than half do not understand how their portfolios will react in certain markets - Only one in five need help deciding when or if to downsize to a smaller home or deciding where to live in retirement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/26/15 -- Today BMO Global Asset Management issued a study which shows that half of Canadians reported needing help with their retirement portfolios.
When asked to identify the top retirement planning issues where they need help, 56 per cent said they needed assistance with deciding which investments best suit their needs. Other aspects where they said they need help include:
"It's understandable that so many Canadians are uncertain about how to manage their retirement nest eggs- effectively saving for retirement is an important component of your financial plan. However, investing can be a big and often complex world to navigate," said Robert Armstrong, Vice President, BMO Global Asset Management. "Taking into account market volatility, diversification and your risk tolerance is a lot to consider. With so many options available, it can be challenging to find the optimal balance."
To help Canadians invest for retirement or other major life events, BMO Investments Inc. introduced BMO SelectTrust™ Portfolios and BMO ETF Portfolios - professionally managed fund solutions built to avoid the lows of volatile markets and produce returns. Offered in six risk-differentiated options, including fixed income, security, conservative, balanced, growth and equity growth, they are reviewed and rebalanced regularly.
Help with Retirement Lifestyle and Financial Decisions
The study also looked at where Canadians need help outside of how to go about investing their retirement savings:
"Retirement planning includes both financial and non-financial aspects. If you can get help with either or both, it can go a long way," said Mr. Armstrong. "A financial professional can help by creating a financial plan that identifies your short- and long-term needs, what you need to save and what you need to do to reach your goals."
Age and Regional Breakdown:
For more information on investing, please visit .
Get the latest BMO press releases via Twitter by following (at)BMOmedia.
The survey was conducted by Pollara with an online sample of 1003 Canadians 18 years of age and over, between January 26th and February 2nd, 2015. A probability sample of 1,003 would yield results accurate to +/- 3.1 per cent, 19 times out of 20. Results have been weighted using the latest census data to be representative of Canadians as a whole.
BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
BMO Global Asset Management comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp. and BMO's specialized investment management firms.
®/™ is a registered trade-mark/trades-mark of Bank of Montreal, used under licence.
Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 26.02.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 374448
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 276 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BMO Study: Half of Canadians Report Needing Help With Their Retirement Portfolios"
steht unter der journalistisch-redaktionellen Verantwortung von
BMO Financial Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
