Industry

Financial habits of Boomers, Gen X, Millenials

Each generation, from Boomers to Gen X to Millennials, have specific attitudes towards money and saving influenced by when they grew up and the realities of their life stages. “Understanding what motivates your generation to save can help identify useful financial planning strategies for each stage of your life,” says John Tracy, senior vice president, […]

By Staff |January 15, 2013

3 min read

Canadians worried about lack of retirement savings

Clients nearing retirement may be facing the hard reality that they can’t afford the post-work lifestyles they wanted. It’s likely they haven’t saved enough to cover rising inflation, changes to CPP and OAS, or the fact that they’re going to live longer. Read: Goodbye retirement? In fact, 30% of Canadians aren’t sure how long their […]

By Staff |January 15, 2013

2 min read

Canadians aren’t tracking spending

Canadians are taking a carefree approach to spending. Only 29% keep track of fixed expenses, such as mortgage, rent or car payments, while 32% don’t track expenses at all, finds poll by Edward Jones. And with the Canadian household debt-to-income ratio reaching new highs, it’s even more important to watch where your spending. According to […]

By Staff |January 15, 2013

1 min read

Mutual fund investors need advice

More than half of Canadians who own mutual funds agree choosing the right fund is neither simple nor straightforward, yet most spend more time planning luxuries instead of annual investments, reports ING DIRECT. On average, 3.4 hours a year are spent planning mutual fund investments, compared to a major technology purchase such as a smartphone, […]

By Staff |January 15, 2013

2 min read