By iA Private Wealth, June 20, 2019
Although numerous gender barriers have been broken down over the years, at least one remains – women have less money saved for retirement than men. It’s been recently reported that 25% of Canadian women have contributed fewer dollars toward retirement than their spouses1. The same survey highlighted that women worry more than men about meeting their future financial needs and don’t feel as prepared for retirement. Indeed, research shows that fewer women than men have a formal retirement plan (22% versus 32%, respectively), while 43% of women age 55 and older indicated they had no formal plan at all.2
Better planning for a better future
With the unique challenges and opportunities facing them, women can help to ensure their future well-being through proper retirement planning. For women, having a plan in place:
The results of good planning and working with an experienced Investment Advisor include empowering women to overcome the risks specific to them and turning fear about the future into peace of mind. As a leading wealth management company with one of the largest independent advisory networks in Canada, iA Private Wealth understands the unique wealth planning needs of women today.
This article is a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.