While conventional wisdom (and media reports) would lead you to believe that Canadian workers enjoy astounding socialist retirement benefits along with their health care coverage, the truth may be a little different.
A new LIMRA survey of pre-retirees in the Great White North found that, much like their American counterparts, a good percentage are also concerned about their ability to have a financially comfortable retirement – despite the wider prevalence of pensions and unionized employment, as well as the well-funded national Canada Pension Plan.
According to the study, 24 percent of Canadian pre-retirees (aged 50-65 and holding at least $50,000 in investable assets) lack confidence that they'll have the financial means in retirement, and will probably have a lower standard of living after they retire.
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