Women more active in retirement planning: survey

February 19, 2020

More than seven in 10 Canadian women aged 45 and up — whether married or single — are confident that they’ll be able to afford the lifestyle they want to have in their retirement, according to an RBC Insurance survey.

Sixty per cent of women have put money into RSPs and TFSAs. Many are also working with a financial advisor (37 per cent), cutting down on non-essential expenses (29 per cent) or buying stocks, bonds or mutual funds (27 per cent).

“Last year we learned that women were feeling generally confident about their finances for retirement and we wanted to dig a little deeper to understand the reasons why,” says Selene Soo, director of wealth insurance at RBC Insurance.

Source: HR Reporter