RRSP is just one part of a retirement plan: Dale Jackson [BNN Bloomberg (Canada)]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: BNN Bloomberg
Whether you squeak by or not, making sure you have enough money to retire goes well beyond this year's contribution; and goes even further than your RRSP. According to the latest BMO Retirement Survey , meant to coincide with RRSP season, Canadians estimate they need an average $1.7 million to retire comfortably. The perceived target varies wildly across the country with more than one-third saying they are unlikely to meet their retirement goals. $1.7 million might seem overwhelming but the survey is merely a guess-timate that might not take into account personal circumstances and income sources in retirement. In other words, you might be closer to your goals than you think. Online retirement calculators can help estimate how your savings jive with your expectations but a qualified, human, advisor can give you the most accurate snapshot. Whether you plan for retirement through an advisor or go it alone, here are some basic factors you need to determine to find how much you ne
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