A recent story from Canadian Press quoted a Harris/Decima telephone survey that found Canadians were choosing to pay down debt and build savings as priorities over retirement planning this year.
In my free workbook, Retirement? 8 Vital Insights, I recommend paying down your mortgage as much as you can prior to retiring. I also question the viability of RRSPs when they are often not reliable vehicles for growing funds these days.
While I have put this post in my “In The News” category, I question just how much news it is. I don’t think Canadians are changing their focus very much at all. I think Canadians are still planning for retirement, they are just choosing which lane to put their money into as they travel toward their goal. And choosing wisely I might add.
But it’s always nice to know you can make recommendations that it takes others a national phone poll to discover!