Oct 25, 2012
By Bob Komsic
Sun Life Financial and CARP has released the results of a poll showing that while the majority of respondents age 45-plus expect to live past the age of 80, one in three of the Zoomers surveyed say they’re relying on selling their investments in real estate for financial support during their retirement years.
Sun Life Financial and CARP surveyed CARP members over four days.
CARP is a 300,000-plus member organization supporting a New Vision of Aging for Canada.
When it comes to longevity and retirement planning, the poll found that almost nine in 10 expect to live past age 80, with almost a third expecting to live past age 90.
It also found that over half have not factored long-term care costs into their retirement plan….. and that approximately 40 per cent overall remain worried about outliving their savings.
Moses Znaimer, President of CARP and Zoomer Media Limited says people are living longer and better but they still need to be prepared for the unexpected so they can live the retirement they want on their terms.
Znaimer says “We offer resources on all our media platforms that Canadians can access to educate themselves on retirement planning including Zoomer magazine, The New AM 740, Zoomer Radio, ZoomerMedia Digital properties, not to mention the ZoomerShow this weekend where they can connect with a CARP Recommended Sun Life Financial advisor.