Peace of Mind in Retirement: Benefit Security for ICPP Members
By Stephen Eadie, Chair of the ICPP Management Board
By Stephen Eadie, Chair of the ICPP Management Board
Most retirement savings arrangements simply aren’t user friendly. This can be especially true of many common “pension plan” designs, which leave members filling in some considerable blanks.
Retirement is top of mind for many Canadian workers, for all the wrong reasons. Many Canadians are deeply concerned about their prospective financial security in retirement.
Fees matter. Whether you’re buying a home, purchasing a car, or saving for retirement, what you spend on fees reduces the amount of money you have for the product you want.
The ICPP is designed to provide reliable retirement income for a member’s entire life.
How much money do you need to save in order to retire? It’s a challenging question to answer for most Canadian employees.
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Saving and investing for retirement is a high priority for many Canadian private sector workers. Unfortunately, individual investors are often bad at investing.
In the Canadian private sector, less than 25% of workers currently have an employer pension plan.