Contrary to popular belief, 83% of Canadians are prepared to maintain their standard of living in retirement, reports benefitscanada.com.

“These are enviable numbers, but they still leave 17% of households at risk of having to lower their standard of living when they stop working,” says the McKinsey report.

The households at most risk? Middle- to high-income earners.

Read more.

Here are some additional articles to help clients prepare.

Almost half of boomers don’t retire when planned

Middle class needs the most pension help

Canadians plan to work during retirement

Originally published on Advisor.ca

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