Fidelity Investments Canada’s Michelle Munro discusses the anxiety pre-retirees feel
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We did a deeper dive into what’s driving the decline. And it’s the pre-retirees, those who are age 45 or older, as opposed to the Millennial generation. We also found it’s women who are feeling the pinch more and feeling more negatively. Women who are pre-retirees were more likely to say, ‘I’m never going to retire, I’m going to delay retirement.’ They’re concerned about the rising cost of living.
Advisors are already having these conversations with their clients about adult kids. They’re helping to build that eventuality into somebody’s retirement plan. Parents want to help their children but not to the detriment of their own retirement. It’s finding that sweet spot. How do they make adjustments for that? I think this discussion leads those people to decide to delay or work in retirement.
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