Portfolio Manager Talks About Retirement Savings At SACPA: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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Portfolio Manager Talks About Retirement Savings At SACPA

 
 

LETHBRIDGE - Portfolio Manager Shawn Hass was the guest speaker at SACPA on Thursday, talking about investments, pensions and retirement.

 

He says retirement saving numbers are down considerably over the last few years and younger people are putting in less money than in the past. "You've had a war generation and a savings generation that's came and gone and now we're starting to see a trend where young people today don't have the savings habits, they don't have the discipline, they're not starting early, and their expenses are, in most cases, much greater than their incomes at this present time, so it's a real area of concern."

 

Hass also feels that government pension plans are probably not enough to rely on. He says "the guideline is that you usually need about 50 to 70 percent of your pre-retirement income when you go into retirement and for most people the government benefits will not cover that, so you're going to have to be relying on yourself to bridge the gap."

 

Hass adds it's important to manage what your expectations are for going into retirement and consider what your expenses might be and feels it's never too late to start saving.



Posted on Thursday, January 30, 2014 at 4/18/2014 4:11:27 PM
Source: Tristan Tuckett - Country 95 News
 
 
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