A recent survey revealed that Canadians around the country were feeling more confident about the financial stability of the country.
The survey, conducted by BMO Financial Group found that the vast majority of those responding, 79 percent, were feeling either more or equally optimistic about the country's financial markets. Sixty-six percent of those surveyed said that they felt comfortable when it came to retirement savings.
"Canadians are upbeat about the markets and their ability to save for retirement this year," said Tina Di Vito, head of BMO Retirement Institute. "However, the survey also indicates that there is a real need for Canadians to become more familiar with what they hold within their RSP portfolios in order to balance risk and deal with the inevitable ups and downs of the markets. People should consider a combination of investment vehicles in their RSP, including stocks, mutual funds and guaranteed income vehicles such as GICs."
Small business saving for retirement is one of the most important things in commerce today. By having enough to retire, small business owners can give themselves an advantage.
