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Boomers in Canada Report Mixed Outlook on Retirement

A new survey revealed while baby boomers in Canada may have unrealistic hopes about how much they can save in the few years before they retire, many are still optimistic about their personal financial situation.

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A new survey revealed while baby boomers in Canada may have unrealistic hopes about how much they can save in the few years before they retire, many are still optimistic about their personal financial situation.

Conducted by Vision Critical for the $70 billion Central 1 Credit Union, the survey showed on average, boomers who have not yet retired have $231,000 in assets and expect to retire with $707,000. Older boomers who have already retired have $344,000 in assets.

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Peter Westerman

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