Avez-vous cumulé assez pour votre retraite ?

Pour le privé, c’est non, pour le public, ils ne le savent pas encore ou joue au simple déni, mais ils sont insolvables.

Les Québécois veulent prendre leur retraite à 61 ans, en moyenne, mais ils n'ont pas l'épargne nécessaire afin de passer à l'acte dans le confort.

C'est la principale conclusion tirée d'un rapport publié jeudi par la Banque TD concernant l'âge de la retraite.

Par contre, 76% reconnaissent qu'ils disposent de moins de 100 000 $ d'actifs financiers. Plus troublant encore : près du quart, soit 23%, avouent n'avoir rien mis de côté pour leurs vieux jours

Ce sondage nous apprend qu’une forte proportion de Québécois veut prendre sa retraite à l’âge de 61 ans.  En soit, c’est un objectif louable.  Où le bas blesse c’est que 57 % d’entre eux possèdent moins de 50 000 $ dans leur REER.  Pire, 76 % reconnaissent que leur actif REER est inférieur à 100 000. (1)

Mais nos voisins du Sud, sont encore plus désespérés que nous, car ils ont subi la crise immobilière, et dîtes-vous, nous ne sommes pas à l'abri de cette mésaventure.

Car ce n'est pas la hausse des intérêts qui est la cause principale de l'éclatement d'une bulle immobilière, même, si nos prétendus politiciens et économistes des banques le disent, c'est quand les consommateurs n'ont plus confiance à l'économie, que la bulle éclate.

Qui veut acheter une maison à 300,000 $ si tu n’es même pas sûr de ton emploi.


Extrait de : Retirees face a perilous financial decade ahead, My Budget 360, March 24th, 2012

Retirees face a perilous financial decade ahead – Over 30 percent of workers have less than $1,000 saved for retirement.

While financial institutions can rearrange assets and play around with accounting rules modifying reality the progression of age is hitting millions of Americans.  There is no pause button when it comes to growing old.  Recent surveys are highlighting a very challenging road ahead for retirees.  A survey released by the Employee Benefit Research Institute (EBRI) shows a cardinal sin for many Americans.  Many have not saved for retirement. 

There are a variety of reasons why this has happened. 

·         Stagnant wages and rising costs to live life have consumed a bigger proportion of disposable income. 

·         The defined-benefit plan is also going the way of the dinosaurs. 

The pension, once a cornerstone of retirement for Americans is now becoming a relic of the past.  What happens when you have the biggest cohort of retirees hitting with a nation deeply in debt.

30 percent have less than $1,000 to get through retirement

The data on retirement is rather ominous given the large flood of retirees now entering the system.  The recent survey by the EBRI found some troubling statistics:

US Total saving by Workers

Source:  EBRI

“Many workers report they have virtually no savings and investments. In total, 60 percent of workers report that the total value of their household’s savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000.”

Nous sommes techniquement mieux que les Américains, par contre,nettement insuffisants pour satisfaire une retraite décente, par contre, on n’a pas encore subi de crise immobilière.

Given that the per capita wage is $25,000 it is understandable that many Americans have been unable to save for retirement.  As we mentioned before, pension plans have become much rarer in today’s work environment.  Employers have largely shifted to 401k plans where saving was largely the worker’s responsibility.

US Amount saving need for retirement

While those in the silent generation, people born with memories of the Great Depression, saving money was a big deal; many of the subsequent generation went down a different road.  Baby boomers as the chart above highlights have done a poor job and many simply relied on debt to purchase into the consumption lifestyle.  This isn’t a question of not knowing that you need money to live into retirement.  Most understand that they need a sizeable portion for retirement:

This is a perfect example of understanding reality but actions do not go together.  Roughly 60 percent of Americans realize they need $250,000 or more to live into retirement.  Yet 60 percent of Americans have saved up $25,000 or less for retirement!  How will people catch up?  Many will not given that roughly 10,000 baby boomers will retire each day for the next 19 years.  Is it any surprise that net worth figures look bad for both young and old alike?