The Canadian Money Roadmap $1.7 Million & 1.7%: Retirement Needs and Returns Missed
First episode of the month means another batch of New and Noteworthy. I take a look at a survey from BMO that found Canadians feel like they need $1.7 million to retire and give some reasons why that may or may not be the "right" number. Secondly, I review some research from Morningstar that looks at why investors' returns have been consistently lower (1.7% on average) than the funds and ETFs they invest in.
Canadians now expect to need $1.7M in order to retire: BMO survey
Mind the Gap 2022: A report on investor returns in the United States.
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