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Only 17 per cent of Albertans in their 50s plan to carry debt into retirement.
Photograph by: MARK BLINCH , REUTERS
CALGARY ? A new CIBC poll conducted by Leger Marketing reveals that most of Canada?s 50-59-year-olds don?t intend to give up their current lifestyle as they enter retirement, despite falling short of their retirement savings goals.
The poll also reveals that some Canadians in their 50s are planning to carry debt into retirement with no immediate plans to pay it off, an approach that could reduce their retirement cash flow and jeopardize their plans to live the good life, said the poll which was released on Friday.
In Alberta, 23 per cent of people in their 50s said if they could retire earlier they would give up their current lifestyle and live modestly in retirement. In Canada, it was 25 per cent.
The percentage of people in their 50s who said they would rather work longer and live better once they retire was 57 per cent in both Canada and Alberta.
The poll also found that 17 per cent of Albertans in their 50s plan to carry debt into retirement while it was 24 per cent for Canadians.
mtoneguzzi@calgaryherald.com
? Copyright (c) The Calgary Herald
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