TORONTO, Feb. 3, 2022
/CNW/ - As economic uncertainty persists, a growing number of
Canadians are adjusting their savings and retirement plans as
compared to last year. According to a recent TD survey, the
majority (59 per cent) of respondents revealed they have altered
their savings goals due to changing circumstances over the last two
years. This is in contrast to a survey conducted last year, when
only one in three (35 per cent) of Canadians said their savings and
retirement plans had been impacted by the pandemic.
As the 2022 RRSP season is in full swing and Canadians evaluate
their savings goals, TD professionals are ready to help, both in
person and virtually, offering tips and guidance around building a
financial plan and ways to meet both short and long-term savings
goals.
"There's no "one-size-fits-all" plan when it comes to saving for
retirement", says Jared Jarman,
Associate Vice President, Specialized Advice at TD. "Whether you're
just starting out on your savings journey or are dealing with a
change in your financial circumstances, we're here with advice and
tools that can help."
When it comes to investment know-how, Canadians are truly split,
with only half of survey respondents (50 per cent) claiming to be
confident in their level of investment knowledge, and nearly four
in 10 (37 per cent) saying they're not confident they'll be able to
achieve their savings goals. And while the majority (58 per
cent) of Canadians routinely set financial goals, a large number
(43 per cent) admit they do not.
Sources available for interview:
As Canadians look to be more confident in their savings journey,
Jared Jarman, Associate
Vice President, Specialized Advice at TD is available to speak
to how they can ensure their goals are reflective of their changing
needs.
About the TD Survey
Results are based on an Ipsos poll conducted online between Jan. 7 and 10, 2022, on behalf of TD. A
sample of 1,500 Canadians aged 18 and over were interviewed for
this survey.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the fifth
largest bank in North America by
assets and serves more than 26 million customers in three key
businesses operating in a number of locations in financial centres
around the globe: Canadian Retail, including TD Canada Trust, TD
Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in The Charles Schwab Corporation; and Wholesale
Banking, including TD Securities. TD also ranks among the world's
leading online financial services firms, with more than 15 million
active online and mobile customers. TD had CDN$1.7 trillion in assets on October 31, 2021. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group