16.11.2017 16:01:00

Media Advisory - 2017 National Financial Planning Week

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Making Other Plans – 2017 Edition for Québec Media

MONTREAL, Nov. 16, 2017 /CNW/ -

Financial tips & facts from RBC Financial Planning

WHICH… financial goals are top of mind for Québec consumers?*

  • Saving for retirement – 48% (vs. 52% nationally)

  • Saving for a rainy day – 48% (vs. 49% nationally)

  • Reducing or eliminating debt – 42% (matching 42% nationally)

    • WHO… can financial planning help in Québec?*

  • 85% who worry about saving now vs. saving for the future (vs. 76% nationally)

  • 50% who have only thought "a little" about how to be financially prepared for unexpected life events (vs. 52% nationally)

  • 57% who don't yet have a financial plan (vs. 56% nationally)

  • 59% of business owners who have not yet planned what they would do if they aren't able to run their business as long as they want to (vs. 51% nationally)

  • 45% who worry if they'll have enough savings for retirement (vs. 46% nationally)

  • 28% who haven't yet started saving for retirement (vs. 29% nationally)

    • * Quebec residents aged 18 and over – from RBC 2017 Financial Independence in Retirement Poll

     

    WHAT… are the 3 top tips RBC Financial Planning has for Québec consumers to help them manage their finances?

  • Have a formal financial plan that you review regularly as your life changes, to help you stay on track to reach your goals.

  • Prioritize your debt payments by reducing your high interest debts as much and as quickly as you can.

  • Pay yourself first – a simple but very effective approach to saving, particularly when you set up automatic savings.

    • WHO… can media talk to about financial planning advice for Quebec consumers?

    • Brigitte Felx, Financial Planner, RBC

    WHERE…can Québec media find more information? 

    • Please contact Denis Dubé, Director, Media and Public Relations, RBC
      514 874-6556 denis.dube@rbc.com

    SOURCE RBC Royal Bank

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