27 Oct 2011

More than half of older Canadians worried about retirement prospects

A considerable number of Canadians are concerned that the global economic climate may impact their ability to retire.

According to financial services organization Sun Life Financial, a majority of respondents age 45 and older said they spent a great deal of time worrying about whether they will have enough money to live comfortably in retirement.

Included in the findings, the researchers found that 33 percent worried about losing money due to market downturns, 30 percent feared unanticipated events would drain the money they had saved and another 30 percent believed their current lifestyle would require them to continue working after leaving their jobs.

"These poll results reflect some concerns that we are hearing from our clients in the 45-plus age bracket about the economic challenges," said Kevin Dougherty, president of Sun Life Canada. "Now more than ever, it is critical to ensure you have the right plan to save enough for your retirement."

Maintaining a sufficient supply of funds either in a bank or in a personal storage unit, such as a safety deposit box, can help give retirees more financial security. Retirees can keep track of locations of their various deposit boxes and store financial records in a monitored storage building in Toronto such as Jiffy Self Storage.

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Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

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