Two-Thirds (68%) of Pre-Retired Boomers Have Not Discussed All Aspects of Retirement with Their Spouse or Partner

Toronto, ON - A new study conducted by Ipsos Reid on behalf of RBC and their annual Retirement Myths & Realities Poll, reveals that most Canadians aged 50 and older who are not yet retired have yet to discuss all the facets related to retirement with their significant others. Only one in three (32%) pre-retired boomers has discussed all of the following topics with their spouse or partner:

• Travel plans
• Financing retirement
• Activities
• Living situation
• Life management in result of significant other passing away
• Managing health issues

The three topics these Canadians are most reluctant to discuss are managing health (86%), life management if the other passes away (81%), and activities to do in retirement (65%), while fewer than two in five have discussed how they will finance retirement (36%) and where they will live while doing so (36%).

The results of the RBC poll also found that men and women have very different expectations about how they will occupy their time in retirement. Men (57%) are significantly more likely than women (52%) to believe the will spend more time with their partner or spouse in retirement. Women, on the other hand, are significantly more likely to believe they will:

• Take time for themselves (68% vs. 62% of men)
• Do volunteer work (63% vs. 50% of men)
• Spend more time with family, other than spouse/partner (53% vs. 37% of men)
• Spend more time with friends (51% vs. 36% of men)

These are some of the findings of an Ipsos Reid poll conducted between March 3rd to March 18th, 2014 on behalf of RBC. For this survey, a sample of 3,871 Canadian adults aged 50 and over with household assets of at least $100,000 from Ipsos' Canadian online panel was interviewed online. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within +/- 1.8 percentage points had all Canadians adults in this demographic been polled. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.

For more information on this news release, please contact:

Sean Simpson
Vice President
Ipsos Reid
Public Affairs
(416) 572-4474
[email protected]

About Ipsos Reid

Ipsos Reid is Canada's market intelligence leader, the country's leading provider of public opinion research, and research partner for loyalty and forecasting and modelling insights. With operations in eight cities, Ipsos Reid employs more than 600 research professionals and support staff in Canada. The company has the biggest network of telephone call centres in the country, as well as the largest pre-recruited household and online panels. Ipsos Reid's marketing research and public affairs practices offer the premier suite of research vehicles in Canada, all of which provide clients with actionable and relevant information. Staffed with seasoned research consultants with extensive industry-specific backgrounds, Ipsos Reid offers syndicated information or custom solutions across key sectors of the Canadian economy, including consumer packaged goods, financial services, automotive, retail, and technology & telecommunications. Ipsos Reid is an Ipsos company, a leading global survey-based market research group.

To learn more, please visit www.ipsos.ca.

About Ipsos

Ipsos is an independent market research company controlled and managed by research professionals. Founded in France in 1975, Ipsos has grown into a worldwide research group with a strong presence in all key markets. Ipsos ranks third in the global research industry.

With offices in 86 countries, Ipsos delivers insightful expertise across six research specializations: advertising, customer loyalty, marketing, media, public affairs research, and survey management.

Ipsos researchers assess market potential and interpret market trends. They develop and build brands. They help clients build long-term relationships with their customers. They test advertising and study audience responses to various media and they measure public opinion around the globe.

Ipsos has been listed on the Paris Stock Exchange since 1999 and generated global revenues of e1,712,4 million (2 274 M$) in 2013.

Visit www.ipsos.com to learn more about Ipsos' offerings and capabilities.