TORONTO, ONTARIO--(Marketwire -05/15/12)- Many Canadian homeowners are juggling the responsibilities of balancing mortgage payments and saving for retirement. Retiring with debt can drastically affect short-and long-term financial goals and plans.
According to Statistics Canada:
-- More than three-quarters of Canadians aged 50 to 59 own their homes; almost half carry a mortgage -- For those aged 60 to 69, 75 per cent own their homes and more than a quarter still have a mortgage
BMO experts will present key findings from a new study on debt and retirement and address the issues they raise. A media Q&A will follow the presentation.
What: Mortgage and Retirement Panel Who: Tina Di Vito, Head, BMO Retirement Institute Laura Parsons, Mortgage Expert, BMO Bank of Montreal When: Wednesday, May 16, 2012; 10:00 a.m. - 10:30 a.m. EDT Media Dial-in: Toll Free 1-888-789-9572 or 416-695-7806 Pass code: 1659626