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According to a previous BMO Financial Group/Ipsos Reid retirement study, the majority of Quebec boomers plan to spend fewer years in retirement than Canadians in any other region*.

Almost half (48%) of Quebec boomers expect to spend less than 10 years retired while 22 per cent predict a retirement of 10 to 15 years. These numbers are significantly lower than the national average of 33 per cent and 19 per cent respectively.

When it comes to saving and planning for retirement, 36 per cent of boomers in Quebec don't have RSPs compared with 30 per cent of their fellow Canadian boomers and even fewer have financial plans (47% vs. 34%).

With plans for such a short retirement, it's no wonder boomers in Quebec are spending little time now on planning how to finance it. Of those who do not have RSPs, one quarter admit to not knowing how they're going to support themselves financially in retirement. Another one in four are relying on company pensions and one third are looking to the Canada Pension Plan for support.

Half of Quebec boomers said they spend more time planning their exercise than their retirement, 43 per cent planning travel, 42 per cent planning home renovations, 39 per cent planning their diet and 29 per cent spend more time planning their car maintenance than their retirement.

• What it takes to build a retirement plan and tips for getting started
• How to determine how much you'll need in retirement and what you'll need to do now to reach your goals
• Retirement planning tips for Gen Y and Gen X – it's never too early to start saving for your future