Retirement Planning

Retirement Planning contains two key stages: saving and spending.

Most people work hard their whole lives trying their best to set aside a few extra dollars to supplement their retirement, but many have little (or no) concept of how much they should be setting aside. The conventional industry wisdom is always "invest as much as you can", but closer attention should be paid to whether those funds are invested in RRSPs, TFSAs, or some other investment type.

The satisfaction of getting a huge pot of money ready for your retirement can quickly disappear if too much of that hard work is eroded away through income taxes or Old Age Security claw backs. Retirement Planning is often done in conjunction with Investment Planning and looks at:

  • How funds are invested today
  • How funds should be invested in the future
  • How funds will translate into income during your retirement years