Retirement Planning – Ottawa, Ontario
Retirement planning is the best investment you will ever make. It requires careful planning and sound financial advice. Proper planning enables you to prepare for life after paid work ends, not just financially but in all aspects of life.
While government and company pension plans are useful, they may not provide all that you need for your retirement years. Retirement planning helps you to set goals for your future and to create a plan that will enable you to reach those goals. Planning ahead will ease the financial burden on your family and will allow you to face the future with confidence.
The earlier you begin saving for retirement, the more time your money has to grow. Your financial advisor can assist with your retirement plan by helping you navigate through the options, including RRSPs, mutual funds, tax free accounts, annuities, and life insurance.
Things to consider when planning your retirement include:
- What lifestyle would you like to pursue?
- Where would you like to live?
- At what age would you like to retire?
- What annual income will you require?
- How much money will you need to save to meet that goal?