Retirement Planning

Where will your retirement income come from?

A few Facts:

  • Less than 1/2 of Canadian workers are covered by employer pension plans

  • People are starting to save earlier for retirement

  • You could be retired for a longer period of time than you actually worked

 

Retirement money comes from:

  • Your employment pension
  • Your RRSP's
  • Your savings, assets and investments
  • Business Assets
 

 

A general rule of thumb: You will need 70% of your current pre-tax earnings to maintain your standard of living in retirement.