Financial planning, Retirement planning and Estate planning are all integrated. What you do with one often affects the other.
The first step in planning for a Good Retirement is to start saving regularly as early as you can. The challenge often is that retirement seems so far away that it is easy to put off.
Now that you have started saving, what are you saving for? Deciding what a successful retirement means to you can be quite challenging. What do you want to do for the rest of your life? A lifestyle planner can help. There is addtional information on this topic under retirement on my website www.jpw.ca if you are interested.
Now that you have a basic idea of what your successful retirement means, the numbers can be "crunched". Your retirement or financial planner can fine tune your retirement planning to make what you want to happen, happen.
What particular investment vehicles you should use, depends on your individual situation. Be sure to take advantage of retirement plans that are tax deferred (in Canada, RRSPs and TFSAs). Tax deferral allows you to get the full effect of compound growth.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example if you search for: retirement planner Halifax or retirement planning Halifax, my name along with several others will come up. You can use the same method to find Retirement Planners in your community.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
I have been watching a major pension plan closely and they now require almost 30% of the pay of their employees in order to meet the promises of pension when they retire. Social Security composes a major portion of your program but you will probably need to augment that. Saving early and saving substantially are the keys. You must move money from current consumption to the future if you want money to consume then.
.JPG){kind=avatar}
The first step in planning for a Good Retirement is to start saving regularly as early as you can. The challenge often is that retirement seems so far away that it is easy to put off.
Now that you have started saving, what are you saving for? Deciding what a successful retirement means to you can be quite challenging. What do you want to do for the rest of your life? A lifestyle planner can help. There is addtional information on this topic under retirement on my website www.jpw.ca if you are interested.
Now that you have a basic idea of what your successful retirement means, the numbers can be "crunched". Your retirement or financial planner can fine tune your retirement planning to make what you want to happen, happen.
What particular investment vehicles you should use, depends on your individual situation. Be sure to take advantage of retirement plans that are tax deferred (in Canada, RRSPs and TFSAs). Tax deferral allows you to get the full effect of compound growth.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example if you search for: retirement planner Halifax or retirement planning Halifax, my name along with several others will come up. You can use the same method to find Retirement Planners in your community.