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|You've worked hard to reach this stage of your life, and now it's time to enjoy traveling, spending time with grandkids, or maybe getting involved in your community.
Planning your retirement income is essential to living the life you want in retirement. Whether your retirement is close at hand, or still several years away, the time to start planning is now. Combining your retirement savings with other sources of income that you may have can result in a predictable, tax-efficient income stream, allowing you to enjoy a comfortable retirement.
Retirement Income Sources provide you with a retirement income stream using the money you saved during your working years. Many of these options offer tax-deferred growth, similar to your Retirement Savings Plan (RSP).
What are the benefits of a Retirement Income Plan?
We’ll help you create a written plan, so you'll always know where you're going and how you're going to get there. That leaves you free to focus on the things that matter most to you.
Together, we’ll help you calculate the total retirement income you can expect to receive and even consolidate your retirement savings from all sources into one comprehensive plan for easier management and recordkeeping.
3. Access to advice
We’re always here to answer your questions and help you make any adjustments to your plan.
Where will your retirement income come from?
Having a variety of income sources can make it much easier to retire in comfort. In addition to the income you receive from your Retirement Income Options, here are some of the most common sources of other retirement income.
1. Government sources
These sources may include the Canada Pension Plan/Quebec Pension Plan (CPP/QPP), Old Age Security (OAS) and Guaranteed Income Supplement (GIS)
2. Employment-related sources
These may arise from salary, pension plans or a combination of other savings plans.
3. Personal sources
Depending on your situation there may be sources such as non-registered investments, personal assets and special income scenarios.