As Canadians, most of us work very hard for our money.
We pay our taxes (a lot of taxes)
We try our best to maximize our RRSP contributions
We save for our children's education
We buy a home and pay off our mortgage
Ideally, we would like to have the option to retire when we choose and at what age, whether it be age 55, 65, or older if we enjoy work. That being said, depending on when you decide to retire, your retirement could be as long as 25 to 30 years.
How will you fund your retirement?
How will you pay for your fixed expenses?
Will there be enough to enjoy the many activities you envision doing?
Will you receive the maximum CPP and OAS benefit?
Do you have a company pension?
What impact will inflation have on your retirement?
Will you need to take care of aging parents?
All of us will rely on our savings and investments to supplement our income needs. Will you have enough? If any of these issues concern you and you would like to discuss your options, please feel free to contact us via email or call 416-359-4903.