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Dreams remain
only dreams without a solid plan for retirement income. If
you're in the early stages of retirement planing, there are
some important questions and options you should consider.
If you're nearing retirement or are already retired and embarking
on a new career or new experiences, you want to make sure
your investment plan can be sustained throughout your retirement
years.
Sentinel Financial can help you achieve many of your retirement
goals. Here are some tips and links to help you better plan
for your retirement needs.
Can you afford to retire?
What do you want to accomplish?
Retirement planning
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The
most common savings goal today is a million dollars.
The biggest question is how can I do it? Use
our little calculator and see what would be required
if you were to save on your own. |
A comfortable retirement is a major goal shared by most Canadians,
but the reality is that few of us are adequately prepared.
CONSIDER THE FACTS
- Less than 30% of Canadians belong to a company sponsored
pension plan*.
- Less than 60% of Canadians have a Registered Retirement
Savings Plan (RRSP)*.
- With life expectancy on the rise, many Canadians will
live well into their 80s. That means your retirement savings
may need to last 20 years or more.
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If you have a savings goal in mind
and you are wondering how long you could draw on it
then this is the perfect calculator. Enter
in your savings goal and monthly withdrawal amount
to see when the savings would run out. |
While youre living...Tax-advantaged growth. Liquidity
for emergencies and
opportunities. Financially independent retirement.
Upon your death...Minimal death taxes and final expenses.
Maximum estate passed to heirs. Financially sound family
and business.
To achieve a financially comfortable retirement:
- You need your assets to grow.
- You need to build a financial nest egg.
- You need to pay yourself first by diverting a regular
percentage of earnings to your retirement fund.
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If you have an idea what age you would
like to retire and the amount of money you would need
a month when retired this calculator can tell you
how much you would need saved. It can also tell
you how long you have until your savings would run
out! |
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